The Transformation of South Lamar - Page 52

Urbannizer · #**1021** Posted **Apr 29, 2025, 1:27 AM**

Aer

LiveattheOasis · #**1022** Posted **Jun 1, 2025, 6:20 PM**

@urbancore Any timelines around Stonelake’s project on Collier?

Urbannizer · #**1023** Posted **Jun 6, 2025, 7:48 AM**

Zephyr

urbancore · #**1024** Posted **Jun 6, 2025, 2:21 PM**

Quote:

Originally Posted by LiveattheOasis

@urbancore Any timelines around Stonelake’s project on Collier?

Yes, they plan to break ground in within 3 years. I met with them a couple weeks ago.

Urbannizer · #**1025** Posted **Jun 25, 2025, 10:24 PM**

1700 S Lamar

525 residential units and retail.

1305 W. Oltorf

Proposed residential and office use.

AusTex · #**1026** Posted **Jun 26, 2025, 1:05 AM**

So...are these last two mentioned projects just like the others? Rentals owned by REITs or other Companies; which we do not need more of.

Or Reasonably Priced (Affordable) To Buy Housing? Which is almost nonexistent anywhere in the metro because of REITs and other Companies building for profit and also buying homes with All Cash Offers, leaving individuals Paying The Price!

Just asking. Not liking the direction We are going.

LiveattheOasis · #**1027** Posted **Jun 26, 2025, 3:06 AM**

Quote:

Originally Posted by Urbannizer

1700 S Lamar

525 residential units and retail.

1305 W. Oltorf

Proposed residential and office use.

This is all just process toward City Council approval for these, correct? @urbancore has been noting 1700 S Lamar is on the doorstep for a while. It'd be great to get it started in the next year, but hopefully add to the amount of restaurant and retail that area can hold.

OfficialPBreton · #**1028** Posted **Jun 27, 2025, 2:53 AM**

I attended a meeting regarding the design for 1700 S Lamar - IIRC on the back part (away from Lamar) they planned to have a second, lower structure with a possibility that some units there would be for ownership.

From what I've heard about 1305 Oltorf, ABGB owns the lot and is wanting to rezone in anticipation of a future (untimed) redevelopment. I guess they'll sit on the lot until it makes the most sense for them.

gsteitz · #**1029** Posted **Jul 19, 2025, 11:10 PM**

I heard today that the Brodie Oaks project has been shelved and that the developers are shopping the property.

Can anyone confirm this update?

The ATX · #**1030** Posted **Jul 19, 2025, 11:55 PM**

Can't say if it's been cancelled. But it's definitely way behind schedule with no plans to start any time soon. The last project timeline I saw was after their zoning was approved in 2023, and it said construction would start in 2025. They never even filed any site plans, and they are actively trying to lease the empty retail spaces. So it's years away at best.

LoneStarMike · #**1031** Posted **Jul 20, 2025, 1:06 PM**

Re: Brodie Oaks

Lionstone Investments was the company that purchased the shopping center in 2016.

In November of 2024 it was announced that Lionstone Investments was shutting down.

Lionstone Investments offloads client assets amid planned shutdown

Quote:

Sources close to the company said the planned shutdown comes amid friction between Lionstone’s leadership team and Boston-based Columbia Threadneedle Investments, the subsidiary of Ameriprise Financial that acquired Lionstone in 2017.

[SNIP]

However, several sources close to Lionstone said the company's leadership team had grown frustrated by the relationship with Columbia Threadneedle.

One former employee told the Houston Business Journal, "There were a lot of points of disagreement between Lionstone and the parent company." The former Lionstone employee declined to be named, citing the sensitive nature of the company's closure.

Rather than continue to work with the Boston firm, Lionstone's top leaders opted to shut the business down and pursue other career options, the sources said.

Another source acknowledged that there was frustration on both sides of the Lionstone-Columbia Threadneedle Investments relationship and that the attempt to blend the two companies' cultures simply did not work.

And from the Houston Chronicle:

Prominent Houston real estate firm Lionstone Investments to shut down after 23 years

Quote:

Ameriprise Financial said it was committed to helping Lionstone’s clients move assets in an “orderly way” to new investment managers over several months. Ameriprise Financial’s asset management arm, Columbia Threadneedle, bought Lionstone in 2017.

(If you try to go to Lionstone's website, it redirects you to Columbia Threadneedle's website.

I'm not sure if this has anything to do with the delay but thought I'd throw it out there.

gsteitz · #**1032** Posted **Jul 22, 2025, 2:03 PM**

Quote:

Originally Posted by LoneStarMike

Re: Brodie Oaks

Lionstone Investments was the company that purchased the shopping center in 2016.

In November of 2024 it was announced that Lionstone Investments was shutting down.

Lionstone Investments offloads client assets amid planned shutdown

And from the Houston Chronicle:

Prominent Houston real estate firm Lionstone Investments to shut down after 23 years

(If you try to go to Lionstone's website, it redirects you to Columbia Threadneedle's website.

I'm not sure if this has anything to do with the delay but thought I'd throw it out there.

Unfortunate to hear, of all of the recent developments I think this one would have been one of the biggest game changers for South Austin and the one I was most excited about. That area is in dire need of a facelift and has so much potential.

Bblasa · #**1033** Posted **Jul 22, 2025, 11:10 PM**

I thought barshop and oles was behind this? Which is a local firm

LoneStarMike · #**1034** Posted **Jul 23, 2025, 4:21 AM**

Quote:

Originally Posted by Bblasa

I thought barshop and oles was behind this? Which is a local firm

The project was a partnership between Barshop and Oles and Lionstone Investments. But that earlier article I posted about Lionstome purchasting the shopping center noted that:

Quote:

In disclosing the purchase, Lionstone Investments didn't disclose the seller, but a previous Austin Business Journal article about the sale of the center in August 2008 indicated that a partnership of Dallas-based L&B Realty Advisors LLP and Barshop & Oles Co. of Austin bought the property. Tax records most recently have been sent to Barshop & Oles Co. as the manager of Brodie Oaks Center Ltd.

Lionstone Investment officials said the center will continue to be managed by Barshop & Oles, a retail specialty brokerage company and developer. HFF handled the real estate transaction.

I think Barshop and Oles still manages the shopping center, although I gotta say they need to update their website. The map of the center showing what spaces are available is way out of date. They still show Hobby Lobby, Tuesday Morning, Floor King, and the Park as still being occupied. All those spaces are vacant and some have been vacant for quite some time.

Urbannizer · #**1035** Posted **Aug 21, 2025, 4:37 AM**

2130 Goodrich

Quote:

2130 Goodrich will be a 34,000 NRSF Class-A office building with ground floor office/retail, two levels of below grade parking, and rooftop event and amenity space with downtown views.

This project is under development by Notional Development Partners, and features a top-tier design team including architecture by Perkins Eastman, Kimley-Horn for civil engineering, Wylie Engineering for mechanical engineering, Thornton Tomasetti for structural engineering, and TBG for Landscape.

LiveattheOasis · #**1036** Posted **Aug 21, 2025, 2:32 PM**

Would be great to continue to get decent infill along South Lamar. I'm still maintaining hope for Brodie Oaks, but am now focused on this and the Barton Skyway development, given the Collier Stonelake sounds like it's a few years from breaking ground.