AUSTIN | Waterline | 1,034 Feet | 73 Floors | T/O - Page 16

The ATX · #1 Posted **May 1, 2015, 9:16 PM**

Progress. The site plan was approved and released today:

https://www.austintexas.gov/devrevie...erRSN=11055030

KevinFromTexas · #2 Posted **May 1, 2015, 9:27 PM**

Quote:

Originally Posted by Hill Country

Progress. The site plan was approved and released today:

https://www.austintexas.gov/devrevie...erRSN=11055030

Cool. I don't see any files with heights yet, but in the past they have added them later after it was approved. I hope they do, because I'd hate to have to track down all the heights for 3 buildings.

The ATX · #3 Posted **May 1, 2015, 9:29 PM**

Quote:

Originally Posted by KevinFromTexas

Cool. I don't see any files with heights yet, but in the past they have added them later after it was approved. I hope they do, because I'd hate to have to track down all the heights for 3 buildings.

That info may be attached soon. We'll just keep checking the link.

AustinGoesVertical · #4 Posted **May 1, 2015, 9:33 PM**

Quote:

Originally Posted by Hill Country

That info may be attached soon. We'll just keep checking the link.

Yes! So does this mean we'll be seeing renderings soon?

The ATX · #5 Posted **May 1, 2015, 9:37 PM**

Quote:

Originally Posted by AustinGoesVertical

Yes! So does this mean we'll be seeing renderings soon?

It better.

A groundbreaking announcement should be coming soon too.

ILUVSAT · #6 Posted **May 1, 2015, 9:47 PM**

Quote:

Originally Posted by AustinGoesVertical

Yes! So does this mean we'll be seeing renderings soon?

I'm kind of scared to see what the final renderings look like, especially with the recent dumbing down of local tower projects.

PLEASE, PLEASE have the 56-story tower crack the 700' barrier.

KevinFromTexas · #7 Posted **May 1, 2015, 10:28 PM**

Again, I never ever thought The Independent would crack the 700 foot mark. It was all just wishful thinking by some on the forum. I would still be cautious about the other projects heights as well. Better to be pleasantly surprised then disappointed. I don't like to get my hopes up by getting overly excited about projects. Until I see it coming out of the ground and ultimately finished, I don't hold my breath.

ILUVSAT · #8 Posted **May 1, 2015, 10:36 PM**

Quote:

Originally Posted by KevinFromTexas

Again, I never ever thought The Independent would crack the 700 foot mark. It was all just wishful thinking by some on the forum. I would still be cautious about the other projects heights as well. Better to be pleasantly surprised then disappointed. I don't like to get my hopes up by getting overly excited about projects. Until I see it coming out of the ground and ultimately finished, I don't hold my breath.

Not trying to split hairs...But, it (The Independent) would have been over 700' with 4 levels of office included in an earlier proposal, correct?

wwmiv · #9 Posted **May 1, 2015, 10:41 PM**

Quote:

Originally Posted by ILUVSAT

Not trying to split hairs...But, it (The Independent) would have been over 700' with 4 levels of office included in an earlier proposal, correct?

Probably narrowly.

ILUVSAT · #10 Posted **May 1, 2015, 10:42 PM**

Quote:

Originally Posted by wwmiv

Probably narrowly.

If I am not mistaken, it would have added roughly 60' to the total height, yielding a 745' tower.

AustinGoesVertical · #11 Posted **May 1, 2015, 10:48 PM**

Quote:

Originally Posted by ILUVSAT

If I am not mistaken, it would have added roughly 60' to the total height, yielding a 745' tower.

Someone on here posted a 750 ft projection at one point so that seems like that's what made this one dip below 700'

SkyPie · #12 Posted **May 1, 2015, 11:11 PM**

Maybe this is already known, but I heard today (from a friend of somebody that owns there) that the developer is planning to buy out the condos at what I think is 80 Red River Street (west of the Hotel VanZandt, where Red River dead ends). The story I heard is that they are planning to offer significantly above market rate for the condos as an enticement to get everyone to sell.

wwmiv · #13 Posted **May 1, 2015, 11:16 PM**

Quote:

Originally Posted by SkyPie

Maybe this is already known, but I heard today (from a friend of somebody that owns there) that the developer is planning to buy out the condos at what I think is 80 Red River Street (west of the Hotel VanZandt, where Red River dead ends). The story I heard is that they are planning to offer significantly above market rate for the condos as an enticement to get everyone to sell.

Villas on Town Lake? That's actually pretty surprising. I used to fuck a DL soccer player who lived there.

SkyPie · #14 Posted **May 1, 2015, 11:20 PM**

Quote:

Originally Posted by wwmiv

Villas on Town Lake? That's actually pretty surprising. I used to fuck a DL soccer player who lived there.

Yes, that's the one...

wwmiv · #15 Posted **May 1, 2015, 11:26 PM**

Quote:

Originally Posted by SkyPie

Yes, that's the one...

I see no reason why that parcel needs to be redeveloped.

This suggests that the parcel recently acquired at the SE corner of Red River and Cesar Chavez may actually not be just staging ground, but is instead a planned eventual expansion of the project as well.

Does this developer really have access to so much capital to expand this project outward to not one, not two, but three additional parcels (the club/restaurant across the creek, the SE corner of Red River and Cesar Chavez, and now the Villas lot) when so many other projects are shrinking due to lack of capital?

austlar1 · #16 Posted **May 1, 2015, 11:38 PM**

Quote:

Originally Posted by wwmiv

I see no reason why that parcel needs to be redeveloped.

This suggests that the parcel recently acquired at the SE corner of Red River and Cesar Chavez may actually not be just staging ground, but is instead a planned eventual expansion of the project as well.

Does this developer really have access to so much capital to expand this project outward to not one, not two, but three additional parcels (the club/restaurant across the creek, the SE corner of Red River and Cesar Chavez, and now the Villas lot) when so many other projects are shrinking due to lack of capital?

More will be revealed. I'm inclined to think that this is going to happen later rather than sooner. The local guy (Mac Pike/Sutton Company) can crow all he likes, but the truth is that unless McCourt and partners in NY turn on the money spiggot, this project is not going to get built. I think McCourt and his partners are pretty leveraged with multi-billion dollasr projects in NYC at the present time.

the Genral · #17 Posted **May 2, 2015, 1:55 AM**

You could define hyperbole with many a developer's statements; soon, imminant start, a seasonal groundbreaking date, ie: winter, spring, summer, fall, and by initial renderings. What they are doing is basically getting the word out there and keeping our attention. What it feels like is...HA HA, made you look! Sucker!!

wwmiv · #18 Posted **May 2, 2015, 1:56 AM**

LOL ^this^

austlar1 · #19 Posted **May 2, 2015, 3:53 AM**

I predict that in 2015 they might raze the old Chain Drive, but they'll continue to squeeze out a little bit of revenue from the building on the corner of Waller and Red River. When they really do some site preparation I might be more convinced that this is about ready to happen.

Austin Goes Vertical, what municipal funds are you referring to in your previous post?

AustinGoesVertical · #20 Posted **May 2, 2015, 4:07 AM**

Quote:

Originally Posted by austlar1

I predict that in 2015 they might raze the old Chain Drive, but they'll continue to squeeze out a little bit of revenue from the building on the corner of Waller and Red River. When they really do some site preparation I might be more convinced that this is about ready to happen.

Austin Goes Vertical, what municipal funds are you referring to in your previous post?

It was stated in this article http://americanbuildersquarterly.com...utton-company/ posted by Hill Country on April 7th. The subheading talking about WPP capitalizing on municipal funds makes me think they're getting some partial funding (albeit a small amount) from the city for this project. Could have misconstrued the context though.