The ATX

Waller Park Place | 3 Towers | 615' & 525' & 333' | 53 & 45 & 26-Stories | Site Demo

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This project has been delayed several times, and last week the developer said the new start date would be late 2016 or early 2017.  Site demolition was completed in April, but there has been no site prep since then.  The site is rather large and six or seven buildings were demolished for it.  Here are some photos of the demolition by Downtown Austin Blog:  

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Lest we forget.  Here are the latest known renderings.  But these aren't the final renderings because they don't match the released height information which is more recent than these renderings from the developer's website:  

Waller-Creek-Project-Austin-The-Sutton-C

Waller-Creek-Project-Austin-The-Sutton-C

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This lonely dead end road is Willow Street.  It was vacated by the city and is in the middle the area that was demolished for this project.  It's apparently being used for parking now.  If the developers are not ready to break ground in the near future, they should level the entire site for parking.  This is in the Rainey St. District which is gridlocked with partiers on weekends.  The parking fees would amount to a small fortunate   

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Don Mason on Flickr

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This stale project had long since dropped to the bottom of the second page, and the site plan was set to expire in May.  But there have been two pieces of news this week that give it new life.  First, a site plan extension good through May, 2021 was filed.  The second is that the Austin Business Journal is reporting that the original local developer - Sutton - has sold their interest in the project to NYC based McCourt Global.  McCourt Global was an equity partner in the project.  Sutton typically announces grand plans for a site and gets entitlements for the project, but then flips the site to another developer rather than building anything.  Sutton was also the original developer on the neighboring site where twin 55-story projects have been proposed by a Dallas developer.  

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The Austin Business Journal is reporting today that NYC based McCourt Global is trying to kick start this stalled $1 billion project and is actively seeking partners while the site plan extension is still going through the City's approval process.  But the ultimate project may vary from the current site plan.  From the article:  

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Originally the Waller Park Place proposal was envisioned as 1.4 million square feet, including 300,000 square feet of office and 473 residential units, according to city records. A trio of towers — 26, 53, and 45 stories at last count — would feature for-sale condos, retail and above-grade parking. There would also be 135,000-square-foot hotel.

However, those plans will likely change, especially now that McCourt is looking for new partners.

 

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