I wouldn't really count on East 6th Street between Congress and I-35 being redeveloped. A lot of the oldest buildings in downtown are on East 6th Street. Besides, it's one of Austin's entertainment districts. Developers are probably reluctant to build there because of noise concerns with the bars and nightclubs.
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this article:
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Although East Sixth Street remained a bustling thoroughfare from its inception in the 19th century until the early 1960s, it was its quick decline in the ’60s and ’70s, due to businesses leaving for suburban Austin, that helped solidify the district as the historic entertainment destination it is today. According to the DAA, because the decline happened so quickly, very few of the buildings were renovated to be brought into current architectural styles.
Because East Sixth Street is a national historic district, 65 percent of the buildings that were on the street before 1900 are still in place today.
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West 6th Street, however, is slated for more highrise development. The US post office on West 6th is planned for redevelopment that could eventually support a 40-story tower with 800,000 square feet of space. There's also a 13-story office building across the street from that lot now under construction. Many of the lots in that area are affected by capitol view corridors. They limit buildings to a certain height based on how tall they would need to be (or not to be) to block the view of the state capitol dome.
As for development east of I-35, it's a mix of wood framed apartments going up, but mostly they're concrete.
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