New CBD Office Tower Proposed For 5th & Colorado

New CBD Office Tower Proposed For 5th & Colorado

Some of you will remember 2010 when a Starwood backed “1 Hotel” was proposed for the corner of W. 5th & Colorado Streets (201 W 5th Street).  At the time, the low-rise-circa-1980s structure was demolished (<– check out the old pics and hotel rendering), creating the current surface parking lot and food trailer court that exists today.

A site plan application filed by Bury with the City shows a 20 story building surpassing 344ft. The elevation actually starting with 100 ft at grade, thus putting the above ground height, including mechanical, at ~269ft (thanks to Kevin Lehnhardt for the insight!).  Last year, Dallas-based Lincoln properties planned a 16 story tower, so it’s grown a bit since then.

The valuable CBD development site is not encumbered by a Capital View Corridor, and is an entry point to the Warehouse District.  Once they break ground, this will be the second major office tower under construction along Colorado Street.  Combined with the construction-soon-to-commence Gables/Hotel ZaZa at 4th & Guadalupe, the new density bodes well for more daytime retail and restaurant offerings in downtown Austin.

5th & Colorado rendering from last year.

Rendering from last year by HKS.

Ground floor, drawing by Bury

Drawing by Bury, ground floor showing restaurant along W. 5th Street

About Jude Galligan

Jude Galligan, REALTOR-Principal of REATX Realty and publisher of Downtown Austin Blog (aka. "DAB"), spends his time matching remarkable people with remarkable properties in Austin’s urban core. A resident owner in downtown Austin, Jude serves on the Board of the Downtown Austin Alliance (DAA) and the City of Austin Downtown Commission. Contact Jude.

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