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  #6861  
Old Posted Apr 16, 2020, 3:58 PM
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It could be Urban East (a.k.a. 6400 Riverside) at Riverside and Montopolis. It was scheduled to break ground in 2Q 2020.


https://atxrealestatenews.com/2019/0...ital-partners/
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  #6862  
Old Posted Apr 16, 2020, 7:51 PM
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  #6863  
Old Posted Apr 20, 2020, 5:41 PM
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Interesting ABJ article about a Minneapolis developer's recent opening of an office here in Austin. They want to work on new warehouse and senior housing projects, but also have their eye on on developing a highrise downtown eventually.

Quote:
Initially, United Properties plans to develop industrial space and apartment communities in the Austin metro, followed by senior living, Delk said. The company will also likely look for development opportunities in San Antonio.

Changes in consumer behavior during the pandemic, including a rapid increase in e-commerce with most retail stores closed, has shown there is likely a demand for more warehouse and other industrial space in the months and years to come, he said.

Developing a mixed-use tower with a major hotel brand attached in downtown Austin had been one of United Properties’ top priorities ahead of the pandemic, Delk said. Those plans are on hold until the company can assess what type of demand there will be for office and hotel space following the crisis.

United Properties is the largest developer in the Twin Cities area, where it developed 5.2 million square feet of commercial space from 2017 to 2019, according to data compiled by the Minneapolis/St. Paul Business Journal. The firm developed a total of 6.4 million square feet in that time frame and in addition to industrial work is also active in asset classes like office, retail and medical.

One of its largest projects to date — a $433 million tower with a Four Seasons hotel, offices and condominiums — is under construction in downtown Minneapolis.
https://www.bizjournals.com/austin/n...r-to-open.html

The specificity of that passage about the downtown tower is really intriguing to me. It makes me wonder how far they'd gotten before the pandemic hit, and whether we'd heard of it here before.
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  #6864  
Old Posted Apr 20, 2020, 8:17 PM
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  #6865  
Old Posted Apr 20, 2020, 8:55 PM
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Oh yay! I nearly forgot all about quarters. Loving more residential stuff on that part of Nueces.
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  #6866  
Old Posted Apr 23, 2020, 8:40 PM
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Block 36 by Darius Fontenette, on Flickr
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  #6867  
Old Posted Apr 23, 2020, 8:58 PM
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The HLC has a full agenda for Monday's meeting. They have demo proposals for the BBVA tower, 4th & Brazos and 90 Rainey. One I found interesting is that the owners of the Scarbrough building removed the glass from the front of the building without city approval.

http://www.austintexas.gov/edims/document.cfm?id=339124
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  #6868  
Old Posted Apr 24, 2020, 7:42 PM
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DLA Piper, the lead tenant at the Molar, has terminated their lease according to the developer.

https://www.fool.com/earnings/call-t...ings-call.aspx

Quote:
Our lead 70,000 square foot tenant [at 405 Colorado] terminated their lease pursuant to a one-time Right-to-Terminate, if we did not meet an interim milestone delivery date. Based on the original construction schedule, we had a significant cushion built-in to meet that milestone. The general contractor, while still being able to complete the project on time, missed that milestone date. We will naturally have a claim against that contractor, but right now our focus is on getting the project built and leased. So that project now stands at 18% leased with 160,000 square feet to lease, and what we know will be a very exciting addition to Austin skyline.
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  #6869  
Old Posted Apr 24, 2020, 8:07 PM
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Given current crisis, any claim against the contractor is gonna be laughed out of court. Good luck to them.
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Metropolitan Central Texas 2018: 5,672,404 (+19.98% over 2010):
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  #6870  
Old Posted Apr 24, 2020, 10:17 PM
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I suspect that Parsley energy might be next. We definitely won't see any spec office towers or hotels that are not currently financed starting for quite a while. But I think we will still see some residential towers break ground.
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  #6871  
Old Posted Apr 24, 2020, 10:50 PM
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Quote:
Originally Posted by Urbannizer View Post
Waterloo Central - 701 E. 5th

The site plan was posted today to the AULCC page. The elevations show it at 58 feet 11 inches with 5 floors.

ftp://ftp.ci.austin.tx.us/ATD_AULCC/...h%20Street.pdf
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  #6872  
Old Posted Apr 25, 2020, 4:11 PM
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Quote:
Originally Posted by The ATX View Post
the owners of the Scarbrough building removed the glass from the front of the building without city approval.

http://www.austintexas.gov/edims/document.cfm?id=339124
The city should make that Dallas taco place put the glass back on. It looks so out of place with that building. Absolute horrid use of ground floor retail.
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  #6873  
Old Posted Apr 25, 2020, 5:40 PM
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Quote:
Originally Posted by ahealy View Post
The city should make that Dallas taco place put the glass back on. It looks so out of place with that building. Absolute horrid use of ground floor retail.
Agreed. I could care less if they loose money. It looks terrible and they didn't follow the rules. No sympathy.
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  #6874  
Old Posted Apr 30, 2020, 7:41 PM
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Last edited by Urbannizer; Apr 30, 2020 at 7:51 PM.
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  #6875  
Old Posted May 5, 2020, 11:37 PM
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There are two new somewhat substantial tower cranes on the horizon as seen from the DKR construction webcam. Does anyone know what they are for?


https://texassports.com/sports/2019/...ne-webcam.aspx
Was this mystery solved?

I saw a pair of cranes, as I was driving down 71, somewhere near Burleson.
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  #6876  
Old Posted May 5, 2020, 11:43 PM
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Was this mystery solved?

I saw a pair of cranes, as I was driving down 71, somewhere near Burleson.
Not with a 100% confidence. After I posted a rendering of a possible suspect, I recalled hearing about an unusually tall non-Central Austin residential tower that got approved because the site was in an "Opportunity Zone." But I couldn't find any city records for it.
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  #6877  
Old Posted May 6, 2020, 5:11 PM
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Quote:
Originally Posted by ahealy View Post
The city should make that Dallas taco place put the glass back on. It looks so out of place with that building. Absolute horrid use of ground floor retail.

Not sure if it was done because of COVID anyhow, but the glass is back in place as of this weekend.

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  #6878  
Old Posted May 6, 2020, 5:55 PM
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Quote:
Originally Posted by ThyPiGuy View Post
Not sure if it was done because of COVID anyhow, but the glass is back in place as of this weekend.

The HLC staff recommendation was to order them to immediately re-install the glass or face the loss of a property tax exemption. I'm sure that's what the HLC did as well.
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  #6879  
Old Posted May 6, 2020, 6:13 PM
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I guess I missed it, what was this deal with the glass??
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  #6880  
Old Posted May 6, 2020, 7:56 PM
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Yea I missed it as well, anyone have pictures of what it looked like when they took the glass off?
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