Downtown Residential Projects

[eastsider]

ZOM Austin I

24 stories with 4 story townhome structure

290 rental residential units

8,140 of street level retail

Groundbreaking scheduled for September 2005

The Milago on Town Lake

http://www.milagocondos.com/

13 stories

240 condominium units

Scheduled for completion in March 2006

721 Congress Avenue

http://www.721congress.com/

6 stories

12 - 14 residential units

Includes office and retail space

La Vista on Lavaca

http://www.guerrero-mcdonald.com/lavista/

8 story mixed use

Ground floor - restaurant/retail

Floors 2-4 - office space

Floors 5-8 - 19 condo units

303 E. 11th St.

6 stories

60 residential units

Topped by a rooftop terrace and cafe

______________________________________________________

Other proposed projects, waiting for more info/renderings.

501 Congress - 41 stories/up to 350 units - thread

101 Colorado - 28 stories/196 units

210 Barton Springs Road - 18-20 stories/179 units

AMLI Phase II - 17-18 stories/280 units

Neches Oak Tower - 8 stories/117 units

Lofts on Shoal Creek - 7-8 stories

The Milan - 6 stories/60 units

Goodwill Site (Pheonix Properties) - 4 stories/154 units

Red River Flats - 4 stories/122 units

[eastsider]

A few more projects have been announced in the last few weeks:

Spring - Thread

36 stories

400' in height

220 condominium units

Construction: begins mid 2006

Novare Group/Andrews Urban project - Thread

40 stories

520' in height

420 condominium units

10,000 sf ground floor retail space

Construction: begins early 2006, complete fall 2007

Trammell Crow project

22 stories (17 residential, 5 parking)

200 condominium units

Construction: begins 3rd quarter 2006

This is a graphic from the Austin American-Statesman showing how the heights of the proposed towers compare to the Frost Bank Tower.

[Florida]

These are some really nice projects.

[eastsider]

The Monarch

update: formerly called ZOM Austin l, see post # 1

27 stories + 4 story townhome structure

297 residental rental units

8,500 sf of street level retail

Groundbreaking scheduled for December 2005

http://www.zomusa.com/custom/zom/new_projects.html

I really like the updated look of this project.

[eastsider]

The Austin Mayor Will Wynn spoke about the "state of downtown" yesterday at the Downtown Alliance luncheon. 900 residential units have been built in downtown Austin in the last five years, with 240 units currently under construction, and 2,000 more units in the planning stages. The Mayor says he expects the downtown population to rise from 5,200 currently to 10,000 within three years and 25,000 in the next ten years.

Austin Business Journal: Retail and residential take off downtown

[downtowndude]

New 192 unit downtown Austin condo project being developed by Trammell Crow Company scheduled to break ground in 6 months. Sales center opens in 3 months, so they look like they are really committed. Great story about the project in this morning's Austin Business Journal. Really cool website. Looks like it is going to have phenomenal views, and right on the hike & bike trail! Check it out (www.theshorecondos.com). Kimpton Hotel may be going up next door. That will really add some great energy to this part of downtown and could be the boost that Rainey Street needs to achieve its vision. It would be great to live in a condo and have all the hotel amenities next door. Trammell Crow builds hi quality stuff. Can't wait to see the pricing on this one.

[eastsider]

Nice find, looks like it will be a great project. The views shown on the website are fantastic!

BTW, welcome to UP downtowndude.

[eastsider]

New 192 unit downtown Austin condo project being developed by Trammell Crow Company scheduled to break ground in 6 months. Sales center opens in 3 months, so they look like they are really committed. Great story about the project in this morning's Austin Business Journal. Really cool website. Looks like it is going to have phenomenal views, and right on the hike & bike trail! Check it out (www.theshorecondos.com). Kimpton Hotel may be going up next door. That will really add some great energy to this part of downtown and could be the boost that Rainey Street needs to achieve its vision. It would be great to live in a condo and have all the hotel amenities next door. Trammell Crow builds hi quality stuff. Can't wait to see the pricing on this one.

The online version of this article:

Austin Business Journal: Kimpton plans Town Lake hotel

This project is much more than what I was expecting to hear, two towers on a 2-acre site! It sounds like to Kimpton Hotel is pretty committed to the project. They are planning a 250 room hotel with possibly some high-end residential on the upper floors.

The Shore will be 22-stories with 192 condo units with prices ranging from $200,000 - $1M. 85% of the units will be between 700 sf - 1,700 sf. Construction will begin in May 2006 and completed in August 2007. The article also says that if the hotel falls through, then a second condo tower will be built.

http://www.theshorecondos.com/

[downtowndude]

Nice find, looks like it will be a great project. The views shown on the website are fantastic!

BTW, welcome to UP downtowndude.

Thanks. This is a great forum. I am looking forward to seeing a few of these buildings actually break ground. It sounds like Zom will be 1st with their for lease product at 5th & West Avenue, and then Trammell Crow may be the next one in line with their condo project. Novarre's project looks cool and they may be the 3rd building to start. Rumor is that Lance Armstrong and Sheryl Crow have reserved a unit in the Trammell Crow project.

[mcheiss]

Welcome to UP downtowndude!!!!

[eastsider]

Mayor Will Wynn, Council Member Brewster McCracken and Williamson County state Rep. Mike Krusee want the city to create a more cohesive, densely packed, walkable downtown by hiring a national firm to craft a downtown planning strategy.

The firm would study just about everything: ways to encourage taller, denser buildings; the potential for redeveloping government-owned land; transit options, such as a downtown streetcar or light-rail system; and infrastructure needs, such as better sidewalks.

The study will take 12-18 months to complete and create the vision for 5-10 years worth of growth in downtown Austin.

Austin American-Statesman: Planners seeking coherent city core

[eastsider]

AMLI Residential Properties is planning to begin construction on its 18-story, 231 apartment tower in February 2006. It will be located in the Second Street Retail District in downtown Austin and will have 40,000 sf of retail space on two levels. The tower portion will be built on the north side of the block bounded by Second, Third, Guadalupe, and San Antonio streets. The project is scheduled to be completed in early 2008.

Austin American-Statesman: AMLI to break ground on 18-story downtown apartment tower

[downtowndude]

Welcome to UP downtowndude!!!!

thanks. good to see a pic of the AMLI project in todays paper. rents seem pretty reasonable. 2nd street is starting to really pick up. downtown austin will go through an amazing transformation in the next 5 years!

[streetwise]

The Monarch (ZOM Austin) should be breaking ground here in December, but I haven't

seen any movement on that corner yet. Hopefully anyday now. Has anyone heard anything related to this project?

From http://www.zomusa.com/custom/zom/new_projects.html Groundbreaking is scheduled for December 2005.

[eastsider]

Benchmark land Development Inc. is planning to build a mixed-use tower at the northwest corner of Second Street and Congress Avenue.

The high-rise would include 200 to 250 luxury condominiums, a spa, a fitness center, a pool and retail space along Congress and the Second Street Retail District, Benchmark Vice President David Mahn said.

They hope to hire an architect by March and begin construction on the project in 2007.

Austin American-Statesman: Condo tower proposed on Congress Avenue

[eastsider]

Another article about Benchmark's proposed tower at Second and Congress.

Four or five architecture firms have decided to participate in a design competition for the new tower, Mahn says. He expects to decide on a winner in March.

Part of the planning process will include coming up with an appropriate name for the project, he says.

To maximize density, Benchmark Development intends to ask for a variance from the City of Austin. The site is governed by Central Business District zoning, which allows a floor-to-area ratio of 8-to-1. Because the land is roughly 29,000 square feet, Benchmark Development can build a 232,000-square-foot structure. The variance would let Benchmark go beyond that square footage.

They hope to file plans with the city in the second quarter of this year with construction starting a year after that and taking two years to complete.

Austin Business Journal: Downtown tower in the works

[Southernyank]

Project website here: Waterscape Villas

http://waterscapevillas.com/

[eastsider]

There are new owners of a ~3 acre site at 210 Barton Springs Road, located in downtown on the southside of Town Lake. Developer Haythem Dawlett and Cresent Resources have formed JH Barton Plaza Management and will build a 18-story, 190-unit condo tower. Construction should begin in the second half of this year and be complete in late 2007 - early 2008.

Tenants' leases for the five-story office building at 210 Barton Springs aren't being renewed because the new owners anticipate razing that structure and replacing it with a seven- or eight-story building, Dawlett says. Preliminary plans call for a $45 million project that might include office, residential, retail or restaurant components.

Austin Business Journal: $130M project set for Town Lake

[eastsider]

This is a short article about the two proposed projects that will be reaching for the tallest in Austin title.

Austin Chronicle: Dwarfing the Frost Tower

Both projects, while warmly received by city commissions, will face the hurdles of City Council variances. The city has simply never built a project as dense, and tall, as Fifth & Congress. And a historic blacksmith shop sits on the site of the Congress Condominiums. Vice-President Dave Mahn of Benchmark Land Development isn't quite sure what to do with the building, but he's working feverishly with the preservation architect who saved the Schneider Store to find some way to incorporate the stable into his project.

[JDawgboy]

Very interesting artical.

[eastsider]

This is a list of projects planned for downtown Austin which are greater than ten-stories in height. I listed as much info on them that I could find and added links to the discussion threads in the Austin subforum. If all of these projects are built, they would add ~1950 condominium and ~1320 apartment units to downtown Austin. There are numerous projects below ten-stories that would add to this total as well.

5th & Congress

Thread

501 Congress

47-stories {sodEmoji.{sodEmoji.|}} up to 700

[erdogs]

Great projects, the next couple of years are going to be very exciting. I can't wait to get there and see them first hand.

[eastsider]

Red River Flats

Red River & East Ninth St.

4-stories

120 apartment units

Currently under construction

Residents begin moving in July 2007

Austin American-Statesman: Downtown apartments, condos are on the rise

[eastsider]

Bridges on the Park

http://www.bridgesonthepark.com/

The Bridges on the Park are being built on 2.5 acres at the SE corner of S. Lamar Blvd and Riverside Dr in the southwestern part of downtown Austin. The $50 million project broke ground in March and is scheduled to be complete in the Fall 2007. The building will be 6-stories tall and will have underground parking with 9,000sf of groundfloor retail space and 104 condominiums on the floors above.

[eastsider]

Article in this weeks Chronicle about the new wave of high-rise residential projects emerging in downtown Austin.

The Austin Chronicle: Higher Ground