AUSTIN | Waterline | 1,034 Feet | 73 Floors | T/O - Page 24

the Genral · #1 Posted **Mar 14, 2016, 7:58 PM**

Quote:

Originally Posted by corvairkeith

Looks like the design has been scaled back a bit.

With the right structural engineering, they could maybe add 50+ floors on top of this at a later time if needed.

wwmiv · #2 Posted **Mar 14, 2016, 5:47 PM**

I be like:

https://www.youtube.com/watch?v=AqItaPJKusM

urbancore · #3 Posted **Mar 14, 2016, 6:24 PM**

I've heard a rumor (from a credible source) that Sutton has a substantial offer on the table to the owners of the next door condos, the Villas. Wonder if that has slowed things down.

Spaceman · #4 Posted **Mar 14, 2016, 6:26 PM**

Quote:

Originally Posted by Dcbrickley

I've heard a rumor (from a credible source) that Sutton has a substantial offer on the table to the owners of the next door condos, the Villas. Wonder if that has slowed things down.

Some family friends own a condo at the Villas and have confirmed this rumor.

urbancore · #5 Posted **Mar 14, 2016, 6:29 PM**

Quote:

Originally Posted by Spaceman

Some family friends own a condo at the Villas and have confirmed this rumor.

Do you know if it has been accepted?

Spaceman · #6 Posted **Mar 14, 2016, 9:20 PM**

Quote:

Originally Posted by Dcbrickley

Do you know if it has been accepted?

As of two weeks ago, no word yet

AustinGoesVertical · #7 Posted **Mar 14, 2016, 9:24 PM**

Quote:

Originally Posted by Dcbrickley

I've heard a rumor (from a credible source) that Sutton has a substantial offer on the table to the owners of the next door condos, the Villas. Wonder if that has slowed things down.

Can confirm there have definitely been discussions as I know of someone who lives in that building. (Truly my mom's friend's friend so it's removed source lol) but from what I've heard there was a hold up as the residents feel they'd never get equal value for what the current price of square footage would be in a similar location. I personally thought they could have arranged a deal where Villas residents get some discount on the future new units and maybe talks have heated up again.

I didn't realize it was Sutton exploring that land though. Would they expand the Waller Park Place project even further. Wasn't it already ambitious enough?

The ATX · #8 Posted **Mar 14, 2016, 9:38 PM**

They have the surface lot next to the IHOP, the WPP site and now the Villas (maybe)? They also had the Millennium site until they sold it instead of building their awesome Gateway proposal. I don't have much faith in Sutton when it comes to building anything. They seem to be mainly land holders/sellers.

Spaceman · #9 Posted **Mar 15, 2016, 1:24 AM**

Quote:

Originally Posted by AustinGoesVertical

Can confirm there have definitely been discussions as I know of someone who lives in that building. (Truly my mom's friend's friend so it's removed source lol) but from what I've heard there was a hold up as the residents feel they'd never get equal value for what the current price of square footage would be in a similar location. I personally thought they could have arranged a deal where Villas residents get some discount on the future new units and maybe talks have heated up again.

I didn't realize it was Sutton exploring that land though. Would they expand the Waller Park Place project even further. Wasn't it already ambitious enough?

The amount for our friends would be roughly $950K..I don't know if the residents have a right of refusal, if so, one resident could kill the deal

The ATX · #10 Posted **Apr 8, 2016, 12:18 PM**

Austintowers is reporting that the remainder of the site (south of Willow St.) was cleared this week.

http://austintowers.net/news/

Jdawgboy · #11 Posted **Apr 8, 2016, 5:52 PM**

Quote:

Originally Posted by The ATX

Austintowers is reporting that the remainder of the site (south of Willow St.) was cleared this week.

But no other news regarding what will actually happen next?

GoldenBoot · #12 Posted **Apr 9, 2016, 6:35 PM**

Insert cricket noise here...

The ATX · #13 Posted **Apr 9, 2016, 9:23 PM**

Quote:

Originally Posted by GoldenBoot

Insert cricket noise here...

I think the demo noise scared off the crickets. But they are in the process of moving back in right now.

Jdawgboy · #14 Posted **Apr 19, 2016, 7:44 PM**

This one is just driving me nuts. No official word on when, if anything is going to happen.

Just clear the land and let it sit for a few years...

GoldenBoot · #15 Posted **Apr 19, 2016, 8:12 PM**

Quote:

Originally Posted by Jdawgboy

This one is just driving me nuts. No official word on when, if anything is going to happen.

Just clear the land and let it sit for a few years...

Yes. Exactly. The land is now, actually more valuable than it was with the buildings on it (especially with an approved site plan for ~1.4 million SF of space).

Save yourself from a coronary and move on from this project. This one may very well be Tom Stacy - Mark 2.

If Sutton does build something on this site, it will more than likely not resemble what is currently proposed. Remember, he kept slightly downsizing it with every news or rendering release. Initially, the largest tower was going to approach 60 stories.

OKTX · #16 Posted **Apr 19, 2016, 8:07 PM**

I spoke with a prominent local developer last week and asked him about this project and Zaza. For Waller, he said they don't have all of the financing and it's looking more and more likely that this would happen next cycle unless a new equity partner steps up to the plate. There has been significant tightening in credit markets across the US, so getting a complete cap stack is getting tougher. Hope I'm wrong...

We vs us · #17 Posted **Jun 22, 2016, 8:52 PM**

So does this mean the development now has 4 towers? The original 3 + the one for the Villas?

resansom · #18 Posted **Jun 22, 2016, 9:12 PM**

Quote:

Originally Posted by We vs us

So does this mean the development now has 4 towers? The original 3 + the one for the Villas?

The Villas are located to the south of the WPP site. It appears as if they're planning for two towers at that location, based on that rendering. It also appears as if they've made some needed design changes to the WPP towers, as well.

austlar1 · #19 Posted **May 13, 2016, 10:28 PM**

For what it might be worth, Wikipedia is now referring to 360 10th Ave, McCourt Globals much vaunted $3billion NYC project, in the past tense. According to the Wiki post, "360 Tenth Avenue is an unbuilt skyscraper in the Hell's Kitchen neighborhood of Manhattan in New York City. It would have been 772 ft (235 m) tall and have 61 floors." I can't find any post 1914 posts on this project with a Google search. I think we can just hang it up with the Waller Creek project. Seems like the site along the creek is hexed. All the projects announced for that spot never get built.

Spaceman · #20 Posted **May 15, 2016, 3:01 AM**

Quote:

Originally Posted by austlar1

For what it might be worth, Wikipedia is now referring to 360 10th Ave, McCourt Globals much vaunted $3billion NYC project, in the past tense. According to the Wiki post, "360 Tenth Avenue is an unbuilt skyscraper in the Hell's Kitchen neighborhood of Manhattan in New York City. It would have been 772 ft (235 m) tall and have 61 floors." I can't find any post 1914 posts on this project with a Google search. I think we can just hang it up with the Waller Creek project. Seems like the site along the creek is hexed. All the projects announced for that spot never get built.

The Waller Creek "River Walk-Tunnel" has been jinxed since day one..Now this McCourt project is DOA..Even that old abandoned house south of Moonshine sits unused for years..Maybe ghosts that occupy that old house are putting the Gris Gris on that area..WTF is going on??