Austin goes from darling of the US to latest city to bash as overpriced in ''Best Of' lists but there's still phenomenally positive things to look forward to and be proud of.
Austin can still be the 'Next Austin' & LinkedGlenn is scouring the interwebs weekly to show most exciting projects submitted for site permit approval. Obviously getting full city approval will delay these projects ground breaking till 2023 but huge things are still ahead for Austin!
Apple II Campus - Generational Properties - 6900 W Parmer Ln
Without even occupying Phase I, it appears Apple already has plans to expand their current soon-to-be completed 133-acre campus. A recent site application was submitted for an additional (but at same address) 126.7-acre new development. Apple projected 5,000 initial employees for Phase I with potential to house 15,000 as noted back in 2018 when the $1B project was announced. I'm sure an announcement will be coming soon with details on Phase II expected size and employee count.
24RG Student Housing - 2313 Rio Grande - Cain and Ables
Longtime University of Texas West Campus institution's days could be numbered as a site permit has been submitted for the site Cain and Able's has occupied for more than 30 years! No details released on scope of student housing tower planned for the .33-acre site but the Longhorn favorite still has 'couple years' left on its lease. Tune into BoomATX podcast in the near future for episode featuring Cain and Able's owner Ellis Winstanley.
THC 4th and Colorado - 201 W 4th St
Demolition permit recently submitted for multiple warehouse/bar/nightclub structures on the 200 W 4th St block that The Hanover Company has recently announced that a residential tower was in the works. Also noted was a long term lease was expected to keep long time LGBTQ nightclub Oil Can Harry's in the ground floor of the new building for years to come. This permit is just for demolition, separate site and building permit for new tower structure expected in the future.
Crawford Street Commercial - 1500 W 35th St (Randall's)
Location of one of several Austin area Randall's to close recently has a site permit submitted for a mixed-use development by the property's owner Kin Properties. The 2.34-acre site was previously noted to be redeveloped with residential and commercial mixed-uses. LinkedGlenn recently noticed Hobby Lobby is taking over the Circle C Randall's building likely helping make way for the redevelopment of the Brodie Oaks shopping center at Ben White/S Lamar.
1214 WEST 6TH - (Julian Gold)
Julian Gold, Texas's premier ladies specialty store, might be short lived at its long time store on W 6th St. Looks like Stonelake Capital Partners has plans to redevelop the 1.41-acre retail complex to a 3 story office building with garage. With this new office, the redevelopment of AISD's nearby former HQ and previously reported and soon to be redeveloped stretch of W 6th St surrounding Z'Tejas this area is going to have a new look real soon to book end new and improved 'dirty' 6th to the East.
Midtown Point - 6000 Middle Fiskville Rd (Holiday Inn)
A permit has been filed for 3 new office buildings on the site of the Austin Community College's Highland Campus Holiday Inn Midtown location. Hard to imagine an 8 story hotel being demolished so likely the office buildings will be developed around the hotel on the 8.3-acre site.
Borden East - 71 Strandtman Cover (Borden Dairy Co)
After Borden Dairy Co was sold to Capital Peak Partners last year looks like Austin's Borden Dairy facility's 21-acre site in E Austin next to the Colorado River Park Wildlife Sanctuary is planned to be redeveloped to a large office development. With new and improved 183 access and proximity to the river it should be a great opportunity.
East Riverside Gateway-Residential - 7216 E Ben White Blvd
Towers.net recently reported on this potential 2M SF mixed-use development at Riverside Dr and Ben White. Placemkr has submitted permit for 11-acre residential 1st phase on currently zoned Mobile Home Residential. Much more dense housing looks to be on the way for the Riverside corridor.
Castle Hill Residences - 1109 W 11th St
Castle Hill Partners recently filed permit to construct housing on a .52-acre tract of the former Hope Graffiti Park below their 'castle' just west of S Lamar. More details on the residential development to come...
3427 JEFFERSON STREET - (Burger King)
Drive thru chain restaurants such as this Burger King on 35th St likely will become pretty rare in Austin's current real estate market. This .46-acre fast food site is being permitted for a 4 story office building.
708 E. 12th St - (Texas Municipal Retirement System)
Texas Municipal Retirement System joining the Teachers and the State retirement systems in looking to develop the highest and best use of their downtown Austin properties. TMRS is in for permit on the 1.12-acre site for a mixed use tower development comprised of approximately 35,000 square feet of retail uses and 350 multifamily units. It appears rezoning from office to multifamily has already been approved to make way for the demolition for the existing 4 story office building.
Stay tuned next week for an update on the best project site permits submitted this week!