• Skip to main content
  • Skip to primary sidebar

Downtown Austin Blog

downtown Austin's real estate and neighborhood blog

Austin Fairmont Hotel To Break Ground November 3rd

Jude Galligan | October 24, 2014 |

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

Filed Under: Downtown Austin Districts, Railyard District, waller creek Tagged With: austin hotels

Some Downtown Austin Events – Family Friendly

AG | October 22, 2014 |

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.

Filed Under: around town, austin art, austin lifestyle, austin neighborhoods, austin news, austin parks, austin recreation, downtown austin, life in austin, miscellaneous, Rainey Street District

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

AG | October 20, 2014 |

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

Filed Under: around town

The Rainey Street House

AG | October 15, 2014 |

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:

64 Rainey
700 Cummings
East Avenue Site

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

Filed Under: austin history, austin neighborhoods, austin news, austin parks, austin recreation, city council, development, history, Rainey Street District

Fifth & West Residences: The Next Austin Condo Tower

Jude Galligan | October 14, 2014 |

The Statesman confirmed today what many of us have been expecting, the former offices of the Texas Press Association located at the corner of Fifth Street @ West Avenue, will be razed and construction to commence on a 39 story condominium.

Known officially as Fifth & West Residences, it is the first condo project in downtown Austin to reveal official plans to begin accepting reservations since Seaholm.  Seaholm Condos is notable as it was announced almost exactly one year ago, and was fully reserved within just a few days of that announcement.

We first learned about Fifth & West earlier this year when the project came before the Downtown Commission, and we observed just how compact a footprint the building will have.  So, maximizing FAR was crucial to developing the site.  One of the more notable pieces the developer offered for density bonuses was subsidized Car2Go, B-Cycle, and Shoal Creek Conservancy memberships for each residence.  It is to be determined if those commitments carried through the entitlement process.

Interior dog park
residence interior
building entrance
view from east
view from north

[Interior renderings by Michael Hsu Office of Architecture]

Tall and slender (think Spring Condos) because of the property’s small foot print, combined with the the impact of the Capitol View Corridor, the building’s architecture will be a unique triangular tower, with the longest plane facing southeast.  The surrounding businesses, notably Austin Urban Vet, Kung-Fu Saloon, Jerry Kunz design, and Molotov, will remain untouched by the vertical development.

Below is a summary of what we know about Fifth & West Residences:

  • Project name = Fifth + West Residences
  • Address = 501 West Avenue, Austin, TX 78701
  • Project type = condominium
  • Number of residences = ~154
  • Target pricing = ~$740 per foot, on average
  • Building height = 448ft
  • Unit sizes = average of 1,624 sf  (1, 2, 3 bedroom plans)
  • Developer = Riverside Resources
  • FAR = ~20:1
  • Architect = GDA Architects (Interior Michael Hsu)
  • Anticipated delivery = Autumn of 2017

It’s interesting to see how a large Capitol View Corridor impacts vertical development, forcing architects and developers to finesse the building envelope.

Capitol View Corridor
A large Capitol View Corridor cuts through downtown Austin, Fifth & West to the left

Pre-sales process will be announced soon.  Until then, if you’re interested in making a reservation, contact us for more details!

-Jude

Comparison of GDA Architect's rendering to what the corner of 5th & West looks like today
Comparison of GDA Architect’s rendering to what the corner of 5th & West looks like today

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

  • « Go to Previous Page
  • Go to page 1
  • Interim pages omitted …
  • Go to page 11
  • Go to page 12
  • Go to page 13
  • Go to page 14
  • Go to page 15
  • Interim pages omitted …
  • Go to page 188
  • Go to Next Page »

Primary Sidebar

Archives

Tags

2nd street 360 condos 904 west Austin austin apartments austin auction austin bicycle austin bike share Austin City Council austin coffee austin condo auction austin condos austin history austin hotels austin lofts austin news austin parks austin transit austonian bel air auction bike share buildings condos development downtown austin downtown austin apartments downtown austin condos downtown austin retail entertainment district historic austin legacy on the lake life Parking rainey street Real Estate retail sabine condos seaholm sold spring condos SXSW waller creek warehouse district w hotel w hotel austin
LEGAL NOTICE: Texas Real Estate Commission Consumer Protection Notice. • Information About Brokerage Services. • Copyright © Jude Galligan. All rights reserved. Site Map