Austin | Waterloo Park Hotel (12th & Red River) | 335 FT | 27 FLRS | Demo
We don't seem to have a thread for this project in the Austin sub-forum. So I'll start one. (Although there is a thread for it in the Highrise and Supertall Proposals sub-forum.) The site plan was filed this week for the latest rendition of this project. It comes in at 22-stories. Based on the filing it appears to be a 250 room hotel with no office or residential component. There is also a reference to the project as Waterloo Park Hotel with 260 rooms.
https://www.austintexas.gov/devrevie...erRSN=11258180 |
Cool. I'm guessing it'll be around 240 feet tall then.
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I'll shed a single tear for the Brick Oven but looking forward to a new place to dine before games.
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I thought the Brick Oven was directly in the CVC that is causing so much concern regarding the height of the intake facility for the Waterloo Creek tunnel diversion? How can they build a 200 plus footer there without impacting the CVC?
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Yes. The whole intake facility fiasco was/is ridiculous. |
I think the thing that annoys me the most about the intake facility is the city should've immediately requested a variance from the State legislature as soon as the infraction was discovered, and yet instead of that they decided to immediately begin a redesign.
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.....and..... sorry to pile on.
But what bothers me most is "spirit of the law vs letter....." The observation deck on the top of the intake would have given BETTER views of the Capitol than the small protion it would have blocked from ground level between the intake and Red River. I am, in general, a supporter of the idea of the CVC.... but this was rediculous and a huge no-brainer. |
Point of Clarification about Texas Government
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From what we have previously discussed, the CVCs can only be altered by act of the Texas Legislature. If I recall correctly, this issue was discovered around May 2014. For those who do not know, the Texas legislature meets every two years, with the newest session starting on Jan. 13, 2015 (meaning it hasn't been in session since the Waller Creek Inlet issue was discovered). Several months after the start of session, after a bill makes it though committee and through debate in both chambers, would be the absolute earliest that a "variance" from the city could be possibly approved. That is with no opposition (which most certainly would come up from many different sources). It really is a tough situation, and one that is uniquely face by Austin being the State Capitol. There is much debate on the role of the Legislature in Austin affair, but what is law is what is law at this time. The city acted on the only real option it had, and if you have issue with that, please get involved and try and get legislation passed this session. More info here about the last time amendments to the CVC legislation were attempted: https://www.preservationaustin.org/a...iew-corridors/ |
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And it wasn't "discovered in 2014"... Knowledgeable observers have known this all along. |
Just FWIW, the CVC does not impact this site at all:
https://www.google.com/maps/d/edit?m...s.kFyc1SOGTRGA |
I've been trying to dig up info on some of the more suspect projects like this one. The site plan application for this one was endanger of expiring like it did for 99 Trinity. But this one did have an update as recently as 12/29/15 which indicates they're at least trying to go forward.
https://www.austintexas.gov/devrevie...erRSN=11258180 |
A new site plan was filed today. The height has been bumped up to 24-stories and its being described as "a five star" hotel. There are no attachments with building details yet.
https://www.austintexas.gov/devrevie...erRSN=11491822 |
And someone was saying development was likely to slow down? Let me let everyone in on a little not-so-secret: the United States has the best economy of all post-industrial western nations, and Austin has the strongest economy in that country of all major cities. I.E. Austin is one of the hottest markets in the entire world right now, so of course we're still going strong.
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First, technically this is not a new project per-se. The developer has been working behind the scenes as evident by the latest news is about it being a 5 star hotel. I would expect they are close to securing capital, if it's already not secured and I'm guessing the brand has committed. Secondly, as far as economic stability is concerned, we don't necessarily have to be affected by an external economic downturn. I'd be more concerned about internal problems like housing stock, traffic, inadequate mass transit and a growing low wage workforce which can't afford to live in the city. If we don't do something soon about trying to alleviate those issues, we'll create our own economic downturn. This is a problem in which local economists have sounded the alarm to city and regional leaders and the warning has gotten louder. Lastly, we can't disregard global economics completely. As Austin continues to morph into a global city, so too will our economy become more intertwined with the world economy. Even if we weather a downturn relatively (though not completely) unscathed, doesn't mean that investment capital will be flowing. A perfect example is the most recent economic downturn. Austin was able to hold its own pretty well but for a couple of years we didn't see any major construction in DT. The projects planned that were unable to get built before the Great Recession were put on hold like the Van Zandt. I'm not saying we should freak out or anything because it will take a lot to slow this city's momentum even with the local problems, but at the same time, If capital investors become cautious they won't be putting money into any projects regardless of how well a specific city or area is doing. |
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But here's the real deal as far as how these crises work themselves out --- if it becomes impossible to find employees willing to work for $8/hour because it's too expensive to live in Austin, then employers will pay more. So the de facto minimum wage is higher already in expensive cities. I'm not shrugging off the problem of affordability, I'm only suggesting that it's not going to slow down the local economy. There are so many benefits for businesses to locate in a city like Austin, we can't come up with enough problems to keep them away. |
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