Austin Towers focuses on downtown Austin condo development, tracking the top projects currently under construction in the downtown area. As any observer can tell, there are many other downtown projects currently under construction downtown. Whether hotels, dorms, garages, or retail, all of these projects will change the face of downtown Austin
Here is a run-down of other important projects (information provided by City of Austin) which are currently under construction downtown:
Austin Market District, South Block Ph. II
The so-called Austin Market District is a four block zone spanning from 5th street to sixth street on Lamar. This project, on the Southeast corner of fifth and Lamar, involves construction on the garage portion of this second phase of an existing project. When completed, the 2nd phase will add a seven-story parking garage, 10,000 sq. ft. of retail space and 10,000 sq. ft. expansion to Pure Austin Fitness.
Hotel Van Zandt
The site has been cleared and San Diego-based JMI Realty will start construction late this year on a hotel project on Lady Bird Lake. The hotel, which will have 307 rooms, will be operated by San Francisco-based Kimpton Hotels.
Start Construction: November 2008
Gables Park Plaza
Construction has started on this primarily residential project (294 apartments and 185 condominiums), along with 22,000 s.f. of retail and 11,000 s.f. of office and a 5,000 s.f. restaurant.
Completion: Early 2010
La Vista on Lavaca
Construction started in 2007 on this mixed-use building which will have a first floor restaurant, a 3-floor Executive Business Center, and 31 condos (700 s.f. to 2,000 s.f.) on the top floors. Construction, however, has recently stalled without explanation.
Completion: April 2009
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 the 100 Congress. The project (formerly named Altavida) will include 258 rental units and a 5-level parking garage and ground floor lobby, visitor parking and retail space. Five levels of below-grade parking will connect to the existing 100 Congress garage.
Completion: Spring 2009
The project is an apartment development consisting of 169 multifamily units near Congress and Riverside in the South Congress area.
Completion: Late 2008
300 Lamar Boulevard South
Phoenix Property is building a 5-story, 137-unit apartment project with ground floor retail and restaurants, on the site formerly occupied by Binswanger Glass Co.
Completion: Early 2009
The Presidio at Judges Hill
Dallas-based Stonehill-PRM Realty is developing a 45-unit condo on the southwest corner of Martin Luther King Blvd. and West Avenue. Pricing starts at $235,000 with 45 units ranging from 689 to 1915 square feet.* Expected completion date of the model is mid-September with an expected completion date of November 2008. The project is being designed by Allan Nutt Architects, who also designed Piazza Navona in West Campus.
Completion: December 2008
Legacy @ Town Lake
Legacy Partners is constructing a 31-story luxury high-rise residential building, with 187 apartments and 9 live / work lofts at ground level. The site is across the street from the Milago condominium project, at the corner of Rainey and Cummings Streets, adjacent to the Town Lake Hike and Bike Trail.
Completion: October 2008 (first units), complete Feb. ‘09
La Vista de Guadalupe
La Vista de Guadalupe, a 22-unit multifamily development, is going up at 813 E. Eighth St., just east of downtown. The development will have apartments from one to three bedrooms in two buildings, with rents from $300 to $725 per month, targeting a mix of incomes. Each unit will have nine-foot ceilings and full appliances, with designs that maximize energy efficiency. The development aims to provide
housing for residents who are finding it difficult to stay in the East Austin area because of dramatic increases in rents, aiming at families below the median income. La Vista de Guadalupe is owned by Guadalupe Family Community LP. Guadalupe Neighborhood Development Corp., a nonprofit that focuses on neighborhood revitalization and preservation, will serve as the developer and
Alan Robison This is a 7-story, 178 unit multifamily / co-op development.
This is a 16-story, 117 unit private UT housing project with some first floor retail.
John McKinnerney This is a 100-unit multifamily project with ground floor retail.
In addition, AustinTowers continues to report on the following downtown condo projects, all of which are actively under construction or recently completed: