When the proposed Austin Fairmont mega hotel project swooped in to the news a couple years ago, snatching the spotlight from the JW Marriot mega hotel, there was a healthy dose of skepticism about it would get off the ground. A lack of visible activity on the site has been quietly stoking perceptions that the…
News
Austin real estate news combined with editorial and opinion.
Taco Cabana redevelopment on South Lamar enters third proposal
The Taco Cabana redevelopment, known as 211 Lamar, is upping its ante: betting on a nine story, 175-unit building, instead of a 135-unit, five story building as last envisioned by the developer. This is the third public proposal for the site by the developer, which is a partnership between Post Investment Group of Los Angeles and Ascension Development of Dallas (pdf). The new plan incorporates about…
Cypress Getting Ready to add to LakeShore Pearl along Lady Bird Lake
As the Lakeshore Pearl apartment construction wraps up on the south shore line next to Riverside Drive, Cypress Development is prepping the next phase of the Lakeshore PUD development. The Lakeshore PUD is next door to, but distinctly separate from the SouthShore development, in case you’re confused. The next phase of Lakeshore will be a 285,000-square-foot,…
What Is Cirrus Logic Planning For Downtown Austin?
Cirrus Logic, which derives the majority of its sales from supplying Apple components, is making a big play for downtown Austin and is in the news for purchasing a half block west of its new headquarters. However, its plans for the real estate are less than crystal clear. The Austin American-Statesman, at least, is terming…
IBC Bank Tower (Block 51) Set For March Groundbreaking After Delay
In June 2012, Endeavor gave us the first look at the IBC Bank building planned on Block 51 across the street north from the new federal courthouse, which is slated for 13 stories and 195,000 square feet of office (and a little restaurant) space. When they did, the Statesman reported developers planned to break ground…
Development spurring across water from City Hall
The paved no man’s land that occupied the sprawling parking lot next to the former Chamber of Commerce building on the south shore across from downtown Austin is no more. The Austin Business Journal provides a first look at renderings for the $68 million, 300-unit StreetLights at Barton Springs apartment building taking some of the space and under…