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‘Another One’ by World Class Capital

James Rambin January 17, 2019 Comment

World Class Capital Group, an Austin-based real estate investment firm, boasts perhaps one of the most enviable property portfolios in the downtown area. Needless to say, they own a lot. Though their acquisitions have occasionally drawn controversy, the company’s most visible impact on the downtown area at the moment is via the banners they hang on the side of the vacant buildings they’re marketing for lease or planning to develop in some fashion — even though that second one hasn’t happened just yet, unless you count the banners. (They did renovate the Spaghetti Warehouse building into the Capital Grille quite a while ago.)

Photo by James Rambin.

These banners have grown so ubiquitous throughout downtown that World Class has started riffing on it themselves — some of their most recent purchases display a banner that simply reads “Another One” in the company’s recognizable typeface. We’d probably choose a different meme for our banner joke that doesn’t date back to 2015, but the firm and its CEO Nate Paul have a reason to be a little cocky — they’re worth quite a lot of money, after all.

Still, it feels like you can’t walk down the street in downtown Austin without coming across a World Class banner, and after a certain point, we just started taking pictures of them. Post a comment if there’s “another one” we missed, and we’ll add it to the list. We’re not trying to put together a list of everything the company owns, mind you — just the banners. Don’t we love those banners, folks?

601 Rio Grande Street

The site of the former Rio nightclub is now World Class territory, though it hasn’t come without a fight. Photo by James Rambin.

Hirshfeld House – 303 and 305 West Ninth Street

World Class actually owns the entire half-block bound by Guadalupe, West Ninth, Lavaca, and Eighth Streets, not just the historic home at 303 and 305 West Ninth Street seen here. Photo by James Rambin.

Capital Grille – 117 West Fourth Street

World Class Capital owns the Capital Grille at 117 West Fourth Street — that’s synchronicity, baby! Photo by James Rambin.

Koppel Building – 318 Congress Avenue

The historic J&S Koppel building is owned by world class, and it’s one of the first places the whole “another one” thing showed up. Photo by James Rambin.

422 Congress Avenue

This corner at Congress Avenue and Fifth Street, also “another one,” was the site of nightclub Ethics Music Lounge before World Class purchased the property — there was a bit of a dustup over that one. Photo by James Rambin.

Phillips Building – 105 East Fifth Street

The Phillips Building was formerly the site of Kingdom, the other nightclub shut down after World Class’ purchase that generated controversy. Photo by James Rambin.

222 East Sixth Street

World Class owns Recess Arcade Bar at 222 East Sixth Street, located at the corner of Sixth Street and San Jacinto Boulevard. Photo by James Rambin.

99 Trinity Street

World Class has owned the warehouse at 99 Trinity Street since 2012, and allegedly planned to build a tower there until it didn’t happen. Photo by Travis Doss.

504 East Fifth Street – Carmelo’s Site

The site of former Italian restaurant Carmelo’s and its adjacent parking lot was slated to become a residential tower, but after World Class purchased the property in 2018, its future is unclear. Photo by James Rambin.

900 Cesar Chavez Street

World Class owns some land facing I-35, including a parking lot, at 900 East Cesar Chavez Street. Photo by Travis Doss.

901 East Cesar Chavez Street 

World Class also owns the former pawn shop at 901 East Cesar Chavez Street, right next to I-35. Photo by Travis Doss.

501 Waller Street

World Class owns an industrial building at the corner of Fifth and Waller Streets. Photo by Travis Doss.

1216 East Sixth Street

World Class owns the industrial building at the corner of Sixth and Attayac Streets. Photo by Travis Doss.

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Filed Under: Blog Tagged With: 78701, architecture, city life, development, real estate

About James Rambin

James is an Austin native, but tries not to brag about it. Email him anything at james@towers.net.

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