While the city continues to approve many variances to large downtown projects, there has remained one downtown Austin zoning request request that seems truly sacred: building in the protected zone around Lady Bird Lake. While long-standing rules prohibit construction within 200 feet of the former Town Lake, a new project may soon be built 50 feet closer to the lake than current rules allow.
In a new compromise with community groups, CWS Partners intends to build a scaled-down 8-story project 150 feet from the lake instead of the three 17-story apartment and condo towers with more than 800 units that had previously been proposed. With the support of community groups and a commitment to extend the popular hike and bike trails through the site, the new proposal should fare well as it works it’s way through the standard zoning approval process. This is a productive compromise for both sides and a positive sign for the condo market. With the national housing market in such a weakened state, it is a strong endorsement of the market to see developers work so hard to bring a new project to market.
The proposed CWS project is to built on land currently occupied by long-standing apartments built much closer to the lake. Prior to the release of the current rules in the 1980s (they were revised in 1999), buildings could legally be built much much closer to the shore (as close as 25 feet). CWS prior position was that without their requested variance, they would build two 17-story towers within the legal setbacks and simply remodeling the existing apartments into town homes — a legitimate exception to the setback requirements.
Here is a summary from the Statesman:
In a precedent-setting compromise, developers have agreed to reduce the size of a controversial high-rise residential project on the south shore of Lady Bird Lake and donate land to extend the hike-and-bike trail across the site.In exchange, neighborhood and community groups that had mobilized against the project have made concessions that will allow the project to go forward.The deal reached this week ends a nearly two-year standoff between CWS Capital Partners LLC and the South River City Citizens and Save Town Lake, which had fought to block the project on East Riverside Drive, saying it would violate limits on waterfront development.Austin-based CWS had proposed to build three towers up to 200 feet high and to build within 80 feet of the lake.Under the compromise, the buildings will be no more than 96 feet high, and the project would be set back a minimum of 150 feet from the lakeshore. . . CWS will bring the revised project back before city officials for approvals. With the new agreement, the company will donate 1.5 acres for parkland and extend the hike-and-bike trail, which now stops at the western edge of the site.Miller said it will take four to six months to work through the city approval process and that construction could begin in 2009.