AUSTIN | Projects & Construction III

[LoneStarMike]

I'm just going by what's in the Statesman.

The latest project is even more ambitious than one Sutton announced last year on a nearby site in the Rainey Street area. There, they proposed building two mixed-use towers, each rising as high as 50 stories. However, that project will not go forward, as the 2 acre site was sold in December to an subsidiary of the Houston-based Dinerstein Companies, according to Travis County deed records. Dinerstein is a large real estate development company that builds apartments and student housing projects across the country. Dinerstein officials were not available for comment about their plans for the site.

Pike said the sale of the Rainey Street site in part enabled the Sutton Co. to pursue the proposed Waller Creek project.

I'm interpreting that to mean Sutton sold the land they had to a completely different developer to pay for the land they bought and the land that was was sold to Dinerstein is much smaller because that's the kind of project Dinerstein does. I could be wrong, though.

[wwmiv]

Originally Posted by LoneStarMike

I'm just going by what's in the Statesman.



I'm interpreting that to mean Sutton sold the land they had to a completely different developer to pay for the land they bought and the land that was was sold to Dinerstein is much smaller because that's the kind of project Dinerstein does. I could be wrong, though.

No. Now that I read it again, it sounds right. My mistake.

[The ATX]

The first page needs some serious updating - especially the proposed projects section.

[The ATX]

A bigger version of the "Waller:"

[Jdawgboy]

Originally Posted by Hill Country

A bigger version of the "Waller:"

[ivanwolf]

Originally Posted by Hill Country

A bigger version of the "Waller:"

I really like the designs here, they are not boxes. What I really like is the base area that looks to have many levels for keeping it looking like a creek with the vegetation on shelf's with outdoor seating.

One thing is that these renders do not show balconies. I hope that is just because its a first render and they will design how they want balconies in the future. I could not see paying or renting for a place without a balcony.

bye Chain Drive.

[Syndic]

This really ups the ante for that Trinity Place property, no? Being next to this development would increase its value big-time. You have to think that would lead to more financing.

I agree with wwmiv. Similar-looking towers are gross. I hope they will switch it up. I have a feeling the finished project will look radically different from these renderings, but I'm hoping the base of the buildings stays about the same. I like that they seem to want to incorporate the buildings in with the creekside by having all those plants and layers.

Any developer who's watching all these projects has to be given confidence about the strength of the Austin market.

I really just want to see the GreenWater development break ground. That's still my favorite project, due to its location and size.

[KevinFromTexas]

Originally Posted by lzppjb

This Waller/Rainey district combined with the Shoal Creek/Power Plant area are really blowing up. We will need wider angled lenses.

I was thinking the same thing yesterday. I went back to that parking garage west of Zilker Park along Mopac, and was noticing how long the skyline appeared. The view from the Long Center is also starting to get really interesting the way the skyline seems to wrap around you.

I love waterfront skylines, and this project and the others in that area are certainly helping with our's.

Originally Posted by LoneStarMike

The other project was downsized because Sutton sold the land to another developer called The Dinerstein Companies.

If you look at Dinerstein's website they build apartments & student housing - none of which are tall - or even mid-rise.

So does this mean Sutton is no longer pursuing the 8-story building? Or is that by the new owners?

[LoneStarMike]

Originally Posted by KevinFromTexas

So does this mean Sutton is no longer pursuing the 8-story building? Or is that by the new owners?

You first posted about the revised plans from the 50-story towers to the 8-story building back on February 27.

Originally Posted by KevinFromTexas

I sent an email to the Sutton Company, the developer, this was their response.

Currently the plan is for one building 8 floors tall covering most of the property.

The American Statesman says Sutton had already sold the land to Dinerstein back in December. I think when Sutton responded to your email, they already had an idea what Dinerstein had planned for the project.

And someone recently filed a site plan with the city last month. The links are in this post

I don't think Sutton submitted it, because they no longer owned the land.

I think it is the new owners (Dinerstein) who are pursuing the 8-story building. They build apartments and student housing. I can't imagine student housing being constructed in the Rainey Street area, so I'm thinking it will be apartments and I'm envisioning something similar to Gables Park Plaza Phase One.

[MichaelB]

Re : Waller Designs. Look like generic place holder designs... ripe for "fishing" interest.
At least I hope.... Feels like a 70s./80s rehash. Not a fan.
Can we please have some forward thinking Architecture!

[KevinFromTexas]

That's what I'm thinking. 2.21 acres seems like a lot of land for such a small project, though, especially since they said the parking would be within the building. .

[lzppjb]

The renderings are not final. I think they are just showing the cluster and relative heights. Can't be the final design because it looks too much like it was made in Sim City.

[corvairkeith]

The design reminds me of the Renaissance Center in Detroit.

[GoldenBoot]

Since “Waller Center” sits on the second site of Poe Companies' planned project for a 21c Hotel & Residences (plus office), I wonder if Poe is being pursued as an equity partner with the Sutton/Klabzuba team?!? Might the hotel and residences end up being a 21c? Curious.

Also, Constellation Property Group (out of Australia) had an option for this land back in 2006. They had planned on building a 40+ level condo project on this site. However, the RE market began it’s latest slide that year.

I hope the third time is the charm for this site!

[The ATX]

Originally Posted by MichaelB

Re : Waller Designs. Look like generic place holder designs... ripe for "fishing" interest.
At least I hope.... Feels like a 70s./80s rehash. Not a fan.
Can we please have some forward thinking Architecture!

You are the biggest critic on SSP of every single project as they are announced. But I don't mean that as a bad thing. You must be hard to please.

[ahealy]

Originally Posted by Hill Country

You are the biggest critic on SSP of every single project as they are announced. But I don't mean that as a bad thing. You must be hard to please.

Michael is a DIVA, just like me.

[East7thStreet]

Originally Posted by GoldenBoot

Since “Waller Center” sits on the second site of Poe Companies' planned project for a 21c Hotel & Residences (plus office), I wonder if Poe is being pursued as an equity partner with the Sutton/Klabzuba team?!? Might the hotel and residences end up being a 21c? Curious.

Also, Constellation Property Group (out of Australia) had an option for this land back in 2006. They had planned on building a 40+ level condo project on this site. However, the RE market began it’s latest slide that year.

I hope the third time is the charm for this site!

This site has gone through a lot of proposals. I even think Vignette Corp was going to build a high-rise office building or two on this peice of land in the 90's.

http://www.emporis.com/building/vign...-austin-tx-usa

[KevinFromTexas]

It's also where there was a casino planned if I'm not mistaken. Of course that would have required legalized gambling in Texas.

[MichaelB]

Originally Posted by ahealy

Michael is a DIVA, just like me.

UM HUM.... I just don't value building for building sake. Size ain't everything.! (
Try to resist that AHealy! don't go there).

[MichaelB]

Originally Posted by KevinFromTexas

That's what I'm thinking. 2.21 acres seems like a lot of land for such a small project, though, especially since they said the parking would be within the building. .

I felt that too Kevin. Feels like something you would build at the Gallareia in Houston.