I spotted this while walking this morning in the burgeoning Railyard District.
Rivals Steakhouse is under construction at the southwest corner of 5th & Trinity. This comes after more than three years of vacancy, since property owner Tim Finley refused to renew Paradox’s lease.
This isn’t the neighborhood’s vision for highest and best use of a downtown corner property, but, overall, most of the surrounding loft owners are pleased that it’s no longer vacant.
I wonder what the economics of steakhouses are because there seems to be a lot of them. If you would have asked me ten years ago where to buy a good steak in downtown Austin I would have instinctively said “Sullivans”.