A rezoning case for an approximately 3.27-acre tract currently occupied by a DoubleTree by Hilton hotel along the I-35 frontage road directly east of downtown Austin could bring a 300-unit apartment tower to the northern edge of the Swede Hill neighborhood, according to the upcoming case agenda of next week’s meeting of the Planning Commission. It’s the second tower planned for the triangular region just east of Oakwood Cemetery where MLK Jr. Boulevard passes over the highway — you may recall that Ledgestone Development Group, owners of the Denny’s restaurant sharing some of the DoubleTree’s parking lot, are also hoping to raise a condo building an estimated 18 floors directly next door. The DoubleTree tract is instead owned by the San Diego-based Pinnacle Holdings, and despite their mutual interest in adding greater density here the neighboring projects appear unrelated for now.
Glad to hear that this is in addition to, rather than replacing, the Denny's tower. The more the merrier, obv. The article also makes the smart point that this is overlooking one of the potential highway caps . . . makes me wonder if this same process starts to be repeated further south, as the city gets its own cap strategy finalized firmed up.
The ABJ is reporting that this will be two towers at about 280'/~25-stories. The project is named Pinnacle Plaza and both towers will consist of residential and hotel components.
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A roughly 3-acre plot along I-35 in downtown Austin occupied by the DoubleTree UT Austin hotel is being prepared for increased density.
The project, called Pinnacle Plaza, would mark a significant change for the site and bring a wave of new opportunities for commercial builders and contractors in the city's core. Plans for the redevelopment include two towers containing hotel rooms and residential units, according to a rendering provided to the city. Both towers also would have amenity decks 55 feet above ground level.
The site, located within East Austin’s Swede Hill neighborhood, is owned by Pinnacle UT LP, a holding company for San Diego-based national hotel investment firm Pinnacle Hotels USA.
The company, which didn't immediately respond to requests for comment, is led by CEO Barry Lall.
Fun to see proposal life in areas outside DT still churning along
That’s a very rough and rushed concept plan lol
So the building towards the point will be constructed first and the south bldg should be labeled phase two if what they’re saying timeline wise is accurate
THese renderings make me wonder if we'll ever get enough buildings along the I-35 corridor that we could someday have a tunnel-effect there driving down I-35.
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Originally Posted by TowerSpotter
Pinnacle Plaza on the maps based on the site plan above.
^ Even the low rises from 12th and south give a pretty cool effect. Doesn't have to be super high to change the feel of the drive. That said, I think the feel will change dramatically enough following the next few decades of construction on I-35. Because it will probably take that long.
The site plan was finally updated. Both towers will have multifamily and hotel uses. They will both be 330' with Tower #1 having 29 floors and Tower #2 having 30 floors. The elevations have not yet been made public. The views will be pretty nice from the rooftop bar on Tower #1.
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