• Skip to main content
  • Skip to primary sidebar
  • Skip to footer

TOWERS

Austin city life since 2007.

  • News
    • Condo Projects
    • Neighborhoods
  • Listings
    • Austin Condo Guide
  • Newsletter
Search
You are here: Home / Blog / Plaza Saltillo redevelopment steps over line from dream to reality
Search suggestions: condos for sale • rainey street

Plaza Saltillo redevelopment steps over line from dream to reality

Jude Galligan December 2, 2015 Comment

The scope of construction for East Austin’s Plaza Saltillo seems to be finalized, and now includes a previously unannounced 120,000 square-foot office building.

Media reported in August that Capital Metro and Endeavor remained at odds over finalized terms, but site plans filed a few days before Thanksgiving indicate they pinky swore on a deal. The result will be: 1) a new office building, 2) some 800 apartment units, 3) a 55,000 square-foot grocery store, 4) plus 73,000 square feet of sit-down restaurants, 5) and another 11,000 square feet of retail.

Screen Shot 2015-12-01 at 1.01.14 PM

The scale of Plaza Saltillo is huge, covering five blocks of barren railroad alignment, there are no words that can adequately articulate how it this development will reshape Austin’s urban core.  After all, it is not every day (every lifetime, frankly) that 10 acres of undeveloped land opens up in the heart of a vibrant city.  And, it will continue to be a catalyst of ancillary development.

While Plaza Saltillo may become the focal point once construction begins, the market for East Austin condos is already burgeoning. The 2.1 acre tract just east of Plaza Saltillo at “Fourth &” is under development to bring 130,000 square feet of live/work condominium units, and street level commercial space.  Meanwhile neighboring Eastside Station, a 300-unit apartment building is slated to opening late 2015 and across the street, the Arnold Oil Redevelopment is underway on a three-acre lot, with a proposed 90,000 square feet of office space and 330 apartment units.

Screen Shot 2015-12-01 at 12.45.47 PM

The vision/conceptual plan is by Torti Gallas and Partners. Michael Hsu is the lead local architect, so the aesthetics will match the design sensibilities of his other popular projects, including the 04 Mixed-Use Development (Perla’s), and Lamar Union.

Before breaking down the details on the final Plaza Saltillo development, I’ll venture a guess that the office tenant will be a major tech company. I find it peculiar that there was no office space envisioned when Endeavor pitched to become the site developer, which leads me to believe the office space is not being built on spec, but on the signed line of an anchor tenant. Further, I’ve heard recently from a credible source that a major Fortune 500 tech giant is flirting with a sizable investment in Austin’s urban core.  Again, this is just a semi-informed guess, but there you have it.

endeavor-plaza-saltillo-mix

Ok, here is the breakdown of the planned development listed in freshly-submitted city records:

Block 1:

  • 160 apartment units
  • 55,000 sq ft supermarket
  • 38,000 sq ft restaurant
  • 120,000 sq ft office

Block 2:

  • 191 apartment units
  • 2,000 sq ft retail
  • 13,000 sq ft restaurant

Block 3:

  • 191 apartment units
  • 4,000 sq ft retail
  • 11,000 sq ft restaurant

Block 4:

  • 158 sq ft apartment units
  • 4,000 retail
  • 11,000 restaurant

Block 5:

  • 5,000 sq ft restaurant

Block 6:

  • 100 senior housing units
plaza-saltillo-redevelopment-east-side

Conceptual Site Plan by Torti Gallas and Partners (the ugly mark up by AustinTowers.net)

For comparison’s sake, here is the breakdown that Endeavor included in its initial vision, which narrowly won favor with the Cap Metro board over rival teams at Riverside Resources, and another that paired Austin’s Constructive Ventures with Dallas-based Trammell Crow Co.

-Jude

Related

Filed Under: Blog

About Jude Galligan

Publisher of TOWERS.net. Real estate broker. Advocate for compact and connected city planning. Email: jude@towers.net

300 Bowie Street #703
Austin, TX
Photo of 300  Bowie Street #703, Austin, TX 78703 (MLS # 1326444)
$699,980
31
  • Lot Size
    101 sqft

  • Home Size
    983 sqft

  • Beds
    2 Beds

  • Baths
    2 Baths

View Virtual Tour
Previous Post: « Pressler Park details emerge: 112 apartments planned
Next Post: Demolition of Brinks as Homewood Suites Hotel Prepares Site For Construction »

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

  •  Schedule a showing

FEATURED Listings

44 East Avenue #2205
Austin, TX
Photo of 44  East Avenue #2205, Austin, TX 78701 (MLS # 8345255)
$1,475,000
29
  • Lot Size

  • Home Size
    1,232 sqft

  • Beds
    2 Beds

  • Baths
    2 Baths

555 E 5th Street #725
Austin, TX
Photo of 555 E 5th Street #725, Austin, TX 78701 (MLS # 9482800)
$545,000
20
  • Lot Size
    88 sqft

  • Home Size
    817 sqft

  • Beds
    1 Bed

  • Baths
    1 Bath

View Virtual Tour
48 East Avenue #2210
Austin, TX
Photo of 48  East Avenue #2210, Austin, TX 78701 (MLS # 5004162)
$1,569,500
38
  • Lot Size
    17,904 sqft

  • Home Size
    1,277 sqft

  • Beds
    2 Beds

  • Baths
    2 Baths

300 Bowie Street #703
Austin, TX
Photo of 300  Bowie Street #703, Austin, TX 78703 (MLS # 1326444)
$699,980
31
  • Lot Size
    101 sqft

  • Home Size
    983 sqft

  • Beds
    2 Beds

  • Baths
    2 Baths

View Virtual Tour
619 Tillery Street #B
Austin, TX
Photo of 619  Tillery Street #B, Austin, TX 78702 (MLS # 4009706)
$839,619
30
  • Lot Size
    3,050 sqft

  • Home Size
    1,796 sqft

  • Beds
    3 Beds

  • Baths
    3 Baths

austin condo report

Featured Buildings

  • 360 Condos
  • Austin City Lofts
  • The Independent
  • The Shore Condos
  • 70 Rainey

Footer

LEGAL NOTICE

TREC Information About Brokerage Services (pdf)

Texas Real Estate Commission Consumer Protection Notice


TOWERS realty

Austin Condos For Sale

Agents

Downtown Buildings

Luxury Towers

  • Four Seasons Residences
  • W Hotel & Residences
  • The Austonian
  • 5 Fifty Five at Hilton

Most Popular

  • The Shore
  • 360 Condos
  • Seaholm Condos
  • Spring Condos
  • Milago Condos

New Construction

  • The Independent
  • 70 Rainey
  • Austin Proper
  • Fifth & West

Loft Style

  • Austin City Lofts
  • Brazos Place
  • The Sabine
  • Plaza Lofts
  • Avenue Lofts
  • Brazos Lofts
  • Brown Building

Resources

  • Austin Condo Guide
  • Condos For Sale
  • Condo Buyer FAQ
  • Property Search

Featured

Archives

Newsletter · About · Contact Us · DMCA · Privacy Policy · SLAPP · Copyright © 2007-2022 TOWERS.net · All Rights Reserved
 

Loading Comments...