North Lamar development picks up at Triangle
It’s not just downtown that is building, cranes are also popping up on North Lamar, building luxury residential rentals near North Loop.
Two projects underway now just blocks from each other – the Triangle Tract 5 and Camden Lamar Heights – will add about 600 new residential units between the Triangle development and North Loop.
The Camden North Lamar project, on the northwest corner of North Loop and North Lamar, is a good example of redevelopment of industrial space in an urban core environment. To make room for the four-story mixed use development, about four single-story commercial/industrial buildings were wiped off the earth.
The Camden includes a six-level parking garage, and is expected to be completed in December of this year.
Just a bit south, on the southern end of the Triangle, work is just getting underway on the Triangle Tract 5 mixed use building, which will add another 275 apartment units. The project will rise six stories, and have four layers of underground parking.
The projects are not the only ones happening as part of the latest in a resurgence of the area, which includes a new rehabilitation hospital, which opened in 2012, and a mixed use affordable housing building, aimed at UT students.
South Lamar continues to increase density
Six apartment projects are currently being planned or are under construction, adding nearly 1,700 apartments in the next few years, in addition to the Alamo Drafthouse multiple use project.
Now developers are planning another 350-unit building, south next door to the Saxon Pub. The project is the second phase of the Post South Lamar apartment building which opened in September 2012 and is 61 percent occupied
Check out previous Austin Towers coverage of the South Lamar boom here.