You thought Austin had reached peak hotel development? Think again.

You thought Austin had reached peak hotel development? Think again.

There has been a bit of chatter recently about the (literally) sky high hotel development in and around downtown Austin.

How much more hotel development can downtown Austin support?  More, it seems.

519 W. Sixth Street

519 W. Sixth Street

The half-acre surface parking lot at 519 W. Sixth Street, adjacent to the IBC Bank Plaza and near the Plaza Lofts condo building, long slated for a hotel but mute on progress is not only still alive, it is growing.

A nascent group of developers are in preliminary stages of design for a 32-story, 250-key hotel with ground floor restaurant, and 5 levels of parking connecting to the adjacent IBC Bank garage. Right now, there’s no drawing laying around to show, but the facts are otherwise confirmed.

Aloft/Element hotel proposal at 7th & Congress

HKS rendering of Aloft/Element hotel proposal at 7th & Congress

There’s speculation that the design would have to be somewhat similar to White Lodging’s 33-story, 410 key, Aloft/Element hotel at 7th & Congress Ave. pictured left because they are similar height and occupy the similarly sized footprint.

As noted above, the IBC Bank site has been the source of water cooler talk for years.

When the IBC Bank Plaza was announced in 2012, it added a bookend to a series of fables about the block. But, like a dangling storyline slated for a sequel, downtown development watchers still waited to hear what would become of the southeast corner of the 6th Street and Nueces Street intersection (also known as “Block 51”).

The popular mythology for some time was that IBC Bank was considering developing a 28-story hotel on site. To have gotten word that a concept for the site, albeit different, is in the works is exciting.

IBC Bank Plaza, while encumbered by a Capitol View Corridor (shakes fist) and a meager 13-stories, is an architecturally beautiful building and the notion of a unique project to compliment its style has a lot of potential. The proposed hotel site isn’t in the Capitol View Corridor.

Proposed hotel footprint

Proposed hotel footprint

There are no clues right now as to whether HKS, the firm that designed IBC Bank Plaza, has a hand in the designs of the corner project but I’m hopeful. IBC Bank’s architectural style and street-level presence is designed to support Austin’s Great Street’s Program through ground-level restaurant, retail and landscaped streetscape.

More to come on this project in coming months hopefully as an area of downtown that was once destitute continues a regeneration.

About Jude Galligan

Jude Galligan, REALTOR, Principal of TOWERS 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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