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  #6141  
Old Posted Aug 10, 2009, 7:50 PM
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i hate to be the one to bring bad news but work may stop at the W if new financing is not secured

http://austin.bizjournals.com/austin/stories/2009/08/10/daily3.html
     
     
  #6142  
Old Posted Aug 10, 2009, 9:54 PM
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i hate to be the one to bring bad news but work may stop at the W if new financing is not secured

http://austin.bizjournals.com/austin/stories/2009/08/10/daily3.html
Hold breath....cross fingers.
     
     
  #6143  
Old Posted Aug 10, 2009, 10:22 PM
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  #6144  
Old Posted Aug 10, 2009, 10:22 PM
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We don't want another shell.
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  #6145  
Old Posted Aug 10, 2009, 10:25 PM
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eekk not good news...

It says they are giving themselves about 90 days to do it. So, I assume work will continue for the next 3 months at about 4 floors a month means they will be somewhere around 26 when the money runs out, or the self imposed deadline for securing new financing will come. I would assume if they find it it will be sooner rather than later, as most buyers will want to wait or sign contingency contracts because of the financing issue.

Although it seems they lost financing only because the bank with the loan failed.
     
     
  #6146  
Old Posted Aug 10, 2009, 10:42 PM
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:/

Hopefully they can secure financing for this quickly.. I certainly don't want a 26 story shell. Our old shell was a blight and it wasn't nearly that big.

The project is will be over half finished, hopefully the fact that the project is so far along and hopefully has some contracts signed will help it find some new monies. It should also help that construction is so far along as the amount they need financed will be a fraction of a new project.
     
     
  #6147  
Old Posted Aug 10, 2009, 11:44 PM
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Originally Posted by LoneStarMike View Post
Cool photo, but I have to admit I'm a little confused. If this photo is from 1959, what is that boxy building just to the left of the UT Tower? Isn't that the J. J. Pickle Federal Building? (It was built in 1965)

And what's that building just to the right and behind the Commodore Perry Hotel? Greenwood Towers? (It was built in 1966/1967)

And finally, what is that small building directly in front of the Perry Brooks Building?
You may be right. Here's a photo from Texasfreeway.com from a similar vantage point in 1957:



http://www.texasfreeway.com/Austin/historic/photos/i35/images/i35_riverside_may_1957.jpg

Vs...1959? (35 does have 6 lanes in '57)

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  #6148  
Old Posted Aug 10, 2009, 11:50 PM
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Originally Posted by shanny View Post
i hate to be the one to bring bad news but work may stop at the W if new financing is not secured

http://austin.bizjournals.com/austin/stories/2009/08/10/daily3.html
Disturbing news. However, I can't see there being more than a short-term delay, if any. A derelict, half-built highrise of that stature would be an immense embarrassment.
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  #6149  
Old Posted Aug 11, 2009, 2:18 AM
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HUGE IMAGE ALERT: AMLI Riverside

From a leasing site...
Here are renderings of AMLI Riverside & street retail (HUGE image alert)

http://www.weitzmangroup.com/propertiesAustin.htm

Site Plan
http://cdx.xceligent.com/Attachments/509/1757509.pdf

Aerial
http://cdx.xceligent.com/Attachments/511/1757511.pdf




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  #6150  
Old Posted Aug 11, 2009, 3:11 AM
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Hey thanks for that Mopacs. I am excited to see something like that on Riverside. You can definitely tell there is going to be street level retail from what is going on at the construction site. Glad to see some more details on what they are envisioning for that site.

On a separate note, I just thought I'd say that I was looking at the Austonian and W projects from my balcony, and it looks like both of them are doing a night time pour tonight. Lights are on at both sites and the booms for the concrete pumps are both unfolded out. I am excited to see how this next layer of the Austonian shapes up to be.
     
     
  #6151  
Old Posted Aug 11, 2009, 6:44 AM
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Is that the project that is already under construction? I think this area is prime for taller buildings, 4 stories isn't bad but hopefully over time they will rise to 10-15 there.
     
     
  #6152  
Old Posted Aug 11, 2009, 7:45 AM
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Yeah, that picture definitely was not taken in 1959. Judging from the existing buildings in the photo, I'd say it was taken in very late 1963 or early 1964. The Penthouse Condominiums was supposedly built in 1964. You can see it in the photo. I only counted 6 or maybe 7 floors tops. The building has 11 floors, so it must have still been under construction here. The Pickle Building on 8th Street was supposedly built in 1965, as was the Thornberry Building across 9th Street. Both of those buildings aren't showing up in the photo. They may have been under construction, but not out of the ground yet.

Quote:
Originally Posted by LoneStarMike
If this photo is from 1959, what is that boxy building just to the left of the UT Tower? Isn't that the J. J. Pickle Federal Building? (It was built in 1965)
No, that's actually the Sam Houston State Office Building just east of the Capitol. I'm not sure what year it was built, but that's not the Pickle Building. The Pickle Building has slotted windows setback from the facade with vertical lines. This building has a smooth facade with horizontal windows/lines.

Quote:
Originally Posted by LoneStarMike
And what's that building just to the right and behind the Commodore Perry Hotel? Greenwood Towers? (It was built in 1966/1967)
I believe that is the Penthouse Condominiums up at 12th & Guadalupe. That building was finished in 1964. As I mentioned above, in the photo it looks like there's 6 or 7 floors there. The building actually has 11 floors, so it must have been under construction still, which would date this photo either late 1963, or early to mid 1964. It's a pretty small building, so I doubt construction would take long.

Quote:
Originally Posted by LoneStarMike
And finally, what is that small building directly in front of the Perry Brooks Building?
I'm thinking that is the parking garage for the Perry Brooks Building. What you're seeing there is the facade along Brazos Street. If you look, it looks to be sandwiched between two areas of orange (Perry Brooks facade). That section has been changed a lot. Besides a facade redo, they added 3 floors of office space to the top in 2001, I believe, and upgraded the building's electrical utilities. I remember an article in the Statesman about the building turning into a mecca for high tech office space, and that they needed additional/updated/upgraded wiring.

I would say the photo was probably taken in either late 1963 or early to mid 1964. By the way, if it wasn't for the west wing of the Capitol and the Vaughan Building, you could probably see the Cambridge Tower under construction too. It would have been nearly topped out during that time. It finished construction the following year in 1965.
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  #6153  
Old Posted Aug 11, 2009, 10:38 AM
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AMLI South Shore

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Originally Posted by Myomi View Post
Hey thanks for that Mopacs. I am excited to see something like that on Riverside. You can definitely tell there is going to be street level retail from what is going on at the construction site. Glad to see some more details on what they are envisioning for that site.
Totally agree. You now get a vision of how the Riverside corridor could evolve over the next decade or so.

Here's some additional info, as posted by the Statesman in April. Condos are/were to be part of overall project too. The apartment complex is officially named AMLI South Shore. Let's just hope this building doesn't suffer the same fate as its neighbor a few blocks to the west (Star Riverside)

http://www.statesman.com/business/content/business/stories/realestate/04/30/0430goingup.html


COMMERCIAL REAL ESTATE

What's going up: AMLI South Shore on lake to mix residential, retail


Thursday, April 30, 2009

What: AMLI South Shore mixed-use development

Where: 1620 E. Riverside Drive, at the intersection of Riverside and Lakeshore Boulevard

Who: The project is being developed by AMLI Residential, with a site for adjacent condominiums under contract to the Sutton Co. The architect for the apartments is Dallas-based Clifford Wong Architects Inc. CTA Architects & Engineers is handling the condominiums.

When: The first apartments are set to be available for rent by the second quarter of 2010. The project is scheduled to be finished by the end of 2010.

Details: AMLI South Shore will include 375 apartment units, 90 for-sale condominium units and 15,000 square feet of ground-level retail space. No retail tenants have been signed.

The 10.9-acre site, on the banks of Lady Bird Lake, will feature two swimming pools, an exercise facility, a rooftop terrace and a hike-and-bike trail.




AMLI South Shore, at Riverside Drive and Lakeshore Boulevard, will feature 375 apartments, 90 condominiums, two pools and 15,000 square feet of retail space.
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  #6154  
Old Posted Aug 11, 2009, 11:01 AM
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Fondren Renderings

Fondren renderings and overview from CTA Group:

http://www.ctagroup.com/projects/on-the-boards/fondren/

Project Overview:

"This eight story building located in the Uptown area of the Central Business District in Austin, TX will include two levels of below grade parking, a street level restaurant and 2nd level bar with balcony overlooking Lavaca Street. Fondren will also include office space, a rooftop deck, terrace and condominiums for sale.

The facade is designed as a modern interpretation of the Art Deco style with a prominent feature piece along 17th Street that will be lit at night so that the building is visible as you approach the building from Lavaca Street."








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  #6155  
Old Posted Aug 11, 2009, 1:35 PM
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Not Downtown

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Interesting. No mention at all of the Star Riverside project.
Star Riverside is not downtown, so it has never been on the emerging projects map.
     
     
  #6156  
Old Posted Aug 11, 2009, 3:22 PM
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Well, I guess La Vista is slightly less ugly than before, but it looks like it belongs in Miami circa 1960.
     
     
  #6157  
Old Posted Aug 11, 2009, 7:55 PM
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Star Riverside is not downtown, so it has never been on the emerging projects map.
21Rio and that 20-story AquaTerra that was proposed for next to the Hyatt south of the river aren't in downtown either, but both of those were listed on the PDF file also. And so are the buildings planned for Riverside just east of Congress - 222 and 300 E. Riverside. There's also 1155 Barton Springs and 1717 Toomey Road. Neither of those are within the official boundary lines of downtown, but they were listed on that page. It makes you wonder what's up with Star Riverside that they took down the crane AND it's been pulled from the city's development list.
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  #6158  
Old Posted Aug 12, 2009, 1:47 AM
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Not on Map

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21Rio and that 20-story AquaTerra that was proposed for next to the Hyatt south of the river aren't in downtown either, but both of those were listed on the PDF file also. And so are the buildings planned for Riverside just east of Congress - 222 and 300 E. Riverside. There's also 1155 Barton Springs and 1717 Toomey Road. Neither of those are within the official boundary lines of downtown, but they were listed on that page. It makes you wonder what's up with Star Riverside that they took down the crane AND it's been pulled from the city's development list.
Yeah, OK, technically those aren't downtown either, but they are on the emerging projects map. Star Riverside is not on the map or the list, and never has been. It's not so much that it has been "pulled", it never was there to begin with. Just sayin'...

http://www.ci.austin.tx.us/downtown/downloads/ep_map_0809.pdf

If you don't believe me, you can search previous emerging projects maps and lists.
     
     
  #6159  
Old Posted Aug 12, 2009, 5:05 AM
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As Spring opens its doors, another condo project is delayed
http://www.statesman.com/business/content/business/stories/realestate/2009/08/12/0812condos.html

Quote:
Just southeast of downtown, however, work has temporarily stopped on the Star Riverside condominium project at Interstate 35 and East Riverside Drive.

Eugene Marchese, president of developer Constellation Property Group, cited the economic downturn for the stoppage. But he also said the two- to three-month hiatus will give him a chance to continue to redesign the project to include more lower-priced units to meet a changed market.
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  #6160  
Old Posted Aug 12, 2009, 5:28 AM
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can anyone find construction pics of one american center and one congress. I cant find them anywhere.
     
     
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