• Skip to main content
  • Skip to primary sidebar

Downtown Austin Blog

downtown Austin's real estate and neighborhood blog

You are here: Home / Archives for Downtown Austin Districts

Downtown Austin Districts

This Hotel Looks Just Like That Hotel

Jude Galligan | January 3, 2013 |

It’s deja vu all over again!

White Lodging is losing no time getting to work on their third active hotel construction project in downtown Austin.

In late December, about three months after news leaked about the deal, planners filed a site plan and based on other documents filed at the city a clearer picture is emerging about the 300-room luxury hotel at 5th & San Jacinto, abutting the 6th Street Entertainment District.

According to city documents, the project will climb to about 20 floors, with a roof terrace, totaling 215,000 square feet.

Atlanta-based PFVS Architects Inc. are the architects of record.  PFVS already has a few hotels in Austin with their stamp on them, including the Westin at the Domain and the Marriot South Austin, off of I-35.  PFVS is also designing White Lodging’s other two current downtown projects.  White Lodging broke ground on a JW Marriott convention hotel valued at $300 million across from the Austonian last year, which is expected to open in 2015, and is working on a 296-room Hyatt Place under construction at 3rd & San Jacinto, expected to open this year. (Note: White Lodging also runs the Residence Inn next to the Convention Center.)

What is a bit surprising is how eerily similar drawings of PFVS’s Hyatt Place project, on 3rd and San Jacinto, appears to the renderings submitted to the city for the other hotel on 5th and San Jacinto, two blocks north. They are both about 300 rooms, and though the final products will probably be different, on the drawing board there is no denying they look quite similar.

Where have I seen this rendering before?

 

The 5th Street project comes to us from no other than Harry Whittington, who in this case created a joint venture with REI Real Estate Services LLC in Carmel, Ind., and White Lodging.

Whittington told the Austin Business Journal that after being courted by many developers his family concluded that building a hotel with the veteran hospitality developers was the route to pursue. (Whittington owned the lot for a whopping 45 years and is not in the business of selling his land.)

The site had entitlements for an 8:1 floor to area ratio, and zoning was successfully changed to provide a 13:1 FAR.

Something else lacking in the design are renderings that show the the building with a 6th Street POV – arguably the most important perspective for this hotel to blend into the neighborhood fabric.  Will it be a giant Plaza Lofts style flat blank wall looming over 6th Street?  I know the developer has heard these concerns, but we are left wondering about the results.

Should we expect more thoughtful design from architects and developers?  Absolutely.

Is this hotel better than the suface lot it’s going to replace?  Absolutely.

 

Filed Under: 6th Street Historic & Entertainment District, austin towers and high rises, downtown austin, Downtown Austin Districts, Real Estate Tagged With: austin hotels

The Highest And Best Use of Congress Ave Retail Store Frontage Is Not CapMetro

Jude Galligan | December 29, 2012 |

One of the things that always seemed curious to me is how and why Capital Metro (@CapMetroATX) occupied prime square footage on a heavily trafficked part of Congress Avenue, next to Annie’s. For many years, Cap Metro occupied the first and third floor of this three-story building.

Well its lease expires this coming April, and it seems the landlord is raising the rent. As a result, Capital Metro is moving into 209 W 9th Street (southwest corner of Colorado and 9th), which is owned by Harry Whittington.  There, the transit agency is signing a 5-year $3.3 million lease on 18,800 square feet.  This will allow the consolidation of two call centers – one currently housed at the 323 Congress Ave.

For years, the good energy of clear windows (“fenestration” for my fellow wonks) and ambience of Annie’s seemed to kind of get sucked way by the dark, looming, uninviting storefront of Capital Metro next door.

So what’s next for 323 Congress?

The entire building is 21,900 square feet, and  features open floor layouts, ample lighting and excellent visibility to Congress Ave.  According to this undated flyer from Weitzman, it appears to be listed for sale “between $2.5 million and $7.3 million.”  Or, it could be for lease $24-36/ft/yr by Cielo Realty Partners, as it’s shown on Loopnet.

I’ll be surprised if this languishes too long.  Office vacancies downtown have recently fallen below 12%, according to this Dec. 11 Austin Tenant Advisors press release, which compares well to other major cities such as Atlanta which reports a 24% vacancy rate. Average lease rates for all classes are averaging around $30/square in the downtown area while landlords of Class A office properties are quoting $38/square foot, or higher.

This, in part, is being driven by a number of web/computing-based companies setting up shop downtown, which is about as a good of a thing as a city could ever hope would happen to its downtown office space.  We can expect a higher and better use of our ground level retail, however.

FYI urban transit commuter: The transit store, where folks pick up passes, pocket maps and the lost & found, is also moving to the new location on 9th Street.

Filed Under: austin small business, austin transit, Congress Avenue District, downtown austin, Downtown Austin Districts, Real Estate, retail

What’s Missing? Clues To Downtown Austin’s Next Apartment Tower

Jude Galligan | December 18, 2012 |

What’s missing is a clue to what might become downtown Austin’s next apartment high-rise.

Back in August we discovered the old warehouse on the corner of Trinity and Cesar Chavez had been acquired by World Class Capital Group, and quickly conceptualized into an apartment tower, with the working name of Trinity Place.

For decades, two small billboards stood at the eastern edge of the lot.  If you were heading east or west on Cesar Chavez you wouldn’t have missed them.  As of this week, those billboards have been taken down!

Now, WCCG would not decide to forfeit that steady billboard lease without a good reason.  I speculate this is a signal that development efforts are progressing.

Trinity Place conceptual footprint – Cesar Chavez @ Trinty (pdf)

Filed Under: austin apartments, austin towers and high rises, downtown austin, Downtown Austin lofts, condos, apartments, Railyard District, Real Estate

Fairy Tale Themes Come to Life in 2nd Street Shop Windows

Fred Schmidt | December 7, 2012 |

One more unique and wonderful thing to do with friends and family this holiday season…
Head on over to the 2nd Street District for another edition of the Holiday Window Walk! Twenty retail windows have been done up by design and fine arts students from our area colleges in beautiful themes on classic fairy tales. It all kicks off tomorrow, Saturday, Dec. 8th and will be up through New Year’s. Come by and join the festivities!
Here’s a nice little story on Amanda Ivarra’s blog, Miss A, that tells how this all came to be.

Filed Under: 2nd Street District, austin art, austin retail, austin small business, downtown austin

87 Rainey Street Downtown Austin Update: NO VA (not NOVA) to Open End of 2012 (Hopefully).

AG | November 5, 2012 |

UPDATE 8/31/2013: No Va is OPEN for Business!  Check out pics and my review HERE.

UPDATE 7/1/2013: Just got a note from Brad Sorenson with an update on what is going on with NO VA –

Things are getting really close now. Construction is pretty close to complete with inspections taking place and little odds and ends being finished. I have started hiring for the kitchen and we should be training with in a couple weeks. I don’t want to make a guess on when an opening date will be until we have set it in stone on our end.

———————————-

Remember that mega post I did on what’s happening on Rainey Street?  In the post, I talked about 87 Rainey Street located in the Rainey Street District of Downtown Austin, and how I had not heard any updates on just what exactly was going on in that space.  Well, that must have hit Brad Sorenson‘s (the head chef of the new concept, perhaps more widely known for his stint on The Next Food Network’s Star) Google Alerts, because he promptly posted a comment on the Blog saying things were still a go for the restaurant concept.

Which was great, but I wanted more info – so I emailed him and asked if we could meet.  I was actually very surprised when he said okay.

So we met.  Last week.  And, let me just say this – the guy OOZES affability. He’s also real, real tall.

I was absolutely charmed, I will admit – but not only by him as a person, but also by what he told me about NO VA.

First off, NO VA is the name (there’s a space in between “O” and “V”, 2 words), not NOVA, as it’s previously been reported.  There’s actually a cute little story behind the name, too, Brad tells me.  “No va” is what the owner of the business said when he looked at the house at 87 Rainey Street when he initially purchased it, in late 2009.  He said “No va”, because, at the time, [Read more…] about 87 Rainey Street Downtown Austin Update: NO VA (not NOVA) to Open End of 2012 (Hopefully).

Filed Under: austin bars, austin condos, austin lifestyle, austin neighborhoods, austin restaurant reviews, austin small business, austin towers, austin towers and high rises, downtown austin, Railyard District, small business

  • « Go to Previous Page
  • Go to page 1
  • Interim pages omitted …
  • Go to page 12
  • Go to page 13
  • Go to page 14
  • Go to page 15
  • Go to page 16
  • Interim pages omitted …
  • Go to page 36
  • Go to Next Page »

Primary Sidebar

Archives

TOWERS.net – Austin Condos For Sale

TOWERS realty
LEGAL NOTICE: Texas Real Estate Commission Consumer Protection Notice. • Information About Brokerage Services. • Copyright © 2007-2022 Jude Galligan. All rights reserved. Site Map