Austin | Pinnacle Plaza | 330 Feet x2 | 29 & 30 Floors | Proposed

Urbannizer · #1 Posted **Feb 23, 2024, 5:15 PM**

Swede Hill Hotel Site Seeks Rezoning for Downtown-Adjacent Apartment Tower

Quote:

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.

gillynova · #2 Posted **Feb 23, 2024, 5:20 PM**

L f g

It will make a nice backdrop for the outfield UT baseball players

We vs us · #3 Posted **Feb 23, 2024, 6:24 PM**

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 ATX · #4 Posted **Apr 9, 2024, 6:19 PM**

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.

Quote:

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.

https://www.bizjournals.com/austin/n...cle-plaza.html

Echostatic · #5 Posted **Apr 9, 2024, 6:34 PM**

I saw the new name and got excited for redevelopment of the Pinnacle site in Oak Hill.

The ATX · #6 Posted **Apr 9, 2024, 6:43 PM**

Here's a site map that includes the 20-story Denny's condo project:

IluvATX · #7 Posted **Apr 9, 2024, 6:54 PM**

^^Is that the rendering the article is referring to?

The ATX · #8 Posted **Apr 9, 2024, 7:21 PM**

Quote:

Originally Posted by IluvATX

^^Is that the rendering the article is referring to?

Based on ABJ reporting skills, I suspect that site map was what they called a rendering.

Bblasa · #9 Posted **Apr 10, 2024, 1:19 AM**

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

Riverranchdrone · #10 Posted **Apr 10, 2024, 2:37 AM**

Would the new IH35 eat into any of that land?

davidberko · #11 Posted **Apr 10, 2024, 4:06 AM**

Quote:

Originally Posted by Echostatic

I saw the new name and got excited for redevelopment of the Pinnacle site in Oak Hill.

Lol same

The ATX · #12 Posted **Apr 18, 2024, 10:03 PM**

The CC passed the needed ZC on all three readings today.

Geckos_Rule · #13 Posted **Apr 22, 2024, 4:46 PM**

Quote:

Originally Posted by Riverranchdrone

Would the new IH35 eat into any of that land?

I don't think the I-35 expansion is taking a meaningful amount of land from this lot, but at least as I interpret everything, that rendering already takes it into account.

IluvATX · #14 Posted **Apr 22, 2024, 5:02 PM**

It appears the existing ROW will just be turned into a sidewalk or trail and not affect anything else.

The ATX · #15 Posted **Dec 23, 2024, 7:38 PM**

Site plan filed today:

https://abc.austintexas.gov/web/perm...rtyrsn=3033323

TowerSpotter · #16 Posted **Jan 9, 2025, 7:59 PM**

Pinnacle Plaza on the maps based on the site plan above.

The ATX · #17 Posted **Jan 9, 2025, 11:12 PM**

That looks good!

TowerSpotter · #18 Posted **Jan 10, 2025, 2:31 AM**

Quote:

Originally Posted by The ATX

That looks good!

Thanks, I’m more than halfway done with Austin, will do Dallas next!

DaHaTra · #19 Posted **Jan 10, 2025, 4:26 PM**

Quote:

Originally Posted by The ATX

Site plan filed today:

https://abc.austintexas.gov/web/perm...rtyrsn=3033323

I don't know how to read these types of documents, but does 'CC Rejected' mean the city council rejected the site plans? That is what it lists for Status.

The ATX · #20 Posted **Jan 10, 2025, 6:41 PM**

Quote:

Originally Posted by DaHaTra

I don't know how to read these types of documents, but does 'CC Rejected' mean the city council rejected the site plans? That is what it lists for Status.

That just means there was an admin issue with the filing most likely and will probably be corrected rather quickly. The city can't reject site plans if the zoning is in place. With that said, developers sometimes don't continue providing the required updates that are needed for approval. There are currently quite a few site plans for large projects that have been "abandoned" by developers before approval due to market conditions.