How Much Convention Center Is Too Much Convention Center?

How Much Convention Center Is Too Much Convention Center?

block-8 2

Block 8 sits in the southern shadow of the Four Seasons Residences, just west of the Austin Convention Center.  There are signals that the City of Austin is posturing for another Convention Center eminent domain battle (à la the Whittington Saga Part 1 & Part 2, which we wrote about in 2008).

City Staff recently recommended that the City acquire the southern tracts of what’s known as Block 8 to be part of an expansion of the Austin Convention Center, the first step in a larger proposed expansion.

block-8 2

The Convention Center currently sprawls over six city blocks, and hosts 881,400 square feet of space.  The City Memo states that there is “solid evidence” for expansion and is wanting up to 305,000 in additional square feet! No doubt the abundance of downtown hotel rooms recently built, and under-construction is part of that “evidence”.

You can view the memo in a recent report from the Austin Monitor, though talks about this have been going on behind closed doors for a while before this.

block-8-tcad-parcels

Plat map of the southern half of Block 8

Below is the breakdown of current ownership of the southern half of Block 8 that the city is intending to initially acquire:

101 E Cesar Chavez / 302 E Cesar Chavez – this is one of the most awkward buildings in downtown Austin. The tenant, Casa Chapala, recently closed its doors.  The building is owned by Bloctavo Holdings LLC / John Calhoun Miller, a real estate attorney in Texas.

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304 & 306 Cesar Chavez – downtown’s purveyor of Aprilias and Vespas, AF1 seems to hide in plain sight.  Owned by Bandy Real Estate LLC, a family operated LLC located in Kingsland, TX.

af1

AF1 Racing

316 & 316 1/2 Cesar Chavez  – A lovely surface parking lot (sarcasm), adjacent to the Christian Science Reading Room. Owned by Bloctavo Holdings / John Calhoun Miller, a real estate attorney in Texas.

the view of the lot looking to the north

the view of the lot looking to the north

102 / 104 Trinity – The Christian Science Reading Room, owned by the First Church of Christian Science.

front exterior of the Christian Science Reading Room

front exterior of the Christian Science Reading Room

Southwest Strategies has been marketing the assemblage of the southern half of Block 8, hoping to get a developer to build with a long-term ground lease.

They describe Block 8 as follows:

The Block 8 Tracts are an assemblage of 4 smaller tracts. Currently, the western portion of the property along San Jacinto is improved with a two story building containing 6,103 sq. ft. currently leased to a restaurant on a short term basis. The central part of the assemblage is improved with a one story building containing 5,320 sq. ft. Tenant is on a month-to-month lease. The eastern portion of the assemblage consists of a paved parking lot utilized for contract parking and an owner occupied one story building consisting of 4,161 sq. ft.

It’s true that the block sits on a prime redevelopment location.  It’s near the convention center, has CBD zoning, and “is unencumbered by any Capitol View Corridors.”

block-8-capitol-view-corridor

Per the Austin Business Journal, “City officials invested about $110 million to expand the convention center in 2002 by several city blocks.”

In their memo, the City states that it has already sent what’s called a Letter of Intent to Acquire to the property owners, and is also already throwing around eminent domain references (though the memo does state that the City will make a good faith attempt to acquire the properties at market value).

The above lots are just the first part of the plan.  From the Austin Monitor: “Rizer suggests the city will need to acquire ‘the equivalent of three to four City blocks‘ to accumulate enough room for the additional space.”

As a resident of downtown, the prospect that an additional three to four blocks of CBD zoned downtown Austin land, currently occupied by thriving businesses, would be annexed by a sprawling Convention Center is alarming.  This would divide downtown Austin using brute force malaise-era design principals.  The City should instead be investing in sustainable design that enhances the preciously compact pedestrian experience our downtown currently affords to residents and visitors.

I call BS on the dogma that Convention Centers can only expand horizontally.  City leadership should invite world class designers to show us a better path to expand vertically on the already significant Convention Center footprint.

-Jude





From Bail Bonds To Condominium

From Bail Bonds To Condominium

908 Nueces Rendering - Perales Engineering

While many of DAB’s friends will be sad to see Bail Bonds (777-7777) office go [sarcasm], we are interested in what is planned to replace it: 908 Nueces Condominiums.

908 Nueces LLC purchased the site in July.  The address for 908 Nueces LLC on the deed records matches up to several entities, but it looks like the management of 908 Nueces LLC is a company called Scotia Western States Housing LLC, based in Tucson.

Through a little research, we’ve confirmed that a builder in Tucson, A.F. Sterling Homes, will be the company developing this project.  While the company owns some single family rentals in Austin , this project will mark their first foray into developing dense housing in Austin.

Perales Engineering, who posted the below rendering of the project on their FB page in September, will be working with Urban Foundry Architecture on the project.

Here’s what we know so far:

  • Address = 908 Nueces
  • Lot =  0.29 Acres (~12,800 sf)
  • Proposed structure =  (~34,000) sf
  • Number of stories = 4 + 1 level of parking
  • Number of residences = 32
908-Nueces-Today

Google Street View Image of 908 Nueces Today

 

908 Nueces Rendering - Perales Engineering

Rendering of the future 908 Nueces Condos, posted by Perales Engineering on Facebook





Fifth & West Residences: The Next Austin Condo Tower

Fifth & West Residences: The Next Austin Condo Tower

view from east

The Statesman confirmed today what many of us have been expecting, the former offices of the Texas Press Association located at the corner of Fifth Street @ West Avenue, will be razed and construction to commence on a 39 story condominium.

Known officially as Fifth & West Residences, it is the first condo project in downtown Austin to reveal official plans to begin accepting reservations since Seaholm.  Seaholm Condos is notable as it was announced almost exactly one year ago, and was fully reserved within just a few days of that announcement.

We first learned about Fifth & West earlier this year when the project came before the Downtown Commission, and we observed just how compact a footprint the building will have.  So, maximizing FAR was crucial to developing the site.  One of the more notable pieces the developer offered for density bonuses was subsidized Car2Go, B-Cycle, and Shoal Creek Conservancy memberships for each residence.  It is to be determined if those commitments carried through the entitlement process.

[Interior renderings by Michael Hsu Office of Architecture]

Tall and slender (think Spring Condos) because of the property’s small foot print, combined with the the impact of the Capitol View Corridor, the building’s architecture will be a unique triangular tower, with the longest plane facing southeast.  The surrounding businesses, notably Austin Urban Vet, Kung-Fu Saloon, Jerry Kunz design, and Molotov, will remain untouched by the vertical development.

Below is a summary of what we know about Fifth & West Residences:

  • Project name = Fifth + West Residences
  • Address = 501 West Avenue, Austin, TX 78701
  • Project type = condominium
  • Number of residences = ~154
  • Target pricing = ~$740 per foot, on average
  • Building height = 448ft
  • Unit sizes = average of 1,624 sf  (1, 2, 3 bedroom plans)
  • Developer = Riverside Resources
  • FAR = ~20:1
  • Architect = GDA Architects (Interior Michael Hsu)
  • Anticipated delivery = Autumn of 2017

It’s interesting to see how a large Capitol View Corridor impacts vertical development, forcing architects and developers to finesse the building envelope.

Capitol View Corridor

A large Capitol View Corridor cuts through downtown Austin, Fifth & West to the left

Pre-sales process will be announced soon.  Until then, if you’re interested in making a reservation, contact us for more details!

-Jude

Comparison of GDA Architect's rendering to what the corner of 5th & West looks like today

Comparison of GDA Architect’s rendering to what the corner of 5th & West looks like today





Seaholm Condos Move From Reservations To Contracts

Seaholm Condos Move From Reservations To Contracts

Seaholm condos at 222 West Ave, rendering by STG Design

According to a press release sent to Downtown Austin Blog, 80% of the reservations for the under-construction Seaholm condos have become full contracts.

Last October nearly all 280 residences at the Seaholm condos were snapped up in a matter of days of the project being announced.  The resulting frenzy of buyers trying to reserve units became a bit of a cluster, leaving subsequent people interested with the singular option of joining a wait list.  Now, I expect, many of those existing Seaholm “wait-listers” will very happily absorb the remaining 20% (56 units) prior to the building’s opening next year.

Seaholm was the first downtown Austin condo project announced post-recession.

When announced last year there were precisely zero competing high-rise condo proposals, no remaining inventory from the last building cycle, nor were there many downtown resales to whet buyers’ appetites.  Combined with below market rate pricing [relative to the newer downtown towers], the swell of interest in Seaholm was not at all surprising.  Seaholm’s rapid absorption reflects superb timing.

Trader Joe’s, the national grocery chain anchoring the development, should be open by the time the residences begin to receive their certificates of occupancy next year.  We’re stoked to see that the Seaholm “district” will be immediately active with retail and residents upon the building’s opening.  The entire development will be a solid addition to the increasingly pedestrian fabric of downtown Austin.

Interestingly, Seaholm could be getting a neighboring tower within a couple of years, too. Earlier this month Constructive Ventures announced a revitalized proposal for a 50+ story tower caddy-corner to Seaholm.

-Jude

Renderings courtesy of STG Design

Seaholm condos – Northwest elevation.  Renderings courtesy of STG Design

 

 

 





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





Trinity Tower: Planning a 39 Story, 350 Unit Highrise

Trinity Tower: Planning a 39 Story, 350 Unit Highrise

Trinity_Place_site

Last year we discovered planning efforts for an apartment tower with the working name of “Trinity Place.”   The forlorn metal building on the corner of Trinity and Cesar Chavez was acquired by World Class Capital Group.

Since then, there hasn’t been a peep out of the site leaving many of us wondering what would happen there.  We’ve now discovered some proof-of-life based on public records filed by the engineering team.

99trinity_current2

corner of Trinity @ Cesar Chavez

The name “Trinity Place” has been scrapped, it is now dubbed “99 Trinity Tower” and is being proposed as a mixed-use residential skyscraper seven stories taller than the neighboring Four Season Residences.

The applicant is proposing a 39-story tower with ~14,000 square feet of restaurant on the ground level.  Those are unchanged specs from last year.  Above that, the first 8 floors will be dedicated for parking, with the remaining floors being dedicated to about 350 residential units.

Even with the Lakeside Apartments to the south, the structured parking garage will allow clear lake views for most of the residential units above.

The project is proposing Great Streets standards along Trinity St., and to build a hike and bike trail to connect to the existing Lady Bird Lake Trail.

While we know what is being proposed, it still remains to be seen if it will come to fruition in the end.  The applicant is trying to nail down the base floor-to-area ratio (FAR) provided by the zoning, and navigate restrictions within the Waterfront Overlay “North Shore Central” district and will have to wait for the city, which could take some time if history serves as a guide.

The ball is rolling on this site.  The demolition permit was issued to scrape the dilapidated metal structure for whatever lands there.  We are excited to see more.

***Below, DAB has mocked up a building envelope showing [extremely crudely!] how a 39 story building could fit onto the site, and how it would add to downtown Austin skyline.

99trinity_massing_crude

a crude massing by DAB of how a 39 story building would fit on the 99 Trinity site

99trinity_massing_crude2

At 39 stories, the tower would be taller than the neighboring Four Seasons Residences





A Glimpse Of What Block 1 (Green Water) Will Look Like

A Glimpse Of What Block 1 (Green Water) Will Look Like

GreenWaterNow

It’s been a long time coming for the $500MM Green Water Treatment Plant redevelopment, situated along Cesar Chavez, bounded to the west by Shoal Creek, and to the east by Silicon Labs.  We’ve stumbled upon good reason to be excited that development could begin soon.

Back in May, when a site plan application was submitted to the city, we shared with you that the first phase of the new Green Water development – a residential highrise known simply as Block 1 – was moving from possibility to reality.

greenwaterorientation

Block 1 is the NW corner of Cesar Chavez @ San Antonio Street

But I, along with nearly everyone else, was kind of confused about what exactly was being planned and how close the Green Water vision was going to match the original vision after a tree preservation snafu at City Council.  This has been resolved and the plan is to incorporate the trees into the design.

Updated elevation drawings were submitted to the city which show a building that steps back from Cesar Chavez.

We can expect that the first phase will be a 38 40-story mixed use building with a total of 446 units. Majority one-bedroom, but included efficiencies, two-bedrooms and three-bedrooms, ranging from about 450 square feet to 2,000.   It is anticipated these will be apartments (for rent).

greenwaterelevations

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

At street level, we should see 14,000 square feet of retail, 15,000 square feet of restaurant space, and another 23,000 of office space.

The project is being developed by Trammell Crow and designed by Solomon Cordwell Buenz (SCB), an award winning architecture, interior design and planning firm with offices in Chicago and San Francisco, who has some very classy buildings all over the world.

If you spend some time perusing SCB’s design portfolio, I think you can start to feel some excited anticipation for this on the Austin skyline.  No doubt, numerous tourists and passers by of what has become a fenced off lawn have wondered just what is going there.

While we can now see the profile the development, we eagerly anticipate some updated renderings.





DAB EXCLUSIVE: First Look at Broadstone On The Lake (former RunTex store)

DAB EXCLUSIVE: First Look at Broadstone On The Lake (former RunTex store)

Broadstone on the Lake rendering2

Cities evolve.  Few quite as visibly as Austin over the past couple of decades.

We’ve got the first look at what’s coming to the site of the former RunTex store at S. 1st and Riverside Drive.  Demo permits were approved last month, and fencing has been erected around the site.

In its place, a six-story cousin (some might say “clone”) of The Crescent apartments – just down the street – is planned, called “Broadstone on the Lake.” It will feature 119 affordable units and 207 market rate ones, for a grand total of 326 apartments, according to city records.

The building is being designed by Kelly Grossman Architects, who designed the Hill Country Galleria, The Crescent and 404 Rio Grande.

Broadstone on the Lake rendering3

Broadstone on the Lake, Elevation Drawings

I’m not going to lie. While I’m thrilled about packing in some more density into the core, I’m pretty “meh” about the whole faux-urban motif of the design.  Some might say that level of design is better suited for a series of outlet malls in San Marcos.  But, let’s remember that the Broadstone apartment housing brand, much like the Millennium apartment housing brand coming to Rainey Street, is a national chain of apartment complexes, and it is what it is.

Thankfully, The Catherine – a 19-story, $68 million, 300-unit residential tower beginning to be constructed next door – has some design panache.  Formerly nick-named “StreetLights at Barton Springs” that building is next iteration of the Aquaterra condominium project, which fell victim to the lending withdraw of the 2008 recession.

(Also, also… the Hyatt Town Lake is removing a substantial amount of surface parking, and building a seven-story parking garage and ballroom behind the Sherry Matthews building. Austin Towers profiled the development there this past February.)

A note about RunTex

Although RunTex was a tenant and was going to get booted anyway, the poetic tragedy of the demolition coinciding with the apparent troubles of the RunTex business and brand is too dramatic to not mention here.

RunTex was founded 25 years ago, and as a fellow entrepreneur who knows about blood and sweat in pursuit of a dream, I can’t help but feel a twinge of sadness for all the people whose lives are intertwined with the bricks and pavement about to be wiped from the earth there.

It is important, though, to note that I used the word “evolve” in the first sentence of this post.  Change isn’t easy, but the development of the site is a natural and healthy evolution for downtown Austin.





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