If you take the new light rail from downtown, the first stop is at Plaza Saltillo on 5th and Comal just 8 blocks East of I-35. With a thriving bar and restaurant scene evolving on east 6th street and great new public transportation options, it’s no wonder that developers are headed to the area.
Plaza Saltillo in East Austin
Over the last few weeks, developers have announced preliminary plans to develop two new projects in the area.
First up is a 40-unit mixed-use condo development is planned at East Seventh and San Marcos streets. Earlier this month, the City Council unanimously approved a development bonus for the project in exchange for a commitment from the developer to provide affordable housing units as part of the condo project.
Nearby, a second project is in the works. On East 6th and Waller streets, a 40,000 square foot boutique hotel is currently on the drawing boards.
In the future, a 10 acre site owned by Cap Metro could also be sold for development.
As one of only five red line stops in the City of Austin — and the closest stop to downtown, Plaza Saltillo is ripe for future transit-oriented development. With an evolving dining, shopping, gallery, and bar scene in the area, development is likely to greatly accelerate over the next few years.