AUSTIN | Projects & Construction III

[Urbannizer]

Redevelopment of Old West Austin's Nau's Enfield Drug takes shape

Plans are crystallized for the redevelopment of the beloved but closed Nau’s Enfield Drug store in Old West Austin — and several other sites nearby are poised for a new life, too.

Austin-based Zydeco Development Corp. has unveiled fresh details of the project, including its vision of how it could fit into the existing fabric of the community. The Westlyn, as the Nau's redevelopment project is called, is set to break ground next year. The five-story condo and retail development at 1115 West Lynn St. is a big pivot from what exists now at the property and the type of development typical of Zydeco, which is perhaps best known for its massive MetCenter business park in Southeast Austin.

In addition to 27 condo units, The Westlyn plans to bring more than 13,400 square feet of retail space. Approximately 4,700 square feet would be reserved for food and beverage. The developer envisions between four and seven tenants fitting into its retail space with neighborhood-friendly options.

[Illithid Dude]

Great looking architecture.

[Urbannizer]

Austin developer keeps 37-story tower plans alive after buying downtown site

High-rise redevelopment plans for a downtown Austin site are still alive after the property changed hands earlier this year.

Austin-based Riverside purchased 504 E. 5th St., a roughly half-acre downtown Austin site a block north of the under-construction Austin Convention Center, from Dallas-based Stonelake Capital Partners in March, according to Travis Central Appraisal District. The property is developed with a surface parking lot and historic former restaurant building, and Stonelake had plans to take the property sky-high with a 37-floor multifamily tower.

Dirt never turned at the site after Stonelake unveiled its plans, and as early as February 2025 the developer was marketing the property for sale. And though a Riverside representative said it has no immediate development plans for the site, the new owner is keeping Stonelake’s vision for the property alive after applying for a one-year site plan extension for the previous owner's plans.

A site plan permit for the redevelopment was approved on Aug. 4, 2023, and was set to expire on Aug. 4, 2026. On June 6, months after the property traded hands, Riverside filed a request to extend that site plan permit by one year to Aug. 4, 2027. The extension request is still under review and has not been approved.

That means that while Riverside has no immediate plans to develop the site, it could still build the 37-story, 321,867-square-foot high-rise Stonelake originally intended to.

[The ATX]

From Urbannizer's post in the Austin sub-forum: A couple of residential towers planned for North Austin...

Originally Posted by The ATX

The developer keeps postponing the Planning Commission hearings about the ZC. So there is very little new info available. The only update to the ZC filing since December was a traffic analysis in May. At that time, the project was listed as having 632 RUs, ~40K Sq Ft strip retail plaza and a restaurant.

I take it the delay is from them still gaining feedback from the Skyview Neighborhood before final submission. Latest meeting is scheduled for August 11th. Here’s the details so far:

- Still planned as 632 units
- Tower #1, 23-stories, 311 units
- Tower #2, 23-stories, 321 units
- Architect Hailey Studio
- Ground floor and pad site retail

[Urbannizer]

Austin Skyline-4 by Steven Leggett, on Flickr

[drummer]

^^ How tall is the one by the Hyatt going to be again? That one is coming along.

[clubtokyo]

Originally Posted by Urbannizer

Redevelopment of Old West Austin's Nau's Enfield Drug takes shape

Oh this looks beautiful!

[Urbannizer]

Paramount CEO David Ellison eyes Austin as potential new base after threatening to ditch California during antitrust battle

As an antitrust battle threatens his Hollywood empire, Paramount boss David Ellison is eyeing a new base in Austin, Texas, The Post has learned.

The 43-year-old media mogul — facing heat from California Attorney General Rob Bonta over his plans to merge Paramount with Warner Bros. Discovery in a $110 billion mega deal — is actively evaluating a prospective movie and TV studio in the Texas capital, according to three people familiar with the matter.

While Paramount has not formally committed to the plans, sources said the entertainment giant and its partners are in advanced negotiations and zeroing in on the Bluebonnet Business Center — a hulking commercial development in the east of the city — as a primary target.

Paramount CEO David Ellison has said that he will begin the process of shifting jobs out of California if AG Rob Bonta fails to negotiate by Oct. 1.

[Croon]

Originally Posted by Urbannizer

Paramount CEO David Ellison eyes Austin as potential new base after threatening to ditch California during antitrust battle

We don't want em.

[wwmiv]

Originally Posted by Croon

We don't want em.

Yes we do.

[Lobotomizer]

Originally Posted by Croon

We don't want em.

Speak for yourself.

[ROCrot]

Originally Posted by Urbannizer

Paramount CEO David Ellison eyes Austin as potential new base after threatening to ditch California during antitrust battle

This is about as likely as the Buffalo Bills NFL team moving to Austin, which was a rumor perpetuated by the team's owners, as leverage for getting a new stadium paid at least partly with local tax dollars. Naturally, Erie County and NY State capitulated, and the team's fans are enjoying the new stadium which was built in plain view of, and mere feet from the old one.

[The ATX]

Austin is frequently used as relocation leverage when a sports team or a business is not happy with their current situation.

[Riverranchdrone]

[IMG]DJI_0469-Pano by Jason Luebbe, on Flickr[/IMG]