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The Modern Austin Residences | Development

Kevin Burns Reveals New Details About Rainey Street Skyscraper, Including Name and Project Team

The tower formerly known as 9092 Rainey, which has been in the works for several years, officially has a new name and new project specifications.

 

The Modern Austin Residences will have 55 stories featuring 345 market-rate residences and 20 affordable housing units. Austin’s Urbanspace Real Estate + Interiors is developing the project.

The affordable housing units will be available to people earning 80% of median family income, which is $98,900 in the Austin metro. The market rate units will start in the $400,000 range for a one-bedroom unit. Three-bedroom units will go for $1.6 million and above.

These updates, provided by Urbanspace CEO Kevin Burns, come just a few months after Austin City Council approved a density bonus for the project, allowing the building to go higher than typically allowed. At the time, the tower was planned to be 51 stories high and to contain 400 total units.

Burns said some of the extra stories were added to improve the look of the crown of the building by hiding water cooling towers and other mechanical features. He said they ended up reducing the number of market rate residences but maintaining the same number of affordable ones.

Many have wondered about the fate of Container Bar, the popular bar made of shipping containers that sits on the project site. Burns said the bar will close just before crews break ground on The Modern, which is set for late March 2022.

However, Bridget Dunlap — who owns Container Bar as well as Clive Bar and Lustre Pearl — has signed on to run an entertainment space in the basement of the building.

“Container Bar had a good run, but I’m excited for what’s next,” Dunlap said in a statement. “This next concept will fill a niche that Austin is missing in the music/hospitality scene, and I’m glad to have the opportunity to stay in our spot.”

Nelsen Partners will be the design architect for the tower, Flintco will be the general contractor and Page will be the architect of record. Urbanspace will handle sales and interior design for the tower.

Sales are expected to begin at the start of next year. Burns said it will likely take two and a half years to complete construction. He projects they’ll finish in the second half of 2024.

Original plans for the tower included hotel space and permanent residences, but Covid-19 forced the developer to rethink the plan.

“The fact of the matter is what my company knows inside and out, backwards and forwards is high-rise condominiums,” Burns said. “So it allowed us to really focus on what we do best.”

Urbanspace has been tapped to sell the condos for other high-profile Austin towers, including The Independent, which has an onsite coffee and cocktail bar on the ground floor, similar to what is planned for The Modern. But The Modern Austin Residences represents Burns’ first foray into high-rise development.

Calls for denser housing within the city limits have grown louder amid the city of Austin’s persistent housing shortage. In June, the Austin Board of Realtors reported that the city had only 0.7 months of housing inventory on the market. That means if no new houses were listed, the city would be completely out of available housing in less than a month.

“We couldn’t beat the timing as far as the current market demands for products in Central Austin,” Burns said.

Rainey Street, in particular, has transformed considerably in recent the years. In the mid-2000s, the neighborhood received Central Business District zoning, making it easier to build big in what was once a residential area. The street is now known in large part for its bars, which largely occupy former single-family homes.

“Rainey street is evolving for families from all different walks of life, for those that want to ditch the car and be able to walk to everything,” Burns said. “I’m excited to see not just my project but the other projects that are going up in the area that are really going to create an incredible experience, not just for those that live there, but for the entire city.”

Article from: Austin Business Journal

 

Austin Ranks as “Best-Performing” City Once Again

Austin Ranks as

“Best-Performing” City Once Again

 

Photo taken from Aquila Commercial. 

 

For the third year in a row, Austin took the No. 3 spot on the Milken Institute’s Best-Performing Cities report.

Milken’s index ranks cities on a variety of metrics, including jobs, wages, salaries and technology output. It’s designed to help the public and private sectors evaluate and compare cities throughout the nation. It is particularly handy for Realtors, job recruiters and site selectors.

Placed in the “tier 1” category that includes 13 large and 13 small cities, Austin ranked number 3 right after (1) Provo, Utah and (2) Palm Bay, Florida, demonstrating its improvement in many indicators including “one year job and wage growth” and “five year job and wage growth”. No other Texas cities were in the top 10.

Among the many advantages of living in the Lone Star State, Austin offers a low tax rate and plenty of space for expansion and development. Austin boasts a relatively low cost of living despite a thriving tech sector and has marketed itself as friendly and open to business relocations. Dell, Apple Inc., IBM, and Samsung Austin Semiconductor are all major employers, and BAE Systems recently announced a new Austin campus, which plans to bring an additional 800 jobs to the city. The state capital is also home to the University of Texas at Austin, which is a major research university with strong ties to industry. Oracle, the world’s second-largest software maker, also recently announced plans to move its headquarters to Austin from Redwood City, highlighting the city’s magnetic tech pull.

Despite a tumultuous 2020 globally, the large public sector has helped stabilize the economy. The federal, state, and city governments each employ over 6,000 people, contributing to a 16th place rank in short-term job growth. Housing affordability, however, will continue to be an issue beyond the pandemic, especially with the growth in housing costs in recent years.

 

CALIFORNIA LOSES STEAM

Municipalities throughout the San Francisco Bay Area — known lately for sending thousands of new residents to Texas — took a beating in the Milken report.

San Francisco, which took the top spot in last year’s breakdown of U.S. cities, fell 23 places. San Jose, which was No. 5 last year, came in at 22. And Oakland dropped 48 spots, going from 17 to 65.

But the biggest declines in the country came from some of the Bay Area’s outlying cities. Salinas suffered the largest drop of any U.S. metro area, falling 90 places from 41 to 131. The Santa Cruz-Watsonville metro area went from 52 to 124, a 72-point drop.

“A notable common characteristic of the cities that dropped the most is their proximity to larger ‘superstar cities,'” according to the report from the Milken Institute, which is based in Southern California. “Most of these metros also have low levels of high-tech industry concentration and extremely high housing costs. In Oakland’s case, these pressures have displaced many residents and decreased socioeconomic diversity.”

“The pandemic has had an outsized impact on cities where the economic effects of the current recession are exacerbated by high-housing costs,” said Kevin Klowden executive director of the Milken Institute Center for Regional Economics and California Center.

The Milken rankings measures economic vitality in 200 large metropolitan areas and 201 small metropolitan areas using job creation, wage growth and innovation industry metrics. The 2021 version of emphasized jobs, wages and high tech growth, housing affordability and household broadband access.

To download the full report from the Milken Institute, click here.

 

 

 

 

 

The Tech Scene: Austin-area Tech Employers

The Austin Tech Scene: Austin-area Tech Employers

 

Photo from: 9TO5Mac
Photo from: 9TO5Mac

 

Austin, Texas, has become one of the hottest relocation hotspots for tech talent during the pandemic. Ranked by the number of Austin employees, check out the top 10 tech employers with offices in the Austin Area.

The tech companies included provide some sort of proprietary technology that changes the way business is done. They include hardware and software makers, internet-based services, e-commerce companies, semiconductor corporations, manufacturers, biotech firms and artificial intelligence businesses, to mention just a few.

Information for the list is gathered from ABJ surveys, news coverage and company websites.

 

1. DELL TECHNOLOGIES

  • Address: One Dell Way, Round Rock, 78682
  • Brief Description: Dell Technologies helps organizations and individuals build their digital future and transform how they work, live and play with an innovative technology and services portfolio for the data era.
  • Sector: Hardware, software, IT, services
  • Number of Austin Employees: 13,000
  • Products & Services: IT products and services
  • Year Est. in Austin Area: 1984

 

2. APPLE INC.

  • Address: 12545 Riata Vista Cir., Austin, 78727
  • Brief Description: Apple Inc. (Nasdaq:AAPL) is an information technology company headquartered in Cupertino, Calif. that provides consumer electronics, software and services.
  • Sector: Hardware, software, services
  • Number of Austin Employees: 7,000
  • Products & Services: Mobile communication, computers, music players, related software/services, peripherals, third-party digital content and apps
  • Year Est. in Austin Area: 2004

 

3. IBM CORP. 

  • Address: 11500 Burnet Rd., Austin, 78758
  • Brief Description: IBM Corp. focuses on the intersection of business insight and technological innovation through five business segments: cognitive solutions, global business services, tech services and cloud platforms, systems and global financing.
  • Sector: Hardware, software and IT
  • Number of Austin Employees: 6,000
  • Products & Services: IT infrastructure, services, consulting, hardware/software, microelectronics, research
  • Year Est. in Austin Area: 1967

 

4. ACCENTURE PLC 

  • Address: 323 Congress Ave., Austin, 78701
  • Brief Description: Accenture is a global professional services company with leading capabilities in digital, cloud and security across more than 40 industries.
  • Sector: Technology consulting
  • Number of Austin Employees: 4,500
  • Products & Services: Professional services with leading capabilities in digital, cloud and security; Strategy and Consulting, Interactive, Technology and Operations services
  • Year Est. in Austin Area: 1976

 

5. AMAZON.COM LLC

  • Address: 11501 Alterra Pkwy., Austin, 78758
  • Brief Description: Amazon.com LLC is an online retailer based in Seattle with distribution center in San Marcos and an office at the Domain.
  • Sector: E-commerce
  • Number of Austin Employees: 4,000
  • Products & Services: Online retailer with distribution center in San Marcos and an office at the Domain
  • Year Est. in Austin Area: 2015

 

5. NXP SEMICONDUCTORS

  • Address: 6501 W. William Cannon Dr., Austin, 78735
  • Brief Description: NXP is a semiconductor designer and manufacturer of smart chips for automotive, mobile, and the industrial IoT.
  • Sector: Semiconductor
  • Number of Austin Employees: 4,000
  • Products & Services: Semiconductor design and manufacturer of embedded processors, such as microcontrollers and digital networking processors
  • Year Est. in Austin Area: 1974

 

7. SAMSUNG AUSTIN SEMICONDUCTOR LLC

  • Address: 12100 Samsung Blvd., Austin, 78754
  • Brief Description: Samsung Austin Semiconductor, a US-based subsidiary of Samsung Electronics Co. Ltd., is one of the most advanced semiconductor manufacturing facilities in the world with more than 3,000 employees and 2.45 million square feet of floor space.
  • Sector: Semiconductor
  • Number of Austin Employees: 3,000
  • Products & Services: Broad semiconductor processors including mobile, graphic, consumer, networking/high performance computing, Internet of Things, RF and automotive
  • Year Est. in Austin Area: 1996

 

8. AT&T INC. 

  • Address: 816 Congress Ave., Austin, 78701
  • Brief Description: AT&T is a modern media company headquartered in Dallas whose mission is to inspire human progress through the power of communication and entertainment.
  • Sector: Communications
  • Number of Austin Employees: 2,800
  • Products & Services: Advanced IP-based business services, wireless high-speed Internet access and voice service
  • Year Est. in Austin Area: 1881

 

8. INDEED

  • Address: 6433 Champion Grandview Way, Austin, 78750
  • Brief Description: More people find jobs on Indeed than anywhere else. Indeed is the #1 job site in the world (comScore, March 2018) and allows job seekers to search millions of jobs in more than 60 countries and 28 languages. For more information, visit indeed.com.
  • Sector: Internet, software
  • Number of Austin Employees: 2,800
  • Products & Services: Job search engine, job postings, job advertising, resume subscriptions, employer branding products, company pages, skills tests
  • Year Est. in Austin Area: 2004

 

10. APPLIED MATERIALS INC. 

  • Address: 9700 E. Hwy. 290, Austin, 78724
  • Brief Description: Applied Materials is the leader in materials engineering solutions used to produce virtually every new chip and advanced display in the world.
  • Sector: Tech manufacturing
  • Number of Austin Employees: 2,510
  • Products & Services: Materials engineering for the semiconductor, advanced display and adjacent industries
  • Year Est. in Austin Area: 1992

 

 

43 New Towers Coming Soon In or Near Downtown Austin

43 New Towers Coming Soon

In or Near Downtown Austin

 

44 East Ave.

 

Developers have plans for an unprecedented number of downtown high-rises — so many that the Austin skyline will be nearly unrecognizable in the near future.

Builders are bolstered by news that Austin ranked as the most recession-proof large city in the U.S. They’re emboldened by the fact that corporate relocations are coming at record levels. And they’re giddy that 2021 is expected to be a banner year for population growth, with experts projecting the Austin housing market will be the nation’s hottest in 2021.

In the middle of it all is Austin’s Central Business District — downtown. We decided to take a fresh look at all the towers either going up or firmly on a drawing board. ABJ estimates there are at least 43 towers planned or being worked on downtown or just outside it, up from the 37 we counted about 10 months ago just before the pandemic took hold.

Of the 37 projects reported last year, one was scrapped that had been proposed next to Austin’s downtown homeless shelter. That means that during the recession, seven new towering proposals have hit our radar.

2020 was a bit of an odd year for downtown construction — no major projects of note were delivered. But that drought will soon end. The first big, new building to come online will likely be the 32-story Marriott hotel at Cesar Chavez Street and San Jacinto Boulevard in March. The 36-story Indeed Tower is expected to open a few weeks later. The Austin Marriott Downtown and 300 Colorado are also on the verge of opening.

Downtown Austin, in all, has about 3.5 million square feet of office space under construction or in development, according to CoStar Group data — more than one-third of the 9 million square feet of office space underway across the entire metro. The downtown Austin submarket also has about 2,500 apartment units underway, or about half of the city’s current inventory. Only one submarket in the United States — Washington, D.C. — has more apartment units under construction.

Below, check out the high-rises expected to spring to life in the next few years — as well as the companies that are bringing them to fruition.

 

FINISHING TOUCHES BEING PUT ON THESE TOWERS 

1. 405 Colorado (405 Colorado St.)

This 25-story office building at Colorado and Fourth streets is almost ready for delivery. Almost half of the building was leased in March 2020. Brandywine Realty Trust, the building’s developer, is marketing the property to prospective tenants. The office tower is on track to open in early 2021. Also working on the project are Duda/Paine Architects and JE Dunn as the general contractor.

2. 300 Colorado (300 Colorado St.)

This 32-story tower at Third and Colorado streets was in 2018 leased entirely by oil and gas company Parsley Energy. But it’s unclear what will happen now that Parsley has been acquired by Irving-based Pioneer Natural Resources and shuttered its Austin offices. The development was helmed by Riverside Resources, Cousin Properties and Ironwood Real Estate. Kendall/Heaton Associates is the architect of record and Holder Construction and DCA are the contractors.

3. Indeed Tower (200 W. Sixth St.)

April 2021 — the month this 36-story high-rise is scheduled to open — is about three months away, which means tenants such as jobs website operator Indeed Inc., the tower’s namesake and largest tenant, as well as Heritage Title and Brown Advisory can move in soon. The exterior of Indeed Tower, located at the corner of Sixth and Lavaca streets, is complete – only a few finishing touches remain in the high-rise’s interior. The 717,000-square-foot was designed by Page and DPR Construction was the general contractor.

4. Austin Marriott Downtown (304 E. Cesar Chavez St.)

Austin’s newest towering hotel is expected to be christened in March. The 32-story, 613-room Austin Marriott Downtown is almost ready to open its doors next to the Austin Convention Center. The new hotel will feature 65,000 square feet of entertainment, exhibit and meeting space. DPR was the project’s general contractor and HKS Inc. was the architect. ABJ originally reported the hotel would open in the summer of 2020, but the opening was pushed back due to Covid-19.

5. The Quincy (93 Red River St.)

The Quincy, a 30-story apartment and office tower, is almost ready for delivery. Office space will be ready for tenant improvements in February and a full opening is slated for July. Designed by Ziegler Cooper Architects, the tower will have 347 apartments, 78,000 square feet of office space and 10,545 square feet of retail space. Rogers-O’Brien Construction Company Ltd. was the project’s general contractor.

6. The Thompson (501 Brazos St.)

A team lead by Magellan Development Group has this 32-story, 719,752-square-foot mixed-use high-rise nearly ready at 501 Brazos St. The project includes apartments — called Sienna at The Thompson — and a hotel under the Thompson and Tommie hotel brands. Sienna is on pace to open in summer 2021, while the hotels may come online in late summer. The development team includes Magellan, Wanxiang American Real Estate Group of China, Geolo Capital, bKL Architecture, Ryan Companies and Endeavor Real Estate Group. Expect 323 apartments, 411 hotel rooms and more than 8,000 square feet of ground-floor retail space at this building.

7. 6 X Guadalupe (400 W. Sixth St.)

Austin’s tallest tower will reach 66 stories once it’s completed. Construction is already underway at 6 X Guadalupe, located at the corner of Sixth and Guadalupe streets. An Extended Stay hotel was demolished on Oct. 29, 2019, meaning construction has been ongoing for almost 15 months. The building, according to Lincoln Property Co., is “on schedule as planned,” with tenant finishes set for the first quarter of 2022. The temporary certificate of occupancy for office space should be issued by the first quarter of 2023. Most of the building will be dedicated to office space — 589,112 square feet, to be exact — but it will be stacked between 349 luxury residential units and about 10,000-square-feet of ground-floor retail. Bringing Austin’s tallest tower online are: Lincoln, Kairoi Residential and DivcoWest (developers); Gensler (architect); and JE Dunn Construction Group (general contractor).

8. Google tower (601 W. Second St.)

Block 185, as it’s called in development circles, will certainly be one of the more noticeable buildings in Austin’s new downtown. Trammell Crow Co.’s 35-story building on the downtown Austin waterfront will look like a sailboat once it’s complete. The building, which is fully leased by Google, is expected to open during the second quarter of 2022. Google expects to move into the building, located at the corner of Cesar Chavez and Nueces streets, at some point in 2023, according to prior ABJ reporting. At 810,000 square feet it is Trammell Crow’s largest project in Austin. Also working on the project are Pelli Clark Pelli Architects (tower design) and DPR (general contractor).

9. 44 East (44 East Ave.)

About half of the 309 units at this 49-story condo tower have already been sold. 44 East, one of the few residential towers currently under construction downtown, is expected to fully open at some point in 2022. Intracorp Projects Ltd. is the developer, Flintco is the general contractor and Page is the architect, while Urbanspace is marketing the condos.

10. Natiivo (48 East Ave.)

Construction is well underway at Natiivo, a tower devoted to short-term rentals. The 33-story residential tower at Rainey Street Historic District has 249 for-sale units. Those units could then be made available as rentals whenever they are not being used by their owners — and owners must limit their time in the units. Developed by Pearlstone and Newgard Development Co., Natiivo also involved STG Design as architect and AECOM Hunt as general contractor. NGD Homesharing will manage the building, which is scheduled for a fall 2021 delivery.

11. UT innovation district building (Red River and 12th streets)

Construction began in 2019 on a 17-story office tower for the University of Texas at Austin. The 324,000-square-foot office tower designed by Gensler will rise on the old Brackenridge hospital campus. The building is expected to be completed by the spring of 2022. ABJ previously reported the building would be part of the expansion of UT’s Dell Medical School. The building’s tenant mix would include researchers, academic departments and other health care professionals or collaborators who would sublease space.

12. Hanover Republic Square (305 W. Fifth St.)

This 44-story residential tower at the corner of Fifth and Lavaca streets is well underway. Houston-based developer Hanover Co. and Chicago-based architecture firm Solomon Cordwell Buenz are behind this 310-unit apartment tower with ground-level restaurant and retail space on the southwest corner of Fifth and Lavaca streets. Hanover Republic Square would feature a nine-level above-ground parking garage, topped by 32 stories of apartments. The top two levels would include community amenities, such as a pool. Hanover did not responded to ABJ’s request for a construction update.

13. Alexan Waterloo (700 E. 11th St.)

Alexan Waterloo, a 29-story apartment high-rise, is scheduled to deliver its first units in August, with the development team anticipating full completion by May 2022. The tower, which was formerly known as Alexan Capitol, was designed by GDA Architects and will feature 274 units and 294,824 square feet of residential space just east of the Texas State Capitol. Trammell Crow Residential is developer and general contractor.

14. Hyatt Centric Congress Ave. (721 Congress Ave.)

Katerra, Nelson Partners, McWhinney and Hyatt Hotels Corp. teamed up to develop Austin’s first Hyatt Centric hotel. It is being built right now on Congress Avenue between Seventh and Eighth streets and will have 31 stories, 246 rooms, 3,000 square feet of meeting space and 4,450 square feet of ground-floor entertainment and restaurant space. Construction began in early 2020 and could wrap up by late 2021. The hotel’s interior is being designed by Texas-based Duncan Miller Ullmann.

15. Employees Retirement System of Texas building (1836 San Jacinto Blvd.)

CBRE is soliciting triple net leases for a new mid-rise building at the Employees Retirement System of Texas site. It is set to span a total of 168,930 square feet. CBRE did not respond to a request for an update on this project.

16. Hilton Garden Inn Austin Downtown University (1624 Lavaca St.)

Construction could be complete by the third quarter for this 18-story, 214-room hotel near the University of Texas, which will have its own restaurant and bar.

17. Travis County Courthouse (1700 Guadalupe St.)

The developers of the new Travis County Courthouse began construction in late 2019, and the project is currently on schedule to be completed in December 2022. The 12-story building will house civil and family courts. Hunt Development Group LLC is the lead developer, Austin-based Chameleon Companies is the co-developer, Gensler is the lead building designer, CGL Companies is the lead courts designer and Hensel Phelps is design-builder.

 

 

TOWERS ON THE DRAWING BOARD

18. The Republic (401 W. Fourth St.)

The Republic is a planned 48-story office building with 800,987 square feet of rentable office space and 19,423 square feet ground-floor retail space. A previous iteration of plans had The Republic as a 37-story tower. Lincoln Property Co. and Phoenix Property Co. are The Republic’s developers. A building permit for the project was filed with the city on Jan. 8. Lincoln declined to provide any additional updates on the project, but said more information about The Republic will be made available in the coming months.

19. Unnamed (321 W. Sixth St.)

Minneapolis-based Ryan Companies is moving forward with its plans to build what could be the second-tallest high-rise in Austin. The proposed 60-story apartment and office high-rise at the southeast corner of West Sixth and Guadalupe streets would be two stories higher than The Independent, but six stories shorter than 6 X Guadalupe (which would be built across the street). The most recent plans call for 390 luxury apartments – 27 more than previously reported – and 96,000 square feet of class A office space. Ryan Companies also recently confirmed that construction is expected to start in early fourth quarter of this year. The project is still in the design and permitting phase.

20. The Travis/M2 project (80 Red River St.)

Towers have long been floated for this site. A new proposal emerged Jan. 27, when M2 Development Partners announced plans for a 64-story tower with a mix of apartments, condos and hotel rooms. The Austin-American Statesman reported groundbreaking is possible in April 2022, with completion possible in third quarter 2025. This is the same address where Genesis Real Estate Group has floated plans for multiple towers under the project name The Travis.

21. The East Tower (84 East Ave.)

Austin-based Pearlstone Partners and New York-based ATCO Properties and Management are the developers behind The East Tower, a high-rise project at 84 East Avenue. The 41-story tower would have 284 units, including 11 set aside for affordable housing. A rep for Pearlstone said the entitlement process is nearly complete and groundbreaking could happen in the summer, with possible opening by the end of 2023. STG Design is the architect.

22. Unnamed (Fourth and Brazos streets)

Chicago-based CA Ventures proposed to build a mixed-use tower at Brazos and East Fourth streets. The tower would occupy a half-block stretch of E. Fourth Street. What CA Ventures plans to build on this site was not revealed when ABJ first reported about this project in March 2020. CA Ventures did not respond to a request for updates or more information about the project. Brazos Hall exists at the site right now.

23. Unnamed (411 Brazos St.)

Cielo Property Group is in the planning stages to replace Brazos Lofts at 411 Brazos St. The development firm could move forward with its initial plans to build a high-rise at the southeast corner of Brazos and Fifth streets, but nothing is finalized yet. ABJ reported in January 2020 that Brazos Lofts, a 40-unit condo building near the Austin Convention Center, was purchased by Cielo with the intent to replace the residences with a tower of up to 885,200 square feet.

24. River Street Residences (71 East Ave.)

River Street Residences is a planned 48-story residential tower at Rainey and River streets. The project, like 90-92 Rainey, was originally planned as a residential-hotel development, but the hotel element was scrapped last year. The most recent plans call for a mostly residential tower but with a ground-floor retail component to be built on 0.5 acres. It would be one of the tallest buildings in the Rainey Street area.

25. Hanover Brazos Street (201 E. Third St.)

Houston-based Hanover Company wants to build a 44-story residential high-rise at the corner of Third and Brazos streets. In June, the Austin Design Commission unanimously recommended that the project met urban design guidelines. It would have 308 units and stand 513 feet tall, according to the most recent plans presented to the city. The Hanover would replace a warehouse building formerly owned by the Slaughter family. Hanover did not respond to a request for project updates.

26. 9092 Rainey (90-92 Rainey St.)

Urbanspace Real Estate + Interiors CEO Kevin Burns imagines this as a 51-story high-rise in the bustling Rainey Street area. A hotel component was scrapped last year and now plans call for as many as 446 units — including 20 allocated for affordable housing — and 267 parking spaces. Nelson Partners Architects is the architecture firm on the project. Burns plans to break ground in the fourth quarter. But first Austin City Council must weigh in on a density bonus request.

27. 5th & Colorado (415 Colorado St.)

Just as this issue was going to press, Stonelake Capital Partners on Jan. 27 unveiled its proposal for a 50-story mixed-use tower that would combine 100,000 square feet of office space with 318 residences. The building would have about 465,000 rentable square feet in all. Stonelake in September bought the site at Fifth and Colorado streets, where previously Ryan Companies had proposed a high-rise called Tower 5C.

28. The Linden (313 W. 17th St.)

DEN Property Group is developing The Linden condo tower at 313 W. 17th St. with co-developer Reger Holdings. Rhode Partners is the architecture firm attached. ABJ reported last fall that the building could rise 28 stories above 17th Street (once named Linden Street, hence the name) and contain 117 units. The Linden received a site plan development permit from the city of Austin in September and the developers plan to break ground in mid-2021. The building is also set to include about 5,000 square feet of leasable retail and art gallery space on the ground floor.

29. Unnamed hotel (1201 Red River St.)

ABJ reported in July 2019 that Austin-based Hesperus Group had taken over plans to build a high-rise hotel on the site of a Brick Oven restaurant near Waterloo Park. At the time, a site plan indicated a 33-story luxury hotel could be built at the site. But there has been no word since then on progress and attempts to contact the developer for updates were unsuccessful.

30. HealthSouth redevelopment (1215 Red River St.)

Things began looking up for the former HealthSouth property a few weeks ago, when Austin city staffers recommended the site be redeveloped by Aspen Heights Partners.Another key step came on Jan. 27, when Council authorized city staff to enter into exclusive negotiations with Aspen Heights on the redevelopment. Even so, this proposal is still in its infancy. Could redevelopment of the former HealthSouth building spark further revitalization of northeast downtown, particularly near the Texas State Capitol? Time will tell, but for now, Aspen Heights plans to build a 36-story residential tower — with 348 apartments and 160 condos — as well as a 15-story office tower. Also soon to be redeveloped in the area is the shuttered University Medical Center Brackenridge campus.

31. Symphony Square redevelopment (1117 Red River St.)

Greystar Real Estate Partners LLC has proposed building a 30-story mixed-used tower around the historic building that houses the Austin Symphony and catty-corner to Waterloo Park. A 2019 site plan indicated the 562,347-square-foot tower would include 385 apartments, 54,237 square feet of co-living space, 9,930 square feet of dining and retail and 129,484 square feet for offices. Paperwork filed Jan. 13 with the the Texas Department of Licensing and Regulation indicated construction could start in February and wrap up by January 2024. Greystar did not respond to a request for an update on the project’s status.

32. Unnamed hotel (617 Colorado St.)

A 17-story, 344-room hotel has been proposed for the corner of Colorado and Seventh streets ­— currently home to a surface parking lot. The proposal still has to clear hurdles at City Hall but the luxury hotel project already has the backing of the Austin Design Commission. ABJ reported in September the developer is seeking a density bonus. Turnbridge Equities — which developed Music Lane, the Muse and the Lola on South Congress — hopes to gain approval for the hotel’s site plan. A rendering of the project featured a CitizenM hotel logo, but it hasn’t been confirmed whether the lodging brand is attached to the project.

33. Unnamed (1308 Lavaca St.)

A half-acre tract at the corner of 14th and Lavaca streets was, prior to the Covid-19 pandemic, marketed as a potential hotel site. Property owner Jim Young of Sabot Development, however, said he and his business partner — Vinyl Manohar of Twin Crest Capital —haven’t started the entitlement process for this property. What will become of this property, accordingly, remains to be seen.

34. Unnamed (1400 W. 14th St.)

Cypress Real Estate Advisors submitted a site plan in 2019 for a 31-story, 326,509-square-foot office tower at the site of the Combined Law Enforcement Associations of Texas headquarters. No announcements have been made since then and efforts to reach Cypress for updated information were unsuccessful.

35. Motto Hotel by Hilton, (1415 Lavaca St.)

In early 2020, ABJ reported on plans by Trend Hospitality and William Franks to build a Motto Hotel by Hilton at the site of derelict Bartholomew-Robinson Building. Those plans were rebuffed by the Austin Historic Landmark Commission in August, with developers and commission members at odds over whether the proposal would appropriately preserve the historic building. Developers wanted to gut the building but preserve its facade and build a 10-story hotel above it. ABJ was not able to confirm whether the developer has appealed the commission vote or learn more about the current plans for this building, which is owned by Texas Osteopathic Medical Association. TOMA moved out in 2017 after discovering structural issues during a renovation.

36. Texas Bankers Association building (203 W. 10th St.)

ABJ reported in February 2020 that the Texas Bankers Association plans to demolish its existing headquarters near the Texas State Capitol and replace it with a nine-story office tower with 100,000 square feet of leasable space. The building’s ground floor could be used for restaurant or office space. Construction was originally scheduled to begin the first three months of 2021. TBA did not respond to a request updated information.

37. Masonic Lodge tower (311 W. Seventh St.)

A proposal to build a 30-story tower above the Royal Arch Masonic Lodge on Seventh Street received the initial OK from the Austin Historic Landmark Commission in October 2019. Some commissioners had concerns about the project not preserving more of the historic structure. But since there, there have been no reports on the progress of this project and ABJ’s efforts to reach the development team for an update were unsuccessful.

34. Unnamed (1400 W. 14th St.)

Cypress Real Estate Advisors submitted a site plan in 2019 for a 31-story, 326,509-square-foot office tower at the site of the Combined Law Enforcement Associations of Texas headquarters. No announcements have been made since then and efforts to reach Cypress for updated information were unsuccessful.

35. Motto Hotel by Hilton, (1415 Lavaca St.)

In early 2020, ABJ reported on plans by Trend Hospitality and William Franks to build a Motto Hotel by Hilton at the site of derelict Bartholomew-Robinson Building. Those plans were rebuffed by the Austin Historic Landmark Commission in August, with developers and commission members at odds over whether the proposal would appropriately preserve the historic building. Developers wanted to gut the building but preserve its facade and build a 10-story hotel above it. ABJ was not able to confirm whether the developer has appealed the commission vote or learn more about the current plans for this building, which is owned by Texas Osteopathic Medical Association. TOMA moved out in 2017 after discovering structural issues during a renovation.

36. Texas Bankers Association building (203 W. 10th St.)

ABJ reported in February 2020 that the Texas Bankers Association plans to demolish its existing headquarters near the Texas State Capitol and replace it with a nine-story office tower with 100,000 square feet of leasable space. The building’s ground floor could be used for restaurant or office space. Construction was originally scheduled to begin the first three months of 2021. TBA did not respond to a request updated information.

37. Masonic Lodge tower (311 W. Seventh St.)

A proposal to build a 30-story tower above the Royal Arch Masonic Lodge on Seventh Street received the initial OK from the Austin Historic Landmark Commission in October 2019. Some commissioners had concerns about the project not preserving more of the historic structure. But since there, there have been no reports on the progress of this project and ABJ’s efforts to reach the development team for an update were unsuccessful.

38. Block 16 tower (320 E. Second St.)

Manifold Real Estate proposed in 2020 building a 47-story, 741,319-square-foot office tower with ground-floor retail at 320 E. Second Street. The project, which would be located next to the Austin Convention Center, earned the backing of the Austin Design Commission in August but its current status is unknown.

39. Railyard Condominiums site (201 E. Fourth St.)

No formal plans to redevelop the Railyard Condominiums at 201 E. Fourth Street were on file when the Covid-19 pandemic started in March 2020. Los Angeles-based Karlin Real Estate purchased the property in late 2019 for $104 million. Karlin’s website does not include any information about its plans for the Railyard Condominium site, and no one at the company responded to requests for updates about the project.

40. Unnamed (701 W. Sixth St.)

The land under bar Whiskey Tango Foxtrot Icehouse was purchased by Kairoi Residential in March 2020. Exactly what Kairoi would do with the property was unclear when ABJ last reported on the site in May, though the developer indicated residential development was possible. No new information was available for this project.

38. Block 16 tower (320 E. Second St.)

Manifold Real Estate proposed in 2020 building a 47-story, 741,319-square-foot office tower with ground-floor retail at 320 E. Second Street. The project, which would be located next to the Austin Convention Center, earned the backing of the Austin Design Commission in August but its current status is unknown.

39. Railyard Condominiums site (201 E. Fourth St.)

No formal plans to redevelop the Railyard Condominiums at 201 E. Fourth Street were on file when the Covid-19 pandemic started in March 2020. Los Angeles-based Karlin Real Estate purchased the property in late 2019 for $104 million. Karlin’s website does not include any information about its plans for the Railyard Condominium site, and no one at the company responded to requests for updates about the project.

 

 

HONORABLE MENTIONS JUST SOUTH OF THE RIVER 

41. RiverSouth (401 S. First St.)

RiverSouth is being billed as the bridge connecting Austin’s downtown and South Congress districts. The 15-story, 348,000-square-foot office building is rising now and could open by the end of 2021. Stream Realty Partners is the developer and The Beck Group is the architect and contractor. The building is across 1st Street from the Long Center for the Performing Arts.

42. The soon-to-be-old Statesman HQ (200 S. Congress Ave.)

The home of the Austin American-Statesman newspaper is south of the river and technically considered outside of the CBD. Still, downtown Austin is a short walk across the Congress Avenue Bridge. Under the guidance of master developer Endeavor Real Estate Group LLC, the 19-acre Statesman site could be converted in the coming years into a towering mixed-use development with up to 3.5 million square feet, ABJ reported in June 2019 — more than twice the size of Barton Creek Square mall.

43. Zilker Point (218 S. Lamar Blvd.)

Austin City Council in December gave Austin-based Generational Commercial Properties the green light to move forward with an office tower just south of Riverside Drive and less than 1 mile east of Zilker Park. The project is on the site of a closed Schlotzsky’s restaurant, next to the Zach Theatre. Zilker Point is proposed as seven stories tall with 195,000 square feet of office space and about 14,000 square feet for ground-floor retail. Construction could start this summer; the developer anticipates a full buildout by 2023. Runa Workshop is the architecture firm attached.

 

 

Cypress & Shoal Creek Public Space Strategy

Cypress & Shoal Creek Public Space Strategy

 

Shoal Creek conservancy is excited to announce their draft public space strategy that envisions the potential future of the district on their Cypress & Shoal Public Space Strategy community engagement headquarters. Input on transforming Cypress & Shoal Creek is highly valued by the conservancy, who will be accepting input from the public until January 31st. Below you can view the public outreach summary from 2020, as well as detailed information on each of the five project areas, including: a summary of existing conditions and public input, imagery to illustrate proposed design concepts, and the Draft Public Space Strategy for the area. Please visit the Cypress & Shoal Creek Public Strategy Page to leave your feedback.

 

PUBLIC OUTREACH SUMMARY: SPRING 2020

MARGARET MOSER PLAZA
  • congested plaza and street
  • confusing bike connection
  • not enough space for all uses
  • too many cars
  • no scooter parking
CONVERGENCE PLAZA
  • creek trail is poorly lit and feels unsafe
  • trash not cleaned regularly
  • blind crossings and hairpin turns are challenging for cyclists
  • could use more places to sit
MARKET PLAZA
  • confusing vehicular intersection
  • dangerous crosswalk
  • redundant drive streets
  • not enough bike parking
  • poor landscaping and maintenance
  • not enough shade
BOWIE STREET UNDERPASS
  • create safe connections for bikes and pedestrians
  • wider sidewalks
  • put vacant land to good use
  • deal with train noise
SHOAL CREEK TRAIL
  • widen the trail
  • create a safer trail
  • clean up trash and unsafe behavior
  • create passive seating areas

 

EXISTING BIKE & TRAIL ROUTES

 

CYPRESS & SHOAL CREEK: PROJECT AREAS

 

 

1. MARGARET MOSER PLAZA & 3RD STREET BRIDGES

Area of 3rd Street between the 360 Condos and Third + Shoal buildings, continuing over Shoal Creek via two renovated bridges.

 

MARGARET MOSER PLAZA & 3RD STREET BRIDGES: TODAY

PUBLIC FEEDBACK SUMMARY

  • congested plaza and street
  • confusing bike connection
  • not enough space for all uses
  • too many cars
  • no scooter parking

OPPORTUNITIES

  • streamline traffic for safety and convenience
  • create easier bike connections
  • restore historic railroad bridge for pedestrians
  • provide views of Lady Bird Lake
  • improve water quality of street stormwater runoff

CONSTRAINTS

  • city utilities spanning Shoal Creek
  • decaying railroad bridge
  • narrow commuter bridge
  • busy plaza
  • flood plain of shoal creek

 

 

MARGARET MOSER PLAZA & 3RD STREET BRIDGES: CONCEPTS

  • separated pedestrian and bike lanes across new bike/ped bridge
  • people-dominated plaza plaza specs where cars yield to pedestrian traffic
  • wider pedestrian bridge for bikes, scooters, pedestrians and pets
  • green streets with shade trees for health and comfort
  • clear directional signs
  • gateway element for district identity
  • restoration of the historic rail line
  • park space on old trestle bridge

MARGARET MOSER PLAZA & 3RD STREET BRIDGES: IN THE FUTURE

PLAZA GOALS

  • manage bikes, cars and people
  • improve safe crossings for all
  • narrow drive lanes and slow cars
  • improve and widen sidewalks
  • streamline the bike connection
  • incorporate sustainable design techniques

BRIDGE GOALS

  • new, wider commuter bridge
  • restore trestle bridge for public use and creek crossing
  • no impact to creek flood plain
  • provide a new, safe trail under bridges

KEY PLAN

 

 

 

2. CONVERGENCE PLAZA

Area between The Independent and the Austin Energy substation, at the convergence of 3rd Street and the Shoal Creek Trail.

CONVERGENCE PLAZA: TODAY

PUBLIC FEEDBACK SUMMARY

  • creek trail is poorly lit and feels unsafe
  • trash not cleaned regularly
  • blind crossings and hairpin turns are challenging for cyclists
  • could use more places to sit

OPPORTUNITIES

  • provide a continuous trail along the creek
  • improve lighting along the creek trail
  • widen paths for pedestrians and bikes
  • improve areas around Austin Energy land for public use

CONSTRAINTS

  • overhead and underground utilities
  • confusing traffic crossings and conflicts
  • significant grade changes

 

 

CONVERGENCE PLAZA: CONCEPTS

  • dedicated bike lanes
  • wider paths
  • dog park for residents and to reduce landscape damage
  • educational and wayfinding signage
  • use special paving colors or patterns to aid in wayfinding
  • utilize open space
  • provide space for seating

 

 

CONVERGENCE PLAZA: IN THE FUTURE (OPTION 1)

PLAZA GOALS: EAST-WEST

  • dedicated bike lanes
  • reduce bike and pedestrian conflicts
  • connectivity to new development
  • utilize open space
  • wider paths

CREEK TRAIL GOALS: NORTH-SOUTH

  • continue trail under bridges
  • interpretive/educational signage
  • wider paths
  • safer conditions

 

 

KEY PLAN

 

 

CONVERGENCE PLAZA: IN THE FUTURE (OPTION 2)

PLAZA GOALS: EAST-WEST

  • dedicated bike lanes
  • reduce bike and pedestrian conflicts
  • connectivity to new development
  • utilize open space
  • wider paths

CREEK TRAIL GOALS: NORTH-SOUTH

  • continue trail under bridges
  • interpretive/educational signage
  • wider paths
  • safer conditions

 

 

KEY PLAN

 

 

 

3. MARKET PLAZA

Area of 3rd Street and Power Plant Drive between Trader Joe’s/Seaholm Residences and the Gables West Avenue apartment building, reimagined as a public plaza.

 

 

MARKET PLAZA: TODAY

PUBLIC FEEDBACK SUMMARY

  • confusing vehicular intersection
  • dangerous crosswalk
  • redundant drive streets
  • not enough bike parking
  • poor landscaping and maintenance
  • not enough shade

OPPORTUNITIES

  • provide safer intersections
  • introduce more shade
  • improve water quality from street runoff
  • designated bike path
  • better pedestrian experience
  • re-vegetate the median with native plants

CONSTRAINTS

  • vehicular access and parking needs
  • fire department access
  • Austin Energy overhead power lines
  • pet relief needs

 

 

 

MARKET PLAZA: CONCEPTS

  • dedicated bike lane
  • dedicated pedestrian plaza
  • pop-up retail opportunities
  • stormwater treatment from street runoff
  • safer crosswalk
  • tighter turning radius for cars and shorter crosswalks
  • bold graphic markings to slow traffic
  • speed hump slows cars at crosswalks

 

 

 

 

MARKET PLAZA: IN THE FUTURE

GOALS:

  • reduce vehicular dominance
  • repurpose redundant parallel streets for pedestrians and bikes
  • provide safer crossings and reduce confusion
  • provide dedicated bike
  • improve pedestrian experience
  • maintain street parking
  • increase retail opportunities, such as pop-up markets
  • manage stormwater runoff
  • connect to future Bowie Street underpass

 

 

KEY PLAN

 

 

 

 

 

4. BOWIE STREET UNDERPASS

Connection of Bowie Street underneath the Union Pacific rail line, linking up with Sandra Muraida Way and ultimately to the Ann and Roy Butler Hike-and-Bike Trail around Lady Bird Lake.

 

 

BOWIE STREET UNDERPASS: TODAY

PUBLIC FEEDBACK SUMMARY

  • create safe connections for bikes and pedestrians
  • wider sidewalks
  • use vacant city-owned property next to the train line for improved streetscape

OPPORTUNITIES

  • create designated bike & pedestrian connection to Pfluger bridge
  • create safer crossings
  • provide shaded sidewalks

CONSTRAINTS

  • Union Pacific active railway
  • Austin Energy overhead power lines
  • narrow roadway
  • significant grade changes

 

 

 

 

BOWIE STREET UNDERPASS: CONCEPTS

  • wide shared path
  • trestle underpass structure
  • street trees
  • improved crossing
  • gateway element

 

 

 

BOWIE STREET UNDERPASS: IN THE FUTURE

GOALS:

  • create a designated bike & pedestrian connection to Pfluger bridge
  • create safer crossings
  • provide wider sidewalks
  • provide shaded paths

 

 

KEY PLAN

5. SHOAL CREEK TRAIL AT RIO GRANDE STREET

Shoal Creek at Rio Grande Street and 4th Street where Little Shoal Creek daylights, including improvements to the Shoal Creek streambank and trail.

 

 

 

SHOAL CREEK TRAIL AT RIO GRANDE STREET: TODAY

PUBLIC FEEDBACK SUMMARY

  • widen the trail
  • create a safer trail
  • clean up trash and make space feel more space
  • create seating areas

OPPORTUNITIES

  • widen the trail
  • create passive seating areas
  • showcase historic Little Shoal Creek
  • remove invasive species and restore native habitat

CONSTRAINTS

  • narrow conditions
  • flood plain
  • utilities spanning creek

 

 

 

SHOAL CREEK TRAIL AT RIO GRANDE STREET: CONCEPTS

  • capture runoff from the streets in forebays to treat pollutants before entering the creek
  • provide educational signage
  • provide scenic overlook areas

 

 

 

 

SHOAL CREEK TRAIL AT RIO GRANDE STREET: IN THE FUTURE

GOALS:

  • widen trail to provide seating for people watching
  • create scenic overlooks
  • showcase historic creek outfall
  • remove invasive species and re-vegetate with native plantings
  • create a safer environment
  • provide lighting at night
  • clean up trash
  • provide educational elements

 

 

 

KEY PLAN

 

 

***Please visit the website linked here to give your input. 

 

Multifamily Project Winner: The Independent

The Independent is Named the Top Multifamily Project

in ABJ’s 2020 Commercial Real Estate Awards

 

 

Category: Multifamily development

Companies involved*: Buyer broker: Constructive Ventures

Seller brokers: City of Austin (land sale), Urbanspace Real Estate + Interiors (condo sales)

Lead developers: Aspen Heights, CIM Group

General contractor: Balfour Beatty

Primary architect: Rhode Partners

Primary MEP: Garza Bury

Landscape architect: Studio Balcones

Interior designer: Rhode Partners

Civil engineer: Urban Design Group

Structural engineer: LAM+DCI

Title companies: Heritage Title (land sale); Heritage Title and Stewart Title (condo sales)

Financiers: CIM Group, Bank of the Ozarks

Law firms: Dubois Bryant & Campbell LLP, Winstead PC

* all information provided by nominator

Why it won: The Independent tower’s Jenga-like design marked a welcome addition to the downtown skyline when it was completed in 2019.

Austin’s tallest tower at 58 stories, The Independent has also turned heads with its unique crown — which is now illuminated at night to give the tower a special glow at all hours of the day. There’s enough intrigue in The Independent that the story of it’s design and construction has been featured in a Science Channel program called “Impossible Engineering.”

And the hits just keep coming: The Independent has now been honored with a 2020 CREA Award for a new or rehabbed multifamily development.

The Independent features 363 condo units across 950,000 square feet while resting upon just 1.7 acres, maximizing the land and taxable value. The $300 million-plus project has helped the city of Austin reinvigorate a portion of downtown that has gone from hosting power and water plants to towering, new buildings that welcome people day and night.

Aside from its architectural prowess, The Independent has met LEED Gold certification standards for environmental efficiency and sustainability — its application for official LEED Gold certification is currently pending.

What’s more, project co-developers Aspen Heights and CIM Group contributed more than $1 million to various funds that helped improve the infrastructure and beauty of the area.

 

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