One of the most underutilized development sites in downtown Austin is about to transform.
Categorize this discovery as random: because I am a customer of Bank of America, I received a letter stating the drive through at 5th & San Jacinto will be shutting down. That’s as official as it gets!
This harks back to March, when Stream Realty has contracted to purchase Tom Stacy’s mega-assemblage extending from Congress to San Jacinto.
Another parcel — a half block site on East Fifth Street between Brazos and San Jacinto — will be sold once Stream closes on the purchase. Sallis said there’s been interest from developers looking to build hotel, apartment and mixed-use projects there. Source: Austin American Statesman
The intersection of 5th & San Jacinto is anchored by Eddie V’s restaurant, the Brazos Lofts, and a new hotel is expected to break ground this year. Directly across San Jacinto, White Lodging is planning a 17 story, 326 room “Westin Austin Downtown.”
The Bank of America drive through can be seen in the bottom right of the image below.