MDG is in the process of developing a 170MM AC by Marriott hotel at 5th and Congress streets in Downtown Austin, TX. Plans include a 340 room hotel with 2,800 SF of flexible meeting space and 36 stories. A prominent national operator will operate a 5,500 SF restaurant on the 1st and 2nd floors.
It certainly looks like a dupe of the new Hyatt Centric right down the street, but as far as blue glass rectangles are concerned, I think it's fairly sleek. The good news is that it (like the Hyatt Centric as well) seems to cut out parking and huge event spaces entirely.
Is there another building proposed on this stretch of Congress? I remember the historical landmark commission vetting a proposal for a residential tower that would incorporate the historic facades of some of the buildings… I remember specifically lots of discussion about setbacks. Does that ring a bell to anyone?
Is there another building proposed on this stretch of Congress? I remember the historical landmark commission vetting a proposal for a residential tower that would incorporate the historic facades of some of the buildings… I remember specifically lots of discussion about setbacks. Does that ring a bell to anyone?
For those that don't know, that building has had some of Austin's most innovative (at the time late 2000s through mid 2010s) Dance/EDM clubs, the most well known of which was called Lanai (later Ethics). I've had some great times on that rooftop.
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"GOOD TIMES!!!" Jerri Blank (Strangers With Candy)
I spoke with a Marriott brand transition guy yesterday, and he mentioned that this is one of the projects they're working on. They may be behind on their city approvals, but they've come a long way with Marriott.
This one has been cancelled. The site is now up for sale. From the ABJ:
Quote:
Two tracts on Congress Avenue have hit the market and could be the location of the next sky-high development in downtown Austin.
The two properties — 422 Congress Ave. and 101 W. Fifth St. — currently house the Shiner’s Saloon, and they have major redevelopment opportunities thanks to unlimited height restrictions, according to a property advertisement.
Austin-based hotel developer Merritt Development Group previously aimed to develop the properties, and even though it no longer is involved with them its plans stand as an example of what could be built there. Merritt had planned to build a 36-floor, $170 million hotel at the site.
The two properties are owned by Karlin Real Estate LLC, which declined to comment. Jeff Coddington, capital markets managing director of real estate firm Jones Lang LaSalle, which is advertising the properties, also declined to comment beyond confirming the for-sale status and addresses.
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