East Austin Developments

[atxsnail]

Originally Posted by zrx299

There are hundreds of thousands of success stories out there of people who have overcome unimaginable odds and challenges. Adjust your frame of reference when you think you have it bad. I can guarantee you, someone out there has had it far worse. And whatever they were facing? They kicked it's ass.

My comment wasn't about me specifically. I've done pretty well for myself and I suspect most people on this board have as well. My point was really that of the Person A and B scenarios you mention, there are also hundreds of thousands of examples of people trying 100% to be Person B but the circumstances simply do not play out in their favor.

I don't think our views need to be incompatible. People should always hustle, hope, dream, and work to their fullest. Sometimes in spite of all that they could use some help. In any case I appreciate the civil discussion.

[AusTxDevelopment]

Here are a bunch of Eastside pictures from today: https://imgur.com/a/2UBY5GF

[427MM]

Great update--thanks! The city is truly behind on zoning in the area. Huge parking requirements in the Transit Oriented Development, Saltillo, are truly out of touch. As are the weak height limits--60' in a TOD doesn't foster transit.

[gillynova]

Nice drone pics! Keep it up!

[freerover]

Originally Posted by 427MM

Great update--thanks! The city is truly behind on zoning in the area. Huge parking requirements in the Transit Oriented Development, Saltillo, are truly out of touch. As are the weak height limits--60' in a TOD doesn't foster transit.

I think Ora Houston was the biggest obstacle for height for Saltillo. She was one of the worst council members that I’ve followed. Too bad her legacy lives on.

[urbancore]

FUUUUUCK Ora Huston.

on another note, how long will that metal company hang on. It's sooo weird that its still there.

[enragedcamel]

Originally Posted by AusTxDevelopment

Here are a bunch of Eastside pictures from today:

Maybe it's just me but I find it difficult to get stoked about Eastside. I feel like the buildings in your photos should be at least three times as tall. Is there some conspiracy to keep housing supply low and prices inflated?

[427MM]

Originally Posted by enragedcamel

Maybe it's just me but I find it difficult to get stoked about Eastside. I feel like the buildings in your photos should be at least three times as tall. Is there some conspiracy to keep housing supply low and prices inflated?

Our housing goals, transit goals, need for tax base and goals of being compact and connected will never be met if our fear of taller buildings outweighs our fear of failing on all of our goals. Through leadership at City Council that refuses to yield to Nimbyism we may just get there.

[ATXboom]

Originally Posted by 427MM

Our housing goals, transit goals, need for tax base and goals of being compact and connected will never be met if our fear of taller buildings outweighs our fear of failing on all of our goals. Through leadership at City Council that refuses to yield to Nimbyism we may just get there.

Your tax base comment really sticks out to me. The state just limited property tax increases (and we heard the outcries from major city leaders worried about revenue to provide city services). This might actually force cities to become denser to make up for slower revenue growth... will be curious to see how it plays out.

[427MM]

Originally Posted by ATXboom

Your tax base comment really sticks out to me. The state just limited property tax increases (and we heard the outcries from major city leaders worried about revenue to provide city services). This might actually force cities to become denser to make up for slower revenue growth... will be curious to see how it plays out.

I agree. Subsidizing central city, single family homes by keeping their zoning depressed is unsustainable and it will be harder to justify in this new world of revenue caps.

[zrx299]

Originally Posted by ATXboom View Post
Your tax base comment really sticks out to me. The state just limited property tax increases (and we heard the outcries from major city leaders worried about revenue to provide city services). This might actually force cities to become denser to make up for slower revenue growth... will be curious to see how it plays out.

Originally Posted by 427MM

I agree. Subsidizing central city, single family homes by keeping their zoning depressed is unsustainable and it will be harder to justify in this new world of revenue caps.

Costs don't magically increase YoY. A "flat rate" of taxes paid by an increasing population would naturally yield more revenue.
I'm not buying the decreased revenue cries from municipalities one bit.

Learn to manage a budget and spend within your means like every other household and entity in this country must.
Stop extorting money from the middle class based on arbitrary valuations of ill-liquid paper wealth (your home that you supposedly "own").

[ATXboom]

Originally Posted by zrx299

Costs don't magically increase YoY. A "flat rate" of taxes paid by an increasing population would naturally yield more revenue.
I'm not buying the decreased revenue cries from municipalities one bit.

Learn to manage a budget and spend within your means like every other household and entity in this country must.
Stop extorting money from the middle class based on arbitrary valuations of ill-liquid paper wealth (your home that you supposedly "own").

Preach... I agree with you there whole heart. But every bit of observation over my 45 years and a look at history tells me this will never be possible lol. If you accept that reality, then your statement that increasing population / taxable properties in fixed area (i.e. cities are no longer allowed to annex adjacent land) will yield more revenue is spot on... and this is a logical approach for cities to continue to expand tax base. It should drive subdividing single family lots - missing middle housing fingers crossed.

[Echostatic]

HEB opened a new office on East 6th today. It's the new headquarters for Favor and HEB Digital Partners.

The Eastside Tech Hub:

Image from press release

[78701]

901 E 6th will have tenants moving in next month.

[AusTxDevelopment]

Originally Posted by 78701

901 E 6th will have tenants moving in next month.

And it's for sale already. https://www.hfflp.com/property-details.html?propId=8785

The HEB/Favor building, called UpCycle in real estate circles, sold for $600-plus per square foot. That's really high for commercial real estate.

[Billy Cannon]

Originally Posted by AusTxDevelopment

And it's for sale already. https://www.hfflp.com/property-details.html?propId=8785

The HEB/Favor building, called UpCycle in real estate circles, sold for $600-plus per square foot. That's really high for commercial real estate.

Especially for the amount of parking offered

[Urbannizer]

5214 E 5th Street

Located at 5214 E 5th Street in East Austin, Texas, this development is a planned 54,000 SF office space with onsite parking. The site has convenient access to E. 5th Street, Cesar Chavez, Airport Blvd, and Hwy 183.

[zrx299]

I'm really liking the modern take on some of the better architectural styles and cues from the 1950's & '60s.

[clubtokyo]

Originally Posted by zrx299

I'm really liking the modern take on some of the better architectural styles and cues from the 1950's & '60s.

Agree!

[KevinFromTexas]

I like this one.

https://www.bizjournals.com/austin/n..._news_headline

First look: Another big office, restaurant project coming to East Austin

Riverside Resources is developing a mixed-use development at 1401 E. Sixth St. that will have office and restaurant space.