An affiliate of Stonelake Capital Partners (“Stonelake”) announced that it has acquired the 0.5-acre site located at the southeast corner of W. 5th Street and Colorado Street in Downtown, where it plans to develop a 50-story tower totaling approximately 465,000 rentable square feet of residences and Class-AA office space. The working name for the development is “5th & Colorado” with full branding and identity to be announced at a later date. The purchase of the land closed in September 2020 for an undisclosed price.
Initial plans for 5th & Colorado call for 318 residences above 100,000-sf of office space. Typical residential floor plans will average 1,150-sf and office floor plates will total 20,000-sf around a central core. 5th & Colorado will feature four (4) residential and office amenity levels including two (2) sky lounges on levels 49 and 50. Separate ground floor lobby entrances and elevator banks will provide distinction for each the office and residences while activating both sides of 5th Street and Colorado with a lively streetscape.
Stonelake has engaged Ziegler Cooper Architects to design 5th & Colorado and Harvey Builders as general contractor. Garza EMC is handling civil engineering. Stonelake will own 100% of 5th & Colorado without an outside equity or development par partner. Construction commencement is tentatively set for Q1 2022 with completion expected early 2025.
It almost seems like Houston is slowing down a little... but then again I've not been out in a while...
However, all of these new towers are good for Austin. Keep up the good work!
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The suburbs are second-rate. Cookie-cutter houses, treeless yards, mediocre schools, and more crime than you think. Do your family a favor and move closer to the city.
The list has 80 projects over 150'. It doesn't include some projects where we are waiting for height or floor counts. 307 E. 2nd is an example of a big project that we are awaiting height info.
Here are the first 25 on the list. The green highlight means they are U/C.
This is a new proposal for The Travis-Tower II site. It's now known (at least temporarily) as 80 Red River. There is an entire thread regarding this tower and Travis-Tower I.
And, no...it will be the second tallest in town (as the clowns at the Statesman proclaim). If built (and completed as designed), 98 Red River, 6XGuad and 4th & Brazos will be taller.
I counted 35 last week, but that was inside and outside of downtown. I was up on the UT garage on MLK and could see cranes at the Domain and way into East Austin, and South Austin. Yesterday, I noticed another one, so 36 is my count, but there were at least 10 or more that I couldn't see at the Tesla site in East Austin. My guess is there's probably about 70 or so cranes in Austin.
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My girlfriend has a poodle named Kevin.
Hit several parks downtown yesterday. People everywhere. Really crowded. Not surprising given the weather.
Yeah, I did, too. I went up to Saint Ed's first for that view, then rode the boardwalk over to the Longhorn Dam. The boardwalk and trail were packed with people riding bikes, jogging with the kids and dogs. I put my mask on for the ride because there were so many. And up and down South Congress there were people all over the place. They had those venders set up, too, and the restaurants were buzzing. It was a beautiful day yesterday. It almost felt normal.
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My girlfriend has a poodle named Kevin.
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