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Lost in the MLS debate, the zoning change for this one has been indefinitely postponed by the applicant. I guess we'll have to wait for those goofy fantasy towers.
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IMO this was a half ass play for Amazon... AMZ probably notified Austin what properties are def out of consideration. The timing of this with the upzoning near domain is interesting.
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IF Amazon were to choose it, pretty sure that would have been a pre-condition. |
Unbelievable.
Amazon HQ2 is out, but $1.2 billion still pouring into East Austin project with offices, hotels, shops: https://www.bizjournals.com/austin/n...ill-being.html |
Nothing in the article on why the rezone has been postponed. Was this a paid placement?
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They are not going to get clearance from the FAA to build anything close to what they have proposed.
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I will try to get some pictures on my lunch break. But they have a metal skeleton of a 5 story building already on site.
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I can't believe they are still promoting the project with Jetson/Futurama buildings. I'm disappointed that the ABJ didn't call them out. The ABJ featured the "story" as breaking news for quite awhile, and the silly renderings are still front and center on their website. :shrug: |
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The contractor has weekly drone updates on the construction. This screen cap is apparently from this weekend. It shows a few stories being added to one of the buildings.
https://i.imgur.com/sD0wQNK.png https://www.youtube.com/channel/UCAJ...hNn_OHA/videos |
Here is a new marketing brochure for this project. No crazy high-rises, just traditional mid-rise office buildings with lots of green space.
http://flyers.ngkf.com/NewMarkConten...old_102018.pdf |
Disappointed, but not surprised. Those towers always seemed close to the flightpath, and without Amazon I doubt there would be demand for towers like that east of 183.
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This project has landed its first big tenant. A co-working company called Work Well Win. It was founded by a former WeWork executive, and this Austin location is expected to be their flagship location.
https://www.americaninno.com/austin/...n-east-austin/ |
I don't care what you say. This is still the weirdest project in the city.
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This is one of the weirdest things a mixed used development to put on their website: Quote:
https://eightfolddevelopments.com/yoga/ Quote:
and of course, the pillar of organic farming that every co-office work-life restorative nonspiritual mind-body experience needs: https://eightfolddevelopments.com/organic-farming/ The best part of all of this, is it's just an old underused low-rise suburban tech park that is being lightly renovated to update it and rent out the same facilities that have been there for 20 years. This screams "rich guy made a smart unexciting investment that is a slam-dunk cash maker in the current Austin setting and has a niece/nephew/kid that they let put their marketing degree to work" |
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Here are a couple of quotes. Sounds like WWW is a bit delayed. Quote:
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Some changes for Eightfold
-Limit the 400 ft maximum to 10 acres fronting 183 for 3 buildings. -A height limit of 280 ft for 2 more buildings on an 8 acre site also fronting 183. -Modify the rest of the land to 120 feet except for two existing 185 ft buildings -Modify the parking requirement to a %50 reduction New facts in the rezone: -The 5 new buildings would be about 3 million sq feet. -About 5,700 parking spaces in the under building parking structures |
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