AUSTIN | Natiivo / Austin (48 East) | 358 FEET | 33 FLOORS | T.O. - Page 5

urbancore · #1 Posted **Aug 17, 2017, 3:14 PM**

My source says this is a done deal.

The ATX · #2 Posted **Aug 18, 2017, 5:28 AM**

After reading the AULCC meeting notes, I see why this is going through the AULCC process. They need to move overhead power lines to install the tower crane. There is another note that says the estimated construction period would be from this October through January 2020.

AustinGoesVertical · #3 Posted **Aug 18, 2017, 7:52 AM**

I hope the most recent rendering stuck as the final design. I thought it looked like a very sleek and classy building. I liked the black beams that extended up into the crown and the a jagged pattern of the windows on the side.

The ATX · #4 Posted **Dec 30, 2017, 9:22 PM**

No major news to report. But since the last post in this thread there has been some permit activity with the most recent being this past Thursday. It all seems related to the relocation of the fire department connection. Yawn. But at least something is happening with this project.

The ATX · #5 Posted **Feb 13, 2018, 9:21 PM**

Maybe this one is ready to start. Over 30 permits were filed today to finish out apartments. These permits are not typically filed until after a project is underway.

urbancore · #6 Posted **Feb 27, 2018, 6:55 PM**

i saw them drilling core samples today.

The ATX · #7 Posted **Mar 16, 2018, 7:08 AM**

Here are some interior renderings and one of the base:

https://www.stgdesign.com/48-east

mumu · #8 Posted **Jul 24, 2019, 1:10 PM**

Based on the 198,329 "rentable" (living) square foot area (from the site plan), it appears to be $605/ft for total development cost.

https://highlandrc.com/project/48-east-avenue/

FINANCING:

Highland arranged the $87.9MM non-recourse construction loan for the 30-story, Austin condo project with a private balance-sheet lender focused on creating long-term relationships by originating, servicing and asset managing long- and short-term fixed-rate commercial real estate loans through maturity. In addition to arranging the financing, Highland was involved in sourcing a development partner to venture on the $120mm project.

The ATX · #9 Posted **Aug 15, 2019, 6:56 PM**

Tower's latest post is about the official groundbreaking:

https://austin.towers.net/natiivo-ho...reet-district/

We vs us · #10 Posted **Apr 2, 2018, 1:51 PM**

Once slated for apartments, they've now retooled for condos.

Construction to start within the next 6 months, definitely by end of the year.

https://www.bizjournals.com/austin/n...st-avenue.html

AustinGoesVertical · #11 Posted **Apr 11, 2018, 8:01 PM**

Equity almost lined up on this.

The ATX · #12 Posted **Jan 2, 2019, 9:41 PM**

Towers beat me to this scoop from a recent filing to change the site plan, but he has a nice article about this project changing to an AirBnB concept.

Towers:
https://austin.towers.net/will-downt...red-by-airbnb/

Site Plan change filing:
https://abc.austintexas.gov/web/perm...ertyrsn=879344

We vs us · #13 Posted **Jan 2, 2019, 10:13 PM**

kingkirbythe.... · #14 Posted **Jan 2, 2019, 11:31 PM**

Hedley

The ATX · #15 Posted **Jan 4, 2019, 4:23 PM**

Things are looking up for this one. First a change to hospitality and now a demo permit to clear the site was filed today.

https://abc.austintexas.gov/web/perm...ertyrsn=879344