There’s progress at the corner of W 6th Street and West Ave. The corner lot – 800 W 6th Street (tcad) – and adjacent lots, formerly home to Page Southerland Page, have been assembled and are owned by Cypress Real Estate Advisors. For years, the corner lot served as a tire repair shop. Not exactly the highest and best use. Last week that tire repair shop was torn down.
In 2007 and 2008, Cypress was planning a residential tower. The land is not in a CVC, but is not zoned CBD, and they would have needed variances in order to build what they wanted. The project never got any legs as this was when the economy began to tank.
According to an article by Jacob Dirr (pdf) at the ABJ this past February, Cypress is planning a six-story, Class A, office building. They do not need any variances, but do need an anchor tenant before construction begins.
It’s possible we’ll see the demolition of the PSP building in the next couple of months. Short run use is likely to be a surface level parking lot.