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Downtown Projects


Longhorn Al

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What is crazy, is that the new construction projects are not commanding the highest rent, as they are having to compete against each other more-so than existing buildings, where existing vacancy is at a premium.  Vacancy for Class A space downtown is sub 6%.

Dirt is going for over $1000 psf for sites that can support office density. 

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The Travis tower #1

https://www.genesisliving.com/projects

bdpTILy.png

 

 

Cambria Hotel (East Ave)

https://austin.towers.net/two-new-hotels-headed-for-east-avenue-in-the-rainey-street-district/?agent=caitlyn@towers.net

This one will be just south of that Van Halen lookin' hotel.

cambria_hotel_east_avenue_1.jpeg

cambria_hotel_east_avenue_2.jpeg

 

Lady Bird Hotel (East Ave)

This one will be just south of Cambria.

lady_bird_hotel_1.jpg

Edited by Longhorn Al
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My goodness, what the city could do to alleviate homelessness by selling the Lakeside Apartments.  They could move the residents within central Austin and still have tens of millions left over to tackle housing issues.

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HEB going in at Randall's site on Lake Austin will actually be about twice the size of the current store (up to 80-85k square feet).  With underground parking.  That should make for a fun construction intersection for a few years.  The ink for the two student housing facilities is about dry.  And Muni is gone.  They already drafted the "this is the best use of the resource for the benefit of students" MOU.  

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Not "gone", but everything has been done from the University/System/Regents side.  It's a done deal for them.  It's going to market.  Final boxes will be checked in committee next month.  It'll stay quiet for a few months, maybe even until the end of the year.  

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Muny is preferred spelling btw. Is under lease until 2020 by the city, Fenves renewed at slightly better rates for UT.

SB-822 is in the house. It would transfer the property to TPWD. Not guarantee they wouldn’t immediately sell it to developers, but “historic public green space” may have better protection there than as part of the UT System

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  • 3 weeks later...

48 East in the Rainey area has secured a construction loan and construction should start by summer. It's a 33 story tower with 249 condos for sale.  It also has 274 parking spaces across nine levels, and high-end amenities including a rooftop pool, viewing deck and fitness facility. Units will be as small as 456 square feet and average about 851 square feet 

 

 

imgur

 

imgur

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  • 2 weeks later...

The 3 projects NW of the Capitol that are in the pipeline.  Photos from austin.towers.net.

17th_map-780x567.jpg

 

 

17th Street Condos (27 fl - 319 ft)

https://austin.towers.net/heres-our-first-look-at-the-condo-tower-headed-for-17th-and-guadalupe/?agent=caitlyn@towers.net

17th_street_condos_rhode_partners.jpg

 

 

Hilton Garden 17th Street Hotel (18 fl - 230 ft)

https://austin.towers.net/west-17th-street-hotel-brings-height-to-downtowns-northern-gap/?agent=caitlyn@towers.net

HRI_West_17th_Hotel_collage-e15355787951

 

 

Travis County Civil & Family Courthouse (13 fl - 239 ft)

https://austin.towers.net/heres-a-closer-look-at-travis-countys-new-downtown-courthouse/?agent=caitlyn@towers.net

travis_courthouse_updated_rendering.jpg

 

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Guest Lobo

This is where the white building is set off Chavez, right?   The one that looks like it musta been the exterior of the warehouse in “Reservoir Dogs”?

appropriate given the fact somebody on the inside is gonna give somebody up.  

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