Remember the plans for the 7 Rio condo high rise? It’s back in play, with a new scaled down plan focused on renters rather than buyers.
The original proposal by CLB Partners was an attractive 32-story point tower. According to an updated site plan application filed in late October, developer/applicant CWS is seeking entitlements for a “24-story building with approximately 221 multi-family units [for rent] and associated ground floor uses, along with parking and utility improvements.” 198,612ft total and the plan does call for retail, or some commercial use on the ground level.
The building will be situated along W. 7th Street, including the southeast corner of 7th Street and Rio Grande. In previous plans for 7 Rio, I recall the inclusion of Ranch 616, but the latest footprint looks to leave it untouched.
7 Rio has spent at least four years on the City’s Downtown Austin emerging project poster, and it is still there as of the most recent publishing with the attached description: “Plans are on hold for a 32-story condominium tower at W. 7th Street and Rio Grande by Dallas-based development company CLB Partners. The 158-unit project will also have about 7,400 square feet of new retail space on the ground floor. The project, being designed by local architectural firm Rhode:Partners, is expected to cost more than $50 million.” I expect that info will be updated soon.
Interestingly, in the comments to the site plan application, it reads: “Parkland fees will be required for payment at $650/unit.” This yields $143,650 to City of Austin Parks & Recreation‘s coffers. I’d like to see that money stay in downtown Austin, and used for downtown public open space.
I haven’t seen new renderings, but reducing the height to 24 stories and intending to build 221 dwellings indicates the original point-tower-over-podium design might be discarded. Interestingly, as it relates to building height, a comment from City staff is that while the site is inside of a Capitol View Corridor, the project could still be allowed up to a maximum of 560 feet.