The Austin Business Journal is reporting that 701 and 711 W 7th Street in downtown Austin are seeking an upzoning to CBD. 701 W 7th is zoned “GR – general retail” and 711 W 7th is zoned “GO – general office”. Both zoning definitions cap building height at 60 feet. The properties are adjacent and if packaged together they would represent a half-block of prime development site.
The upzoning, if granted, would add significant density entitlements. In the short run, upzoning to CBD could make potential operation of a bar much simpler without parking and OMV permit issues facing non-CBD zoned bars/restaurants.
TCAD records show the owner of 701 W 7th as Lowa Ltd, of which Daryl Kunik as a principal. Kunik has helped launch several bar concepts, notably Red Fez, Oslo, and Lucky Lounge.