Downtown Austin Goes For The Goal – and the Gold!

Downtown Austin Goes For The Goal – and the Gold!

An Amazing New Vision for Downtown Austin

If you haven’t yet read this week’s edition of The Austin Chronicle – and seen the amazing front page photo/rendering – please check it out at once here! Stupendous reporting by Senior News Editor, Michael King, of breaking news regarding a multi-billion dollar plan to build a Major League Soccer (MLS) stadium in the middle of Lady Bird Lake, coupled with the new Light Rail line running straight through the center of the stadium as the train crosses the river.

[Read more...]





Downtown Austin Round Up: Fairmont, Waller, Trinity, Oh my

Downtown Austin Round Up: Fairmont, Waller, Trinity, Oh my

downtown-austin-news-roundup

Have you experienced the phenomena that BIG things seem to happen when you’re on vacation?  This past week, while we attempted to cruise, there were multiple status report updates about three tall projects in downtown Austin.

99 Trinity Tower Announces $100mm, 39 Story Apartment Highrise

99trinityaustinapartmentBack in November, DAB broke the news about Trinity Tower.  Located just east of the Four Seasons Residences, and north of Lakeside apartments.  This will become a very dense intersection.  We have big expectations that this highrise will fill the perceptive gap between the Rainey Street neighborhood and the rest of downtown Austin.  We’re thrilled that they are aiming high with a 39 story tower, which would be the tallest apartment building in Austin.  Demolition of the warehouse should commence soon.  (Statesman)

Waller Park Place Closes On Land

waller_center_austin_Rainey_perspectiveThe Sutton Company closed on their deal to buy Perry Lorenz’s incredible 3-acre assemblage along Waller Creek.  What Sutton is proposing is nothing short of the largest private development in the history of downtown Austin.  Three towers in the Rainey Street district, including significant Waller Creek enhancements, stretching from Cesar Chavez to Davis Street.  (Statesman)

Fairmont Selects Builder

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fairmont-birdseye (1)

This was significant because half of the people I talk with have begun to think this project is vapor-ware.  The project was planned to break  ground a while back.  The Fairmont website is showing delivery in “2016+”, and the sign pictured above says “Opening Fall 2017″.  We hope this is a reliable signal that the project will break ground soon. (Statesman)

-Jude

 





New CBD Office Tower Proposed For 5th & Colorado

New CBD Office Tower Proposed For 5th & Colorado

5thatColorado

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





Rainey Street Gets Bike Share

Rainey Street Gets Bike Share

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The latest bike share hub being installed this morning at Davis & Rainey Street.  Just in time for SXSW, this is a good choice of location in the neighborhood.  Across the street Hotel Van Zandt is under construction.





Development Team Closes On Block 1

Development Team Closes On Block 1

Rendering by SCB from August 2013.  SCB builds some very classy buildings, btw

According to a City of Austin release, representatives with the City’s Economic Development and the project development team closed on the GWTP property (aka “Block 1) on January 31st.  The development team is Trammell Crow, the Hanover Company, and Pacific Life Insurance.

Block 1 is a pivotal downtown waterfront development.  It will improve connectivity with Second Street through to Nueces Street, the new Central Library, and the Seaholm District.

Orientation of Block 1

Orientation of Block 1

Summary of what we know about Block 1:

  • Located at Cesar Chavez and San Antonio Street.
  • Total project size is approximately 1.7 million square feet of mixed use development.
  • Block 1 totals 1.776 acres of land
  • 38 floor three-tiered mixed-use tower
  • expect 440 apartments, including 50 affordable units
  • 40,000 square feet of office and retail space.

The residential component is still being referred to as apartments for rent, and given Hanover’s participation we’ll take that at face value.  (Hanover developed the Ashton).  We should see site work commence in February with public streets and utility work, including the extension of Second Street.

Back in August we caught a glimpse of what Block 1 tower could look like.  According to today’s release, the development team continues to signal it will be a 38 story building with a three-tier design, which is consistent with the rendering and elevations we’ve seen.

If you look at the downtown skyline from the south (78704), you’ll notice there’s a giant gap in the skyline between the AMLI on 2nd to the east and 360 Condos to the west.  This project should fill that gap nicely.

More importantly, the walkable connectivity this project brings cannot be understated.  It’s literally creating more “grid” and that’s perhaps the greatest upside this project can deliver to city-dwellers. 

-Jude

South and East Elevation Drawings for Block 1 by Solomon Cordwell Buenz (SCB)

South and East Elevation Drawings for Block 1 by Solomon Cordwell Buenz (SCB)

Rendering by SCB from August 2013.  SCB builds some very classy buildings, btw

Rendering by SCB from August 2013. SCB builds some very classy buildings, btw





Girls Night Out – Things to Do in Downtown Austin

Girls Night Out – Things to Do in Downtown Austin

Me and some of my lady friends enjoying culture at The Contemporary.

Note: This evening’s itinerary also works for date night!

I like to do a group outing with girlfriends once every week or two, but sometimes we get into a rut – where we are doing the same things, going to the same places, etc.  So, for 2014, I’ve made a commitment to try and mix things up a little (nothing too crazy) and try to do something a little different each time we get together.  Last night was our first night since the holiday madness, and me and gals decided to hit up the northern edge of Congress near the Capitol – frankly, a seeming no man’s land in the evenings.

Me and some of my lady friends enjoying culture at The Contemporary.

Me and some of my lady friends at the beginning of girls night.  At The Contemporary.

Stop 1 – 6pm: The Contemporary – The Jones Center at 7th and Congress

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An artistic shot of the staircase at The Contemporary – The Jones Center. Photo by Lindsey Strobel.

For a steal at $5, you can get in to The Contemporary – Jones Center, and view the exhibitions on site (apparently, your receipt gets you [Read more...]





Last Minute Christmas Gifts You Can Buy Downtown

Last Minute Christmas Gifts You Can Buy Downtown

Neo Jumper

Christmas is in four days, y’all.  If you want to live dangerously – you can try doing your last minute shopping online and cross your fingers that it gets shipped to you in time OR you can go to the mall and get something completely lackluster, but why risk it?

You can pick up unique gifts right here in downtown without biting your nails about when it will arrive.  One of the many benefits of shopping local.

But Amber, you say, I don’t have the time to visit a lot of unfamiliar stores, look through all their wares, and make a decision.  Never you fear – Amber is here! I’ve done a little of the heavy lifting for you, and below provided you a curated list of some cool shops and some cool stuff they’ve got so you can run in, get a special gift, and run out.

REMEMBER – Check the websites for the store hours!  If you are unsure about something, probably also a good idea to call ahead!

My list, of course, is not exhaustive – if you know of a cool downtown / downtown-adjacent shop – feel free to tell us in the comments below!

[Read more...]





Waller Park Place Submits Site Plan for 3 Towers

Waller Park Place Submits Site Plan for 3 Towers

wallerparkplacerendering1

At  ~1,400,000 square feet Waller Park Place, a three tower mixed-use plan is the largest private development ever proposed in downtown Austin (correct me in the comments if I’m wrong).  It’s the vision of the Sutton Company, who formally filed their site plan approval application with the City of Austin last week.

Back in September, Downtown Austin Blog first revealed the concept  for the 3 acre tract stretching from Cesar Chavez to Davis Street, hugging Waller Creek.  Then it was being called Waller Center and seemed really to be just a conceptual vision.

wallerparkplacesiteplan1

Birds eye view shows planned orientation of three towers along Waller Creek

Below is what we know (note these numbers have gone up since Waller Center was announced in September and could still change)

  • Tower A – Office, 25+ stories, on the corner of Red River and Cesar Chavez
  • Tower B – Apartments, 50+ stories, internal on the site
  • Tower C – Hotel/Condo, 40+ stories, at Red River & Davis
  • Target FAR is 10:1
  • The architect is the IBI Group
  • No phasing is contemplated – all three towers built simultaneously
  • The site is part of the Waller Creek TIF district

With Block 1 (tbd) anticipated, and Trinity Tower (tbd) being conceptualized, Waller Park Place would be the last opportunity in downtown Austin for waterfront development with protected lake views.

WallerParkPlaceCrudeMassing5

Our own crude drawings showing how the new towers could fit into the skyline

Above and below are a couple of crude massing-drawings I made for each tower to help view the relative dimensions and heights of the three towers, and to help us see how these buildings will fit into the skyline.

WallerParkPlaceCrudeMassing3

Looking south – our own crude drawings showing how the new towers could fit into the skyline





Based on information from the Austin Board of REALTORS ® (alternatively, from ACTRIS) for the period through 10/22/14 8:18 PM PDT. Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. All data is provided “AS IS” and with all faults. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market.

Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

This IDX solution is (c) Diverse Solutions 2014.