Downtown Austin Blog

downtown Austin's real estate and neighborhood blog

First Look: The Bowie Apartments in Downtown Austin

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The heavy lifting at The Bowie Apartments is nearing completion, and we were able to get a sneak peak tour to look at some of the units.

Previously named 3Eleven, a reference to the street address of 311 Bowie, The Bowie Apartments are attempting to raise the bar beyond the previous luxury apartment towers, The Ashton and The Whitley.

What we saw was an exceptional building, with pricing to match: studios starting at around $1550/mo, 1 Beds around $2k/mo.  Two bedrooms begin around $3300, and large three bedrooms plans begin at [gulp] $9100 per month.

The Bowie offers 34 different floor plans.  Whole Foods Corporate will have offices on their 8th and 9th floors (which, we are told will have a separate entrance).The Bowie’s interior features & amenities include:

  • Floor to ceiling windows,
  • hardwood floors
  • solar window shades
  • Gas Ranges (we don’t know of a downtown competing class apartment with this offering)
  • Full-size, front-load Washers and Dryers
  • 2 outdoor common area decks (w/fire pits, grilling areas, etc)
  • Rooftop Pool
  • Catering Kitchen / Clubroom / Conference Room
  • Concierge Service
  • Bicycle Storage

The Bowie Apartments will have a heated swimming pool atop their 37th floor, boasting the “the highest pool in Texas!”  We can’t confirm this, but it seems plausible.

What’s really going to set this apartment high-rise apart from others is its prime location: across the street from Whole Foods.  At least until Seaholm is completed, to truly have walkable lifestyle in downtown, there will be a premium for close proximity to Whole Foods.

Competition-wise, The Bowie is likely to go head-to-head with the Ashton, Whitley, the neighboring Monarch, and individual for-lease units at the Spring Condos.  Price wise The Bowie will also be competing with condos for rent at the Four Seasons and W Hotel.

The ground floor of the building will host a restaurant. We are told that there are several inquiries into the space, but no contracts have been signed to occupy the space.

Move ins begin December 15.  If you’re looking to get some info on how The Bowie stacks up to other downtown rentals – just contact us and we can walk you through the details.

-A

Austin Fairmont Hotel To Break Ground November 3rd

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Some people, myself included, were beginning to think downtown Austin’s Fairmont Hotel was becoming development vaporware.  Back in March there was proof-of-life when they began fencing off the site.

Today, according to a press release sent to DAB, the Fairmont Austin, the first hotel providing direct access to the Austin Convention Center, is announcing that it has secured financing and will break ground on November 3, 2014.

Colony Capital has stepped in with project financing for the $370 million luxury hotel, which is expected to open June 3, 2017.

The site, located at the northeast corner of Cesar Chavez & Red River is a 1.74-acre parcel situated along the bank of Waller Creek. The hotel will be notable for having a direct connection to the Austin Convention Center, via an arial promenade being designed by Thomas Phifer and Partners (the firm selected by the Waller Creek Conservancy to develop a master plan for the Waller Creek district).

The finished building will no doubt add to downtown Austin’s skyline. At 595 feet tall, it will be second tallest structure in downtown Austin – the tallest being the 56 story, 680-foot Austonian.

Summary of what we know about the Fairmont Hotel…

  • Number of rooms = 1,066
  • Number of stories = 37
  • Square Feet = 1.4 million
  • Building Height = 595 feet
  • Delivery = June 2017

-Jude

Fairmont_Rendering_Oct2014_final
Fairmont Hotel, Red River @ Cesar Chavez, southwest POV

Some Downtown Austin Events – Family Friendly

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Three family-friendly downtown Austin events happening next week, in no particular order….

Event 1

Trick or Treating with DANA at The Shore Condos, Thursday, 10/30/2014 – 5:30-7pm

Pretty self-explanatory.  This event is restricted to downtown residents and their children (or grand-children, etc) and should be absolute cute overload. RSVP required. Click link above for details and RSVP. Here are some pics from last year’s event:

Post by DANA – Downtown Austin Neighborhood Association.

Event 2

DANA Garden Day, Near Pfluger Bridge, Saturday, 11/1/2014 –  9am

Calling all city dwellers! You may no longer have a garden to tend, but come get your hands dirty and meet your neighbors as we beautify part of the hike and bike trail near the Pfluger Pedestrian Bridge. DANA adopted a garden on Lady Bird Lake (Cesar Chavez side of Pfluger Pedestrian Bridge). It’s a busy spot on the trail and will be enjoyed by all that pass by.

A pic from a DANA Garden Day of yesteryear...
A pic from a DANA Garden Day of yesteryear…

If you are interested in volunteering, please just email DANA at info@downtownaustin.org so they can send you additional information if necessary.

DANA Garden Day
Saturday, November 1, 2014, 9am-12noon
About 999 W Cesar Chavez
map   transit

Event 3

Movies in the Park in Wooldridge Square – Beetlejuice, 10/29/2014 @ 7pm

movies-in-the-park

The 2014 Fall Movies in the Park series continues on Wednesday, October 29 with Beetlejuice at 7:00 p.m. This week is sponsored by the Downtown Austin Alliance and will change things up by moving to Wooldridge Square.

Movies in the Park is a series of free films brought to you by the Austin Parks Foundation, and presented by the Alamo Drafthouse. The 2014 Movies in the Park theme celebrates the Alamo 100 – a list of 100 movies deemed essential by our beloved Alamo Drafthouse. The last movie of the season will be The Dark Night on November 13 at 6:15 p.m. in Republic Square.

Dogs, picnics, and lawn chairs are welcome. Alcoholic beverages, glass, and styrofoam are not permitted in the park. Recycling bins are provided, but we ask that you help us out by packing out all of your own trash. Smoking is also prohibited in the park, per city law. In case of rain, please visit http://austinparks.org/moviesinthepark.html for updates.

To pour, or not to pour… concrete… at 3am.

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11/7/2014: Yesterday, City Council postponed this item to 11/20/2014 with direction for it to be heard at the Downtown Commission meeting on 11/19/2014.

10/30/2014: There’s a substitute proposed amendment on the draft City Council agenda (currently item #34, as of this update) for 11/6/2014.  This proposed amendment unanimously passed first reading.  It still proposes an expansion of the area where overnight concrete pours would be allowed, and is also proposing, among other things, to have any and all off-peak concrete pouring in the CBD and expanded areas to end at 2am, in most situations. 

10/21/2014: We’ve just been told that, due to stakeholder feedback, the consideration of this proposed amendment has been indefinitely postponed.

At this moment it is difficult to name a residential tower in downtown Austin that is not within earshot of construction.  This is one of those topics that reflects the challenges of managing economic growth.

The Downtown Austin Neighborhood Association (DANA) just posted about item #18 on City Council’s draft agenda for October 23rd.

The agenda item in question is in regards expanding the areas allowed for concrete pouring from just the CBD to include the Density Bonus Area (see image below), DMU areas (which would include Seaholm), and the (P) Zoning Districts.

Here’s a map (click on it to enlarge):

map-concrete-pouring-amendment

The amendment also adds what some would call “weak” language regarding noticing requirements.

The proposed amendment has revealed a bit of a fury from downtown residents – many of whom want the night-time pouring stopped altogether (we’ve been told by several sources that no other major city in Texas allows for concrete pours after 8pm).

Then there are residents who want construction to be completed as soon as possible, thus are encouraging the night-time pours.  Some folks on this side of the issue note that ROI is impacted when construction timelines are longer, which could impact things like affordability and the ability to even build some dense developments.  They also cite that day-time traffic would be even further gridlocked if some concrete pours aren’t allowed in the late evenings.

Notably, residents of the Spring Condos and 360 Condos are within proximity of Seaholm’s construction, and will be immediately affected if this amendment passes, and residents of Plaza Lofts (with the newly started construction of Hotel ZaZa) has previously expressed concerns about night-time pours in general.

We see both sides of the issue, (personally, I see the benefits of getting construction over with) and believe that downtown should continue to push for vertical growth.  Of course, I’ve been woken up by early morning concrete pours.  It’s just something we accept as part of growth, but we are watching closely to see how the chips fall at the October 23.

-A

The Rainey Street House

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It looks like Rainey Street District will be getting a history center!  The big question is: where will it go?

On June 12, 2014, Councilman Mike Martinez made a motion, which was amended by Councilman Chris Riley and passed a council vote to essentially read as follows:

Directs the City Manager to accept the donation of the structure formerly located at 93 Rainey St. from Austin Rainey St. D/E/P, LLC, a Delaware, LLC., for use as the Rainey Street History Center.

Here’s the house at 93 Rainey in 2012 (taken from my MEGA Rainey post from 2012) – standing on one of the sites where Dinerstein is building the Millenium Apartments.

The ~1600sf structure as it stands today:

93-rainey-austin

This structure, which will be refurbished using funds from the Rainey Street District Fund, will be placed on a TBD location within the next 180 days.

Currently, these three locations are being considered:

64 Rainey, 700 Cummings, and East Avenue – all pictured below:

There are pros and cons to each of these sites, and the Rainey Neighbors Association will be discussing all the issues, and likely selecting the location THEY endorse (several other stakeholders may need to agree, including the MACC and the Waller Creek Conservancy) on 10/21 at 6:30pm at the Towers of Town Lake Library. If you are an RNA member – you’re welcome to come to the meeting! Otherwise, submit your thoughts on these sites in the comments below!

For more information, download the attached presentation by Austin Parks and Rec: Rainey-Street-House