Developers are looking to rezone a property currently home to the Bicycle Sport Shop on Barton Springs Road and South Lamar Boulevard. If successfully rezoned as a planned unit development, the lot would be redeveloped as a nine-story building with 400 residential units and a ground floor with mixed commercial use. The project at 517 […]
Planning
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Real estate leaders, developers eye start of proposal process for convention center project
Leaders in Austin’s real estate and development community learned plenty about the planned expansion of the Austin Convention Center during a panel discussion last week, but they were left waiting as to when the contracts for design, engineering and contracting work on the facility will be released for proposals and bidding. The May member breakfast […]
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Sixth Street plans could create cushion for new incubator music venues
While new mega-capacity venues such as the Moody Center (capacity 15,000) or the Moody Amphitheater (5,000) attract high-ticket tours from established performers, the smaller clubs that can hold 300 people or less are often the most threatened by the city’s hot real estate market as rising rents clash with profit margins that typically top out […]
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Council endorses development bonuses near the Capitol
A rule prohibiting tall buildings near the Texas Capitol may soon be relaxed, opening up a sleepy part of downtown to more development. City Council passed a resolution Thursday that would allow properties currently under the Capitol Dominance Overlay – which limits building height within a quarter-mile of the Capitol – to participate in the […]
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Stream Realty reveals plans for reinventing ‘dirty Sixth’
If the downtown Sixth Street entertainment district is going to achieve a successful transformation in the coming years, the first real glimpse of its future will come from the improvements planned for the north side of the two blocks between Neches and Sabine streets. Dallas-based Stream Realty Partners owns an uninterrupted stretch of properties there […]
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Memo says bonds needed to meet affordability goals for waterfront redevelopment
To reach the goal of bringing about 500 units of affordable housing to the South Central Waterfront District, the city would need voters to approve more bond funds, for as much as $60 million. The prospects for planned affordable housing for the area south of the Congress Avenue bridge were among several issues discussed in […]
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Developer releases proposal to clean up East Sixth Street
Following years of public outcry over the deterioration of East Sixth Street, Dallas-based Stream Realty has stepped forward with aspirations to give the notoriously rowdy block a facelift. Real estate attorney Richard Suttle stopped by last Wednesday’s meeting of the Historic Landmark Commission to share a preliminary look at Stream’s vision. Increasing height and density, […]
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Venue capacity still under negotiation in Austin Opry House rezoning
A proposal to bring back renowned music venue Austin Opry House might have sailed through City Council if not for neighbors concerned about one thing: venue capacity. Because of neighbors fearing traffic and boisterous concertgoers from the proposed 1,200-capacity venue, the rezoning won’t be decided until at least June – nine months after the project’s […]
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Dirty Martin’s among a cluster of businesses slated to be forced out by light-rail line
When Austin voters approved the largest expansion of public transit in the city’s history, they signed up for higher property taxes to help pay for it. But now another cost of Project Connect is coming into focus: the loss of local businesses in the path of a light-rail line. One of the most eye-popping transformations […]
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Council endorses changes to East 11th and 12th street development regulations
Before a troubled history of urban renewal and disinvestment led the city to declare the areas blighted, 11th and 12th streets were once thriving corridors in East Austin’s Black community. Now, the city is shepherding land use changes along the streets to help create a more vibrant, walkable neighborhood. City Council gave initial approval on […]
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Funding gaps, underground parking price tag plague DAC project
The team behind the Dougherty Arts Center replacement project unveiled design plans for the Butler Shores facility to a room full of applause this past Monday. However, the mood following a parallel reveal at the Design Commission was not quite as celebratory. Citing concerns over the project’s financing, the Design Commission postponed approval of the […]
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Downtown Commission wants private developer proposals for convention center expansion
The Downtown Commission wants the city to solicit proposals from private developers to pay for a portion of the expansion and reconstruction of the Austin Convention Center. At last week’s meeting, the commission approved a recommendation asking City Council to direct staff to conduct a request for proposals; specifically the residential or office spaces for […]