eastsider 776 Report post Posted August 21, 2005 Fairfield Residential is in the process of buying the Hyatt Regency Hotel in downtown Austin. The 23 year old building sits on a 9.6-acre site that is mostly used for parking. Plans call for renovating the 446-room hotel and adding meeting space. The parking lots surrounding the building could later be turned into a mix of housing, retail, and restaurants. Although Fairfield's plans are in the early stages, the vision calls for a mix of uses. One scenario would include two residential buildings, shops and restaurants, Howard said. The plans might include a marina where people could dock canoes, rowboats and kayaks. The site includes about a quarter-mile stretch of the hike-and-bike trail, which would remain under any development plans. Austin American-Statesman: Hyatt buyers have big ideas for site Share this post Link to post Share on other sites
Florida 0 Report post Posted August 23, 2005 There is something about the square boxy looks of every Hyatt Hotel that turns me off... but I love the photo above! Share this post Link to post Share on other sites
eastsider 776 Report post Posted October 13, 2005 The sale of the Hyatt Regency has gone through to Fairfield Residential clearing the way for Fairfield to make upgrades to the property. Hyatt Hotels Corp. will still run the hotel. According to Rome, Fairfield plans to renovate the property substantially, including making changes to guest rooms and public spaces. Additionally, Fairfield is proposing to develop upscale residential units and specialty retail shops on the property, Rome says. Austin Business Journal: Texas company buys Hyatt Regency Austin Share this post Link to post Share on other sites
EscapeToCity 0 Report post Posted October 20, 2005 La Vista, The Fajita Capital of Texas...good memories of that place!!!...I hope they don't remove it during the renovations... Share this post Link to post Share on other sites
ZachariahDaMan 1 Report post Posted October 20, 2005 That's a nice picture eastsider. Can't wait for the renovations to be done. Share this post Link to post Share on other sites
eastsider 776 Report post Posted December 16, 2005 Fairfield Residential has recieved $53.5M in financing for the rennovations to the Hyatt Regency. Austin Business Journal: Austin Hyatt gets $53.5M in financing Share this post Link to post Share on other sites
eastsider 776 Report post Posted February 14, 2007 The Austin City Council is scheduled to vote on Thursday on whether to approve the two residential towers planned by Fairfield Residential on the Hyatt Regency site. The towers are planned to be around 200 feet, which is allowed under the current zoning, but are only allowed to cover half the site with building space or other impervious cover. Fairfield wants more flexible zoning that would allow more impervious cover on part of the site and allow it to spread construction of the two towers over several years. In exchange, it's offering to reduce the current total impervious cover by 2.3 percentage points to 65.5 percent, allow public access through the property from Barton Springs Road to the lake and comply with green building standards. Share this post Link to post Share on other sites
eastsider 776 Report post Posted February 20, 2007 ^The zoning variance for the residential towers were approved by a unanimous vote on Thursday. Share this post Link to post Share on other sites
