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  #8001  
Old Posted Mar 8, 2022, 8:43 PM
urbancore urbancore is offline
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Originally Posted by We vs us View Post
Seen on my lunch walk -- an alcohol permit notice in the window of the former 2nd Bar and Kitchen, in the Austonion, on the corner of 2nd and Congress. Name of applicant: Fogo De Chao, A Brazilian Churrascaria.

It's a pretty impressive space for a chain . . . but made me wonder if there was something pushing them out of their lease near the CC (owned by World Class Capital, ahem). Or if they were just in search of greener pastures.
What a downgrade as far as restaurants go.
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  #8002  
Old Posted Mar 8, 2022, 10:09 PM
We vs us We vs us is offline
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What a downgrade as far as restaurants go.
100%. A total disappointment, TBH.
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  #8003  
Old Posted Mar 9, 2022, 1:32 AM
paul78701 paul78701 is offline
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Originally Posted by We vs us View Post
Seen on my lunch walk -- an alcohol permit notice in the window of the former 2nd Bar and Kitchen, in the Austonion, on the corner of 2nd and Congress. Name of applicant: Fogo De Chao, A Brazilian Churrascaria.

It's a pretty impressive space for a chain . . . but made me wonder if there was something pushing them out of their lease near the CC (owned by World Class Capital, ahem). Or if they were just in search of greener pastures.
Convention centers seem like magnets for chain restaurants. I would guess that the move is non voluntary. Also, that's one of the only lots just west of the convention center that doesn't have an announced project. I'd bet we'll be hearing about a building proposal there soon enough.
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  #8004  
Old Posted Mar 9, 2022, 12:27 PM
H2O H2O is offline
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Fago is better than it remaining empty. It has been far too long already.
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  #8005  
Old Posted Mar 10, 2022, 12:30 AM
MichaelB MichaelB is offline
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What a downgrade as far as restaurants go.
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  #8006  
Old Posted Mar 10, 2022, 4:21 PM
zrx299 zrx299 is offline
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Chains and high end places are the only ones able to afford the leases these days
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  #8007  
Old Posted Mar 10, 2022, 4:43 PM
mtb_jeremy mtb_jeremy is offline
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Chains and high end places are the only ones able to afford the leases these days
I figure that will be more and more the case over time. Less new local places will be in downtown than in the past. People staying in hotels downtown will often take what is convenient for meals over other choices.
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  #8008  
Old Posted Mar 10, 2022, 5:10 PM
dilliam dilliam is offline
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Chains and high end places are the only ones able to afford the leases these days
NYC has some of the highest commercial rent in the country, yet chains make up a tiny fraction of the businesses in the city. Most are not "high end" places either.
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  #8009  
Old Posted Mar 10, 2022, 5:24 PM
migol24 migol24 is offline
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Probably more to do with the fact that it's new York. There's more people. More foot traffic. Kinda not fair to compare any other city besides Chicago, or maybe San Francisco. Austin won't be in that level until at least once the rail gets done. Local businesses rarely survive on Congress up towards the capital despite the foot traffic.
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  #8010  
Old Posted Mar 10, 2022, 6:39 PM
austin242 austin242 is offline
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Portland seems to manage to have everything. However Portland has a buck ton more retail and rail.
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  #8011  
Old Posted Mar 10, 2022, 6:45 PM
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Portland seems to manage to have everything. However Portland has a buck ton more retail and rail.
Everything but enough money to pay me to live there.
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  #8012  
Old Posted Mar 10, 2022, 6:55 PM
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Originally Posted by migol24 View Post
Probably more to do with the fact that it's new York. There's more people. More foot traffic. Kinda not fair to compare any other city besides Chicago, or maybe San Francisco. Austin won't be in that level until at least once the rail gets done. Local businesses rarely survive on Congress up towards the capital despite the foot traffic.
Retail rent in SoCo District rivals that of Manhattan...
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  #8013  
Old Posted Mar 10, 2022, 7:28 PM
migol24 migol24 is offline
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That's about the only part of Austin that compares. There's not any foot traffic in downtown the way there is on soco. Everything else towards the Capitol is dead. It's gonna take awhile to see more consistent foot traffic in the downtown area. And also businesses on soco are all mostly high end. There's also more chain stores that opened up now with that new development near Music Lane.
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  #8014  
Old Posted Mar 10, 2022, 8:05 PM
atxsnail atxsnail is offline
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Originally Posted by austin242 View Post
Portland seems to manage to have everything. However Portland has a buck ton more retail and rail.
Imagine what Austin could have achieved on the transportation front if it had enjoyed a supportive state government and not one that was outright hostile.

Last edited by atxsnail; Mar 11, 2022 at 2:04 PM.
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  #8015  
Old Posted Mar 10, 2022, 8:37 PM
We vs us We vs us is offline
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Originally Posted by mtb_jeremy View Post
I figure that will be more and more the case over time. Less new local places will be in downtown than in the past. People staying in hotels downtown will often take what is convenient for meals over other choices.
Second Bar was definitely a casualty of the pandemic -- a ton of their Congress business came from either tourists or office workers. When all that evaporated, they did, too. (And worth noting that as a smallish local business, they didn't have the deep corporate pockets to make it through, like Fogo probably has).

But don't give up on local places. It may take some time for them to sprout back up, but the demand for them is definitely growing, and piece by piece, as tourism, and convention business, and downtown workers slowly come back, so will our local stuff. Not to mention our growing downtown residential pop.

And FYI, there is NOT a demand for Fogo. The people who come to Austin want a unique Austin experience -- they specifically come from far and wide to see our local stuff -- and of course Fogo is the exact opposite of that. Not even really sure how they survived as long as they did by the CC -- I have to assume that one way or another they're not going to last long on 2nd Street.
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  #8016  
Old Posted Mar 10, 2022, 10:58 PM
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https://www.austintexas.gov/news/listeni...rtical-mixed-use-working-group-announced

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The Planning Commission working group tasked to review and propose Vertical Mixed Use (VMU) density bonus program amendments is hosting a virtual community listening session on Wednesday, March 16 from 4:30 to 6 p.m. This meeting is an opportunity for the public to share feedback to inform current and future work of the working group members and Planning Commission about the VMUs.

The goal of the listening session is to hear from key stakeholders and community members to amend the VMU density bonus program. The public is encouraged to share the meeting information with anyone from the community who would like to be a part of this conversation. If you cannot join us but would like to share feedback, please feel free to email [email protected] with your comments.
https://us06web.zoom.us/j/88150280285?pwd=WUZ6RWkwTytIRUNVaWZwUUZrN0FmZz09
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  #8017  
Old Posted Mar 15, 2022, 10:47 PM
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A Defunct Post Office Ponders Its Future Under Hyde Park’s All-Seeing Eye

https://austin.towers.net/defunct-post-office-ponders-future-under-hyde-parks-all-seeing-eye/

The closing of the Hyde Park neighborhood’s “beloved” post office at 4300 Speedway sent shockwaves through one of Austin’s most charming and change-averse districts last year, with the possibility of the 1967 building’s demolition and replacement by something a few floors taller sparking a public discourse over whether the property’s owner and potential developer Blake Thompson of local firm State Street Properties could potentially stand trial in The Hague for the crime of gentrifying a neighborhood where the median listing price for a home approached $850,000 a few months ago.

...

The Historic Landmark Commission approved the post office modifications at its meeting late last month, but the new development across the street might take more effort, requiring rezoning by City Council from its existing residential designation — and the Hyde Park Neighborhood Association strongly opposes this potential zoning change, preferring the hypothetical housing that could someday rise at the parking lot versus the idea of commercial or retail use here now. Adding dense housing to one of the city’s most restrictive neighborhoods is a noble goal, but we’d note that the current zoning constraints on the property would only permit roughly 12 units at the site. Coverage of the project in the fledgeling Hyde Parker Magazine has a better idea:

The owner could build the apartment building with the existing zoning that he has right now or, if he provided affordable housing on site, would be allowed to build up to 60” using an affordable housing option called the Affordability Unlocked ordinance. The Affordability Unlocked ordinance supersedes the exclusionary zoning rules imposed on the site by the NCCD.

— Hyde Parker Magazine, March 2022
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  #8018  
Old Posted Mar 16, 2022, 8:36 AM
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The HLC approved Demo of Venue Lofts on consent. A vote on Demo of the Iron Bear building was postponed until the March meeting.
Iron Bear will be pushing hard for historical designation. The developer is also trying to purchase The Belmont. Apparently the owner will only sell for an “absurd” amount- Iron Bear is hoping a deal isn’t reached.

Rumor also floating around that in the next ~5 years West 4th nightclubs will be in jeopardy..
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  #8019  
Old Posted Mar 16, 2022, 1:56 PM
chinchaaa chinchaaa is offline
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I really hope 4th St. is protected. That area is more than just some bars.
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  #8020  
Old Posted Mar 16, 2022, 2:08 PM
We vs us We vs us is offline
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Rumor also floating around that in the next ~5 years West 4th nightclubs will be in jeopardy..
As hard as that is, I think we've all kind of seen that coming.

I guess I would be surprised if it DIDN'T happen, knowing the velocity of dealmaking in this city.
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