Here's another one that's proposed at 211 S. Lamar (where the Taco Cabana is.)
Go
here and then click on the SP_Riverside_Lamar_MultiFam_Data.xls link. It says the applicant is proposing a multi-family development of approximately 200 units.
site plan
There was an article in the Austin American Statesman last year about this property.
Developers eyeing boutique hotel, apartments just south of downtown
By Shonda Novak
May 6, 2011
Quote:
A failed downtown-area condominium project could be revived as apartments, and a fast-food restaurant could give way to a boutique hotel-condominium project, as developers move to take advantage of Austin's strengthening economy and an improved climate for construction financing.
[SNIP]
At Lamar Boulevard and Riverside Drive, California-based Post Investment Group is looking at the possibility of building a six-story boutique hotel with about 150 rooms. The 1.15-acre site is now occupied by a Taco Cabana, whose lease expires in February 2012, Post said.
Preliminary plans for the $40 million project also call for 12 condominiums on the hotel's top floors, with units priced in the $600,000 to $700,000 range, said Jason Post, president of Post, which acquires and develops multifamily properties around the country.
Post said his company is in discussions with several hotel brands about the project, which would have a rooftop pool, a restaurant and bar and other amenities.
If Post can't get financing for a hotel, the company would build an apartment building with 120 units or a condo building with 110 units.
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Sounds like they couldn't get financing for the hotel, and if the new proposal calls for approximately 200 units instead of 120, maybe they just decided to make the units smaller than originally planned.
You can also go here:
https://www.austintexas.gov/devrevie...er_permits.jsp
and type in the address and you can see that an application was submitted just a few days ago on August 17, 2012
Permit# 2012-083499 SP