Two long awaited projects, 7 Rio and Block 51, are very near beginning construction in downtown Austin.
At the start of April, contractors filed paperwork in order to close the sidewalk at W 7th and Rio Grande to excavate in order to begin construction of 7 Rio.
There was much rejoicing when, in December, news spread that 7 Rio’s site plan had been approved. But when it comes to projects with a history like 7 Rio’s (languishing for almost five years) nothing is ever certain until shovels are in the ground.
When completed the 24-story building will bring about 221 multi-family rental units.
A few blocks south, constructors have filed paperwork to raise a crane at Block 51, across the street north from the new federal courthouse and begin construction there.
In February, Austin Towers posted that groundbreaking was set for March, after the developer hit a snag with getting an approved traffic control plan and an erosion plan for site construction.
The estimate, which was based on an application for utility work, was off, but not by much.
Plans call for 13 stories and 195,000 square feet of office, anchored by IBC Bank. If you recall, initially the developers planned to break ground this last December.