Downtown Austin Development Update

Below, find a no-spin update on various development projects happening in Downtown Austin, organized by type of project, and then by alphabetical order.  There’s been lots of press about proposed condo projects, but as I write this there is only one active crane attached to a condo project: Seaholm.

Apartments

1) Aspen Heights Apartments
Status: under construction
Location: Intersection of 8^th and Nueces

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2) Millennium Rainey Street
Status: under construction
Location: Intersection of Driskill and Rainey

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3) Northshore Apartments (Estimated Completion – Q4 2015)
Status: under construction
Location: 110 San Antonio Street (@ Cesar Chavez)

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Construction began mid-February on the first project on the site of the former Thomas Green Water Treatment Plant, aka. “Block 1”.

440 apartments for lease
~23,500 sq. ft. of office
~14,900 sq. ft. of restaurant
~13,900 sq. ft. of retail.

4) Seven Apartments
Status: complete
Location: 615 W 7th (@ Rio Grande)

Interior Photos

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Hotel / Combination

1) Austin Proper
Status: proposed
Location: 202 Nueces (@ 2nd Street extension)

2) Holiday Inn Express / Hotel Indigo
Status: under construction
Estimated completion: Fall 2015
Location: 8^th and Neches

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Architect: Mitchell Carlson Stone Inc. of Houston
Notable: The two hotels will have separate entrances: the 167-room Holiday Inn express will be accessed on Neches Street, and the 133-room Hotel Indigo’s entrance will be on Ninth. Hotels will be operated jointly by Intercontinental Hotels Group.

3) Fairmont Hotel
Status: under construction
Estimated completion: Summer 2017
Location: northeast corner of Cesar Chavez @ Red River

Developer: Manchester Texas Financial Group
37 stories (plus 4 levels of underground parking)
1,066 rooms
Notable: The hotel will have a direct connection to the Austin Convention Center through an elevated walkway / skywalk.

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4) Hotel Van Zandt
Status: under construction
Estimated completion: Summer 2015
Location: 605 Davis St, 78701

Exterior is mostly complete. Construction still occurring on front entrance.

Developer: San Diego-based JMI Realty
326 rooms
Operator: San Francisco-based Kimpton Hotels.

5) Hotel Zaza / Gables Republic Square Apartments
Status: Site prep
Location: northeast corner of 4^th @ Guadalupe

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Demolition and site preparation have started.
24 stories
216 apartments for lease
160 hotel rooms

6) Hyatt House Hotel (TBD)
Location: 901 Neches

Site prep

10 stories
189 rooms
Extended Stay

Office

1) Cirrus Logic Annex
Status: complete
Location: 605 W 4th St, adjacent to the 360 Condos.

This small office development that houses one tenant: Cirrus Logic’s research facility.

2) Lincoln Properties, 5^th and Colorado Tower

Status: under construction
Estimated completion: Spring 2016
Location: 201 W 5^th St

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Dallas-based Lincoln Property Co. is building a 179,000 sq. ft.; 18-story office building on the southwest corner of West Fifth and Colorado streets in downtown Austin.

3) Colorado Tower (Complete)
Status: Complete
Location: 303 Colorado St

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Developers: Atlanta-based Cousins Properties / San Antonio-based Hixon Properties Inc / Silver Ventures
30 stories
400,000 SF office tower
Street-level retail/restaurant

4) Block 23 Office Tower
Status: under construction
Location: 502 W 2nd  (Green Water Treatment Redevelopment)

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Architect: Gensler
29-stories
500,000 sq. ft.
Two ground-level restaurants

Condo

1) 5th and West
Status: Site prep
Location: northeast corner of 5th @ West Avenue

Turnin’ dirt at Fifth & West

39 Stories
~150 condos for sale

2) 70 Rainey
Status: Proposed
Location: 70 Rainey Street

View from Rainey Street, approximate location of building entrance.

35 Stories
~160 condos

3) Seaholm
Status: under construction
Estimated completion: Winter 2015
Location: 800 W Cesar Chavez

Seaholm as of May 28th. Photo courtesy of Kraig Kujawa.

The 1950’s Art Deco Seaholm Power Plant and the adjacent property is being redeveloped into a high quality, mixed-use attraction. The project features a mix of office space, a Trader Joe’s grocery store (already open!), local retail shops, contemporary condos, special event space, and an outdoor terrace that overlooks Lady Bird Lake. The condo project at Seaholm is SOLD OUT.

4) The Independent
Status: proposed
Location: 3^rd and West

Future site of The Independent. Photo courtesy of Kraig Kujawa.