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.

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

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

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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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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

 





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.





Waller Park Place Submits Site Plan for 3 Towers

Waller Park Place Submits Site Plan for 3 Towers

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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.

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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.

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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.

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





Demolition Begins For Dinerstein Development

Demolition Begins For Dinerstein Development

Southwest corner of East Ave at Driskill

Snapped a pic this afternoon showing that demolition is well under way along East Ave for the 9 tract assemblage which will host a Dinerstein apartment development, expected to be called Millenium Rainey (aka Rainey Center).

Millennium Rainey along Rainey Street

Millennium Rainey along Rainey Street

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Kimber Modern Is Coming To Downtown Austin – And It Looks Incredible

Kimber Modern Is Coming To Downtown Austin – And It Looks Incredible

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If you have ever looked for parking behind the Continental Club on South Congress, you may have been surprised to see the Kimber Modern hotel quietly tucked along the back street.

The Kimber, with it’s clean, manicured building lines, has become a favorite destination for people visiting Austin, or even Austinites taking a staycation.

Though the notion of a Kimber Modern in the Rainey District has been percolating for a while now, the principals have been very tight lipped.

For the first time, we have an original rendering of the project that we can share, and can confirm that it will be called, simply, “Kimber Modern Rainey.”

Here’s what we know… 

- 30 hotel rooms (approx.)
- Four above grade floors
- One floor of underground parking
- Street level lobby, bar, pool, and restaurant open to the public
- Three floors of rooms
- Designed by Burton Baldridge
- Will be operated by Kimber Modern Team
- Co-Developed and built by Acero Construction

In almost poetic contrast to some of the recent cookie-cutter development in and around downtown, the Kimber Modern Rainey will be one of a kind.

Rendering of new Kimber Modern coming to Rainey Street district

Rendering of new Kimber Modern coming to Rainey Street district

 

It’s always refreshing to see a development putting forth a bold design vision.  Despite how much downtown Austin has evolved, many of us feel a bit let down by safe “beige box” aesthetic of several new buildings.  Hat tip to Burton Baldridge on the design.

Site as it is today

Site as it is today

 

The site for the chic bed & breakfast’s 2nd location will be on East Ave (near the corner of River St), sharing an alley with the core of Rainey Street.  Made up of two adjacent lots: 62 & 64 East Ave, it will welcome people into the neighborhood.

Site of Kimber Modern Rainey

Site of Kimber Modern Rainey

 

I’m excited that owner Kimber Cavendish and Vicki Faust are bringing this kind of quality, home-grown hospitality into the Rainey Street area, four years after they launched their South Congress base.

Notably, the South Congress location picked as on of 13 winners (out of 227 entries) in 2012 to receive the Texas Society of Architects Design Awards from a total of 227 entries.

The Kimber joins Hotel Van Zandt in the neighborhood, which finally erupted into construction earlier this year after years of smoke. Just outside the ‘hood the mega-luxury, mega-size Fairmont is also looking to get underway soon.





Plans Evolve For Rainey Street’s Waller Center

Plans Evolve For Rainey Street’s Waller Center

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Here are the latest revisions to the 3 acre Waller Center plan – an ambitious project that stretches along the east bank of Waller Creek, from E Cesar Chavez to Davis Street.

The updated renderings (below) give a more comprehensive vision for the massing of three distinct towers, and how they could be best be oriented.  According to the ABJ‘s interview with development firm, The Sutton Company, their target is to submit plans to the City of Austin for approval by late November

waller_center_austin_Rainey_site_sat

Here’s what we know about the goals of the project:

  • Tower A is a 21 story office building
  • Tower B is a 46 story residential tower
  • Tower C is a 38 story mixed use Tower
  • Target FAR is 10:1
  • 26,000 ft retail (possibly grocery store)

Checkout the images below.

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Based on information from the Austin Board of REALTORS ® (alternatively, from ACTRIS) for the period through 4/17/14 9:59 AM 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.