There’s new activity on the site is located across from the Austin Convention Center at Trinity & Cesar Chavez – being called Trinity Tower.
In the current cycle of downtown Austin real estate development, having seen several for-rent towers delivered to the market, it seems like more of the same would be pushing the limits of what the market could bear without depressing rents. The other option for a residential tower is to sell the units as a condominium. Coming off of Seaholm being 100% reserved in 2-3 days, it’s not surprising that after years of being ignored, developers are starting to revisit condos as a viable option.
So, it’s notable that in the public filing by engineering firm Doucet & Associates that “sales office” is expressly referred to.
Maybe there’s nothing to read into and this language is unintentional – a simplification for the purposes of the application. But, why not “marketing office” or “rental office”? If it were to be condo, even at 39 stories, the Lakeside apartments (southerly adjacent) inevitable redevelopment into something taller could be a question mark for buyers. The ideal situation would be to master plan the two sites.