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.





First Phase of Green Water Construction Moving Forward?

First Phase of Green Water Construction Moving Forward?

GreenWaterNow

Move over, Seaholm!  The other massive redevelopment on Cesar Chavez, the Green Water Treatment Plant Redevelopment, is rumbling to life!

Adding to the seemingly endless list of construction occurring downtown, it looks the Green Water Treatment Plant construction could be getting underway very soon.

A site plan for a high-rise apartment on “Block 1” (110 San Antonio) – possibly climbing 38 stories – has been turned into City Hall for the lot just west of the Silicon Labs building. It’s another exciting moment for downtown Austin, and the culmination of years of “wait and see” from guys like me, who watched these project move at a glacial pace after the economy tanked in 2009.

2011 RENDERING OF VIEW FROM SEAHOLM INTAKE

2011 RENDERING OF VIEW FROM SEAHOLM INTAKE

It was way back in 2008 that Trammel Crow won the bidding process to redevelop the site, and another five years before it hammered out a deal with the city.

On May 25, 2012 the Austin City Council approved an agreement with a development team led by the Trammell Crow Company to redevelop the site with several buildings up to 30 stories tall.  The project will have 1.75 million square feet of development, including 826 apartments, 456,000 sq. ft. of office space, a 200 room hotel and 82,000 sq. ft. of retail (most along an extension of the 2nd Street  District).

GreenWater2

2011 RENDERING OF PROJECT SITE

The project hit another, unexpected, snag when a dust-up occurred over seven heritage trees that are on the site. There were some concerns that the city was applying double standards by not making the developer follow the Heritage Tree ordinance, which the city council enacted in 2010 after Trammel Crow had its plans, but before it inked a deal with the city.

In the end, Trammel Crow agreed to save the trees, but would have to sacrifice about 67,000 square feet of leasable area, and the city agreed to hand over $1.7 million to compensate them, according to the Austin Business Journal.  [h/t Chris Bradford, see comments]

We have yet to see clearly how a reduction of almost 70,000 square feet will impact the scope of the development.

Back in 2012, the per block details were posted on the SkyscraperPage forum:

GreenWaterMap

Block 23 Office
28 floors
566,074 gross square feet
524,143 usable square feet

Block 1 Residential (SITE PLAN FILED)
38 floors
682,120 gross square feet
531,700 usable square feet



Block 185 Residential
39 floors
436,975 gross square feet
336,600 usable square feet



Block 188 Hotel
19 floors
245,643 square feet





9th Annual Downtown Living Tour – May 19th, 2013 – Reserve Your Tickets

9th Annual Downtown Living Tour – May 19th, 2013 – Reserve Your Tickets

DLT 2013 Header

The 9th Annual Downtown Living Tour is a couple of weeks away.  Produced by the Downtown Austin Neighborhood Association (DANA), the tour is a great way to tour downtown living, at your own pace, all in one day!

Get your DLT tickets now

This year, although the tour will still be self-guided, the tour will also have shuttle service to facilitate access to each tour stop (nice!), and will showcase the following buildings:

  1. The Whitley Apartments
  2. The Shore Condos
  3. Park West Residences
  4. 360 Condos
  5. Avenue Lofts (one of the few Art Deco buildings downtown)
  6. The Four Seasons Residences -RECEPTION – (VIP only, and only open from 4pm-5pm)
  7. Brazos Lofts (check out the history, formerly Capital Chevrolet)
  8. Towers of Town Lake (Penthouse, VIP only, only open from 1-4pm)
  9. Capital Studios (to-be-built Foundations Communities project designed by Dick Clark Architecture)
  10. LBJ’s apartment at JJ Pickle Building (VIP only, only open from 1-4pm)
  11. More stops to be announced!

There are some stops of particular note, primarily the official office suite of President Lyndon Baines Johnson at the JJ Pickle Building, an office suite he used during his presidency and the site of such landmark meetings as the Cold War discussions on December 6, 1966, which culminated in the first agreement with the Soviet Union to limit nuclear weapons, known as the Strategic Arms Limitation Treaty (SALT).

The JJ Pickle building itself is part of a two-block complex of Federal Buildings in downtown Austin, and was designed by Texas Firms  Page-Southerland-Page and Brooks & Barr, and is textbook 1960s high-rise design.

Here are a few exclusive pictures of the interior of the office suite, which is remarkably intact.

The LBJ Suite is only open to VIP ticket holders, and there a very limited amount of VIP tickets – so we would recommend…

Get your DLT tickets now

 





Higher & Better Use For Downtown Alleys

Higher & Better Use For Downtown Alleys

austin_alley_project

This effort could yield some cool results.  The idea is in focus as Art Alliance Austin will feature in April an alley installation adjacent to the Austin Club.

Councilmember Tovo’s office is capturing the attention of downtown stakeholder groups, including Downtown Austin Neighborhood Association and the Downtown Commission, which has spun off a working group, for consideration of a masterplan for downtown Austin’s alleyways.

“Traditionally [alleys] are associated with garbage collection and can be associated with crime,” Tovo says “so, there’s the notion of kind of taking another look at them and really thinking about what kind of potential they might bring to our downtown area.” – KUT News

Repurposing alleys is not a new idea, and many cities around the world have embraced them as valuable real estate.

In fact, the concept for revitalizing downtown alleys has come before Austin City Council at least once before.  Back in 1971, architect David Graeber proposed repurposing the alleys behind 6th Street, from the Driskill Hotel to Waller Creek.

“By establishing cafes, boutiques, business offices and unusual shops, the alley could be a major economic stimulant to the downtown area.  Businesses could face either the alley or 6th Street, or more advantageously, both.” – David Graeber

Austin Architect, David Graeber's "Serendipity Alley" concept from the 1970s.  Daily Texan, September 24, 1971

Austin Architect, David Graeber’s “Serendipity Alley” concept from the 1970s. Daily Texan, September 24, 1971

[Image credit Art Alliance Austin/Creative Action and TBG/Dan Cheetham (Fyoog) and Michelle Tarsney]





UT student housing, not condos, coming to 17 & Guadalupe

UT student housing, not condos, coming to 17 & Guadalupe

17&Guad birdseye

About a month ago, the Downtown Austin Blog had a post hinting at the redevelopment of the abandoned, sad-looking Arby’s at 17th and Guadalupe, received with some skepticism.

Guess what? It’s going to be developed into an 80-unit student housing apartment complex and they want to do it fast.

About a quarter of the block at 1715 Guadalupe has been an abandoned fast food restaurant with its onsite parking use for contract parking. Recently, it has been sold to a developer for mid-rise student housing, with below grade parking.

Here’s the catch: The construction schedule requires work to begin by March 15, in order for the project to be ready for UT student move-in this August. The entire project area will have underground parking, which will required about two months of demolition, excavation and grading work.

It will be interesting to see if this still becomes student housing if the project deadlines cannot be met. Initially, this lot was going to be redeveloped into downtown mixed-use and someone literally scratched out “condos and retail” on the site plan application and wrote “apartments”.

UT had record freshman enrollment this past year, and if the market said lending was easier for that use, then that’s how the chips fall.

There’s likely to be universal consensus that a mid-rise student complex will be great for adding some life back into that part of town, and be especially good for the adjacent Dive Bar and Arturo’s coffee shop.

But, like cutting into an overcooked, yet still tasty steak, the current plan leaves bit sadness about what could have been.

Street-level retail and condo owners, which would have been vested in the community, would have been much juicier than student housing. Not to mention: the site is zoned for DMU-CURE and not in the Capitol View Corridor, which means density could have been packed in there.

We’ll also not that unlike other apartment projects percolating around the core, this one – because it is student housing – is unlikely to be converted into condos at a later date.

On the other hand, having student housing bleeding into downtown does it’s own unique part to keep the core vibrant, and really adds a level of affordability and youthfulness to downtown, which a luxury high-rise condo tower would not.





Hotel Van Zandt To Begin Construction This Summer #foolmetwice

Hotel Van Zandt To Begin Construction This Summer #foolmetwice

render by WDG

If you’ve been around downtown Austin since 2006, you’ve been hearing about the Hotel Van Zandt.  It was a sister development to the Shore Condos, sharing the northern end of the site.  Hotel Van Zandt was initially planned to be a $100 million, 29-story hotel and condo tower.  The scope has been reduced to 16 stories and will include just the hotel component.

“Greg Clay, chief investment officer for JMI Realty, which is developing the Hotel Van Zandt, said his company has applied for building permits and expects to break ground by June on the 16-story, 327-room hotel. It which will be operated by Kimpton Hotels, a San Francisco company, which specializes in chic boutique hotels.

Though JMI has owned the site at Red River and Davis streets since 2006, the project had been stalled by the recession and other factors, but now it’s back on track.” – Austin Business Journal

I’m eager to see this hotel built.  We’ve heard this story before, though I’ve heard enough scuttlebutt this time to be optimistic we really will see dirt start turning.

-Jude

[above rendering by WDG Architecture]

hotel-van-zandt-site





Remainder of Austonian Block Sold

Remainder of Austonian Block Sold

wccg-austonian-block

The remainder of the downtown block surrounding the Austonian has been purchased from the Nalle family by World Class Capital Group.  There are no immediate plans for the site.

“The site that was purchased — about 1.3 acres — is bounded by Congress Avenue and Second, Third and Colorado streets. It includes a surface parking lot along with the land and building that house the Austin Children’s Museum, which will be relocating to the Mueller development in Northeast Austin, and Compass Learning.” – Statesman

WCCG has acquired several premiere downtown sites over the past couple of years, including Katz Deli, Spaghetti Warehouse, and the warehouse at 97 Trinity (across Cesar Chavez from the Convention Center).

 





More Downtown Austin Apartment & Condo Projects Emerging

More Downtown Austin Apartment & Condo Projects Emerging

north_shore_lofts_austin2

It seems like almost every direction we look around downtown Austin, construction cranes are deployed, helping concrete and steel skeletons reach to the sky.  Notably the JW Marriott hotel, across from the Austonian, has three cranes in place and will soon take shape.  But that’s just the newly visible construction: in and around downtown Austin there’s upwards of 8 million square feet of construction planned or underway.

Sometimes we forget to look outside of the downtown core.  Still, there on the far wings of downtown Austin, even more construction is (literally) on the horizon and DAB is here to give you a first look.

North Shore Lofts
More Rainey Street District development is on the way, joining the Sutton Towers, Austin Skyhouse and the (perpetually-stalled) Hotel Van Zandt. Not much is known at this point, but a new multifamily development is planned on a vacant plot of land on the north shore, next to the Holiday Inn right by I-35.

If built, the views of Lady Bird Lake would be incredible (and protected).

This site, addressed 16 North I-35, was rezoned from downtown mixed-use (DMU) to central business district (CBD) in 2005, and at the time was owned by Tom Calhoon, of Calhoon Properties.

Coming Soon: "North Shore Lofts"

Coming Soon: “North Shore Lofts”

West Campus Apartments
Don’t be fooled by the name, this project, at 17th and Guadalupe is not actually in “West Campus“, and is also planned to have condos.  Since as long as I can remember, this area near the Dog and Duck Pub, is one of the most run-down areas remaining in downtown, with a lot of properties sitting idly in disrepair.

Last time this site was anything productive it was an Arby’s.

Hopefully, this project will spur additional redevelopment of the low-density legacy buildings all around here. A few blocks north, the UT School of Business is building a new center next to the Player’s Club, which will also expand the AT&T Conference center, which might help energize the area, too.

-Jude

1715 gdlp current

Coming Soon: “West Campus Apartments”





Based on information from the Austin Board of REALTORS ® (alternatively, from ACTRIS) for the period through 12/20/14 2:49 PM PST. 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.

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