Based on conceptual plans filed with the City of Austin, national real estate developer Wood Partners could be entering the downtown Austin apartment market with a tower at the southeast corner of Trinity @ Cesar Chavez. Recently, it was announced that the one-acre site was sold from Hixon Properties to World Class Capital Group.
The plans refer to the project as “Trinity Place.”
Even with the Lakeside apartments to the south, a 6-9 story structured parking garage would allow clear lake views for most of a residential tower. Lakeside is an aging structure, so perhaps this is an opportunity for the City to partner with a developer to provide a modernized affordable housing component. Also, I think the Convention Center could be interested this site for future expansion. Either way, it’s exciting to see something happening on this site.