Downtown Austin Development 2007

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Information about Downtown Austin Development 2007

Published on September 4, 2007

Author: DeeinAustin

Source: slideshare.net

Description

DeeinAustin presents a development overview Downtown Austin for 2007-2008. Keep up with this topic at TexasRealtyBlog.com!

City of Austin- 2007 Downtown Development Visit TexasRealtyBlog.com for More Info Provided by City of Austin- Downtown Development Website Read more at http://ci.austin.tx.us/downtown

SMART GROWTH By 2010, Austin’s population will growth to 800,000. To handle this growth, Austin has implemented their “Smart Growth” Initiative. Smart Growth is the City’s vision to grow responsibly, protect parks and sustain our water sources. Read about Smart Growth at http:// ci.austin.tx.us/smartgrowth

SMART GROWTH MAP CONTACT US FOR THE FULL-SIZED PDF!

DEVELOPMENT CONCEPTS Austin is focused on Transit Oriented Development (TOD). Transit-oriented development is a concept that allows cities to contain congestion that rapid growth creates. Read more about Transit Oriented Development at http://ci.austin.tx.us/ development See upcoming commuter rails at http://AllSytemsGo.capmetro.org

R M 620 620 CR 122 O'C TOD DISTRICTS RM O NNE B3 R DR ' 5 LV FM 168 Northwest Park & Ride D KB E RE C P 2 CU North IH-35 Park & Ride 18 TE US R B UT RD Lamar Blvd./Justin Lane 183 CO C 0 CO RD 7 CR 1 MLK Jr. Blvd. R 45 17 LAK E LINE 0 172 Plaza Saltillo B LV D Urban RD Convention Center IH 3 C O R D 182 IL 5 Commuter 20 NE 6 RM District Boundary MC Rail FUTURE TRANSIT RD ILL M ON Urban Commuter Rail RS FM RD DE C AN O 18 25 18 Rapid Bus Starter Line 7 WELL Y D PA IL R PK 183 S R NE AN MC M B CH ER R LA N E JO LL DR YV T IL RS DU L E VA HE L RD RD AM 1 D B LV IC AD TR RO ME D U B LV SA Rapid D ES AR LA M Bus RM 22 E 22 DRIV DR A I ELD S RUN D ME ST BE ECK KF R RG 35 VE LN PA A S SAU RD 183 GIN DE RD DR MESA JU S 1 TIN LN OP LO 222 2 RM US 290 E 1 OE 290 N IG K LA 51 0 S 36 T ST DR P RM N LOO MA 22 77 Boundaries for the Oak Hill, 44 RK 31 BE RD Highland Mall and S. IH-35 FM R AIR NO Park-N-Ride TOD districtsU to PO B MA RED TR D be established during station RT E 51 S T BLVD area planning. BE E 24TH ST CA BLVD V MLK JR EN E 1 F IE RD LD P O RD ST LO 12 TH 6T H ST FM 1S ST T 96 7T H 9 ST Area Shown E1 st S T IH 35 City of Austin 5,000 0 5,000 10,000 1 O Feet P LO Transit Oriented Development (TOD) Districts Produced by City of Austin Neighborhood Planning and Zoning Dept. April, 2006 tod_districts_staffopenhouse8.5x11.mxd

DOWNTOWN AUSTIN Downtown Austin was previously considered a commercial area where you can work, but not live. The City of Austin is committed to growing residential in Downtown. Zoning and Design changes allowed new residential and mixed-use retail projects to boom in Central Austin. Stay updated at http://ci.austin.tx.us/ downtown.

Downtown Austin Emerging Projects July 31, 2007 Under Construction Commercial C41 Texas Auto Dealers Association The major tenant for this new 80,000 s.f. office building will be the Contact: Jerry Reed Texas Auto Dealers Association (TADA). Development 2000, Inc. 306-0100 Residential R4 Red River Flats Completion: 2008 Greystar Real Estate Partners, LLC of Irving is building a four-story, 124-unit multifamily project, on the site of the former Reddy Ice plant Contact: on Waller Creek, in the Red River Street entertainment district. Greystar Real Estate Partners, LLC (469) 955-0058 R9 AMLI on 2nd Completion: March 2008 (first units Oct. 2007) AMLI Residential is under construction on an 18-story highrise residential project in the 2nd Street District. The project, two blocks Contact: Taylor Bowen west of AMLI Downtown, their first project in downtown, will have 231 AMLI Residential Properties residential units in a mixed-use building with street level retail and 972-381-2817 restaurant, and above-ground parking. http://www.amli.com/Home/Default.aspx R22.1 The Monarch Completion: April 2008 The Monarch, ZOM's project in Austin, will be the first among the Contact: city's current crop of downtown condominium projects to come to Monarch Condomiums Sales market with residences available for move-in by early 2008. This 512-351-7070 29-story luxury high-rise condo is located on West 5th Street, less than a block from the Whole Foods flagship store, in Austin's Market http://www.monarchcondominiums.com/ District. Featuring 305 contemporary residential units and over 9,500 square feet of street-level retail, The Monarch was designed to accommodate a demographically and economically diverse population. With residences ranging in size from 681-3,530 square feet, the property offers broad appeal to families, single professionals, empty nesters and more. Designed by RTKL, an international architecture, engineering and planning firm, the 320-foot building creates an architectural statement by blending sleek, modern design with an earthy local appeal. R24 La Vista on Lavaca Completion: Late 2008 Construction started in 2007 on this mixed-use building which will have a first floor restaurant, a 3-floor Executive Business Center, and Contact: Mary Guerrero-McDonald 31 condos (700 s.f. to 2,000 s.f.) on the top floors. Guerrero-McDonald & Associates 327-2166 http://www.lavistaonlavaca.com/ R27 Goodwill Site (Phoenix Property Co.) Completion: Late 2007 Dallas-based Phoenix Property Company, the developer of 404 Rio Grande, is building a 5-story warehouse-style apartment building at Contact: Greg Jones the former site of Goodwill Industries at Third Street and Lamar Phoenix Property Co. Boulevard. The project will have 126 units. 214-880-0350 NOTE: This database has been produced by the City of Austin for the sole purpose of aiding planning decisions and is not warranted for any other use. No warranty is made by the City regarding its accuracy or completeness.

Page 2 Downtown Austin Emerging Projects – July 31, 2007 R28 Altavida Completion: Fall 2008 first units MetLife Inc.'s Dallas office has teamed with The Hanover Company of Houston to build a 36-story tower on the half block lot just west of Contact: Ed Hamilton the 100 Congress. The tower will include 258 rental units and a The Hanover Company 5-level parking garage and ground floor lobby, visitor parking and 713-267-2100 retail space. Five levels of below-grade parking will connect to the existing 100 Congress garage. R31 Robertson Hill Apartments Completion: May 2007 (first units); complete late 2007 Houston developer Martin Fein Interests Ltd. is building a 283-unit luxury apartment complex on San Marcos Street between Ninth and Contact: Tim Wooten, Executive Vice President 11th streets. Martin Fein Interests Ltd. (713) 684-1150 R38 The Shore Completion: Early 2008 (first units late 2007) High Street Rainey, L.P., a subsidiary of Dallas-based Trammell Crow Co., is constructing a high-rise tower for condominiums, with Contact: Jamil Alam other associated improvements. Construction of the project, in the High Street Residential Inc. “Waterfront District” (as dubbed by Trammell Crow) at Davis and Red (512) 482-5575 River streets, started in June. The 22-story project will include 192 condominiums units over five parking levels. Prices are expected to http://www.theshorecondos.com range from $145,000 to $1.3 million. The project will be linked to a planned adjacent Kimpton hotel (C42) by a sixth floor terrace. R40 Riverside Resources The project is a mixed-use development consisting of 145 multifamily Contact: Jeremy Smitheal units with retail and live/work space. Riverside Resources 476-7806 R41 360 Completion: 1st quarter 2008 (first units) This project is a 580 foot tall (44 story), 432 unit high-rise residential tower with 15,000 s.f. of ground floor restaurant and retail space, on a Contact: Taylor Andrews site overlooking Shoal Creek in the southwest quadrant of downtown. Novare Group Holdings LLC / Andrews Urban LLC 499-8832 http://www.lifesurroundsyou.com/ R43 Spring Completion: late 2008 Construction started in July 2007 on a 42-story, $60 million condo tower in the southwest quadrant of downtown, two blocks south of Contact: Spring Austin Partners, Ltd. Whole Foods Market's flagship store. The project will have several 472-8118 levels of parking above and below ground, plus shops on the ground floor with 20-foot sidewalks shaded by awnings. Plans call for 263 http://www.springaustin.com/ units, priced from around $230,000 to $400,000, with most units selling for around $250,000. R48 Bridges on the Park Completion: mid 2007 Dallas-based CLB Partners LLC is building a $50million condominium and retail project on South Lamar Boulevard, just south of Town Contact: Bobby Nail Lake. The six-story condominium building will include 105 CLB Partners condominiums, an outdoor pool, courtyards and 9,000 square feet of 472-1118 street-level retail. The Paggi House restaurant, housed in a http://www.clbpartners.com/projects/detail.php?ty 160-year-old building, will be incorporated into the project. Units will cost from the upper $200,000s for an 850-square-foot unit to about pe=state&list=45&id=18 $550,000 for 1,650 square feet. A second phase, with more condos and shops, could begin in several years on land now home to Taco Cabana. NOTE: This database has been produced by the City of Austin for the sole purpose of aiding planning decisions and is not warranted for any other use. No warranty is made by the City regarding its accuracy or completeness.

Page 3 Downtown Austin Emerging Projects – July 31, 2007 R53 The Presidio at Judges Hill Completion: 2008 Dallas-based Stonehill-PRM Realty is developing a 44-unit condo on the southwest corner of Martin Luther King Blvd. and West Avenue. Contact: Jim Brownlow, President The five story project should break ground in July. Units are Stonehill-PRM Realty expected to sell for $350,000 to $450,000. The project is being 469-916-5842 designed by Allan Nutt Architects, who also designed Piazza Navona in West Campus. http://www.prmrealty.com/stonehill.html R54 Brazos Place Condominiums Completion: June 2007 (first units), complete December Pomeroy Investment Corp. is converting the 14-story office building at 2007 800 Brazos, formerly called One Commodore, into a mixed-use development comprised of 74 condominium units, up to four floors of Contact: Jerry Reinhart, President and CEO office space and ground-floor retail. Residential units in the Pomeroy Investment Corp. development will range from 600 to 1,400 square feet with prices (248) 723-2100 starting under $200,000 up to around $400,000. Delivery of units is expected to begin in June 2007. http://www.brazosplacecondos.com/home R59 Legacy @ Town Lake Completion: Sept. 2008 Legacy Partners is constructing a 31-story luxury high-rise residential building, with 187 apartments and 9 live / work lofts at ground level. Contact: Spencer Stuart, Jr., Senior Vice President The site is across the street from the Milago condominium project, at Legacy Partners Residential Develpment, Inc. the corner of Rainey and Cummings Streets, adjacent to the Town (650) 571-2200 Lake Hike and Bike Trail. R64 Sabine on Fifth Completion: Early 2008 CWS Capital Partners LLC is transforming a 10-story building of mostly empty offices into 80 condominiums. Prices for the smallest Contact: Greg Miller one-bedrooms, with about 700 square feet, will start in the Vice President for Investment mid-$190,000s; the highest-priced units, with over 1,400 square feet, CWS Capital Partners LLC will be in the mid-$500,000s. The building, at the northeast corner of 512-837-3028 Sabine and East Fifth streets, connects to the Hilton Garden Inn by a pedestrian bridge that crosses Waller Creek. City of Austin A8 Mexican-American Cultural Center (MACC) Completion: September 2007 (Phase I) The 126,000 s.f. Cultural Center is dedicated to the preservation, creation, presentation and promotion of Mexican-American cultural Contact: Kalpana Sutaria, Public Works arts and heritage. Phase I includes an outdoor plaza and a two-story City of Austin structure to house offices with classrooms/meeting rooms. A 974-7225 multi-purpose building is under construction that will seat 300 people for a performance or 150 for a sit down dinner. Associated surface parking and landscaping will also be part of Phase I. Ultimately a large 800 seat theater, a small 300 seat theater, the outdoor Plaza, and the two story education, exhibit, rehearsal and office building and a two story parking garage will be built.` A12 Town Lake Park, Phase II Completion: August 2007 The construction of the second of four phases of the 54+ acre urban park started in February 2006. Phase II of the park will redevelop the Contact: Lora Teed old city coliseum site with an interactive fountain designed by artist City of Austin, Donald Lipski. Parking for approximately 60 park visitors will be Public Works Department provided just north of the Dougherty Arts Center. There will be an 974-7025 observation hill created for viewing, lots of landscape planting, a lagoon with water collected from the new Palmer Events Center, restrooms and a spiral garden area designed by a local artist team lead by Beverly Penn and funded by the Junior League of Austin as donation to the park. NOTE: This database has been produced by the City of Austin for the sole purpose of aiding planning decisions and is not warranted for any other use. No warranty is made by the City regarding its accuracy or completeness.

Page 4 Downtown Austin Emerging Projects – July 31, 2007 University of Texas UT3b Jack S. Blanton Museum of Art - Education Building Completion: Spring 2008 The Blanton’s state-of-the-art new facility, located near the heart of the city at Martin Luther King Boulevard and Congress Avenue, Contact: Jessie Otto Hite, Director opened in April 2006. Composed of two buildings that face one The Jack S. Blanton Museum of Art another across a landscaped pedestrian passageway and plaza, the University of Texas at Austin new facility will create an inviting public gathering space and form a 512-471-9212 gateway between the historic university campus and the Austin community. The 124,000-square-foot Mari and James A. Michener http://www.blantonmuseum.org/ Gallery Building houses the museum’s collections and exhibitions. The 56,000-square-foot Edgar A. Smith Education, Visitor and Administration Building, opening in Spring 2008, will be the center of the museum’s programs that serve a range of audiences, including university students, school children and the public. It will house administrative offices, an 299-seat auditorium, three classrooms, a cafe and a bookstore. UT4 UT Executive Education and Conference Center Completion: Spring 2009 The conference center plans call for 70,000 square feet of conference space, 300 hotel rooms, and an underground parking Contact: Pat Clubb garage for 1,000 vehicles. The conference center will have a Vice President for Employee and Campus 250-seat amphitheater, three classrooms and 12 other rooms. Services University of Texas at Austin (512) 232-7742 Capital Metro CM2 Capital Metro All Systems Go! Urban Commuter Rail Completion: Late 2008 Capital Metro’s 32-mile Downtown / Northwest rail line will run from Leander to the Austin Convention Center in downtown Austin. Contact: John Almond Construction is underway, and service will start in late 2008. As part Capital Metropolitan Transportation Authority of the All Systems Go! plan, Capital Metro is evaluating future 338-2767 transportation options to connect more of the community to these new services, under a project called the Future Connections Study. http://allsystemsgo.capmetro.org/ Non-Profit-Arts-Other O4 Joe R. & Teresa Lozano Long Center for the Performing Arts Completion: March 2008 Construction is well underway on this project that is transforming the former Palmer Auditorium into a multi-theater performing arts center Contact: Stan Haas to provide performance and rehearsal facilities for all of Austin's TeamHaas Architects performing artists. The center will be the permanent home to Austin 478-1150 Symphony Orchestra, Ballet Austin, and Austin Lyric Opera. In addition, world-class performance facilities will be available for the full http://www.artscenterstage.org/longcenter/ range of Austin's other performing artists and arts organizations. The main 2,400-seat Dell Hall will feature two balconies; the smaller Rollins Studio Theater will be a flexible, 43’ x’ 60’ space that will seat up to 240. O11 Austin Music Hall Completion: Late 2007 Reconstruction of the hall includes a modernist exterior, a late-night restaurant, an increase in overall admission capacity from 3,000 to Contact: Tim O’Connor 4,000, and a new sound and light system, with LED screens Direct Events throughout the venue. The overall square footage will increase f

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