Austin | The Liberty (14th & Lavaca) | 419 Feet | 35 Floors | Approved

[The Lorax]

You are correct, the CVCs are not as serious of an impediment to density downtown as some would have you believe. The Capitol Terrace project clearly demonstrates that density and CVCs can co-exist.

[M1EK]

Originally Posted by The Lorax

You are correct, the CVCs are not as serious of an impediment to density downtown as some would have you believe. The Capitol Terrace project clearly demonstrates that density and CVCs can co-exist.

You are incorrect. The Capitol Terrace project was planned for a block which was only marginally affected by CVCs; many other blocks are more seriously affected. The blight around Woolridge Park is an obvious counter-example.

[LoneStarMike]

Comment from October 9, 2009:

Originally Posted by Downtown_Austin

Here is the site as it looks today

Fast forward 11 years:





It's still on the Downtown Austin Alliance's Emerging Projectspage as of September 20, 2020.

Developer's website.

Sabot Development - 14th & Lavaca – Downtown Austin Hotel Site

If you scroll through the images, you an see that gas-station looking building, so this has to be the same project.

From the Austin Business Journal - February 6, 2020:

High-rise luxury hotel pitched for nearly half-acre downtown near SXSW Center

Jim Young may be considered a minor player when it comes to real estate development in booming Austin. But his ties to the community and ability to move quickly on a deal can sometimes put him ahead of the crowded field.

That’s certainly how he and business partner Vinyl Manohar, of Twin Crest Capital, were able to acquire on Jan. 6 a nearly half-acre tract at the corner of 14th and Lavaca streets in downtown Austin. The parcels at 301 and 303 W. 14th St. and 1304 and 1308 Lavaca St. are across 14th street from the wave-shaped SXSW Center.

[SNIP]

The best and highest use of the site is a hotel because of its proximity to the Texas State Capitol and the University of Texas at Austin, the property owners said. The site also doesn’t have enough space for the amount of parking that an apartment tower would require.

[SNIP]

While Young has already gotten offers to buy the 14th and Lavaca site, he said he wanted to determine the land’s highest value by showing how large a building could be built on the site and offering it for sale as a potential hotel site. About 95% of the site is outside of the capitol view corridor, he said.

Manohar said the ultimate goal is to develop a hotel at the site, and he’s already in conversations with Ace Hotels, Hilton, Hyatt and Marriott. Taking the property to market will allow the developers to create equity that will allow them to finance the hotel project, he said.

Conceptual plans for call for a luxury, 12-story hotel with 192 rooms, 7,000 square feet and a rooftop bar, Manohar said.

He purchased the site in early January of 2020 back when we were stiill normal. I don't know what effect COVID 19 will have on this project.

[The ATX]

I changed the thread title to reflect the hotel proposal. The ABJ article describes it as 12-stories while the rendering shows 18. I can finally remove the Capitol Terrace office project from my list projects. The ABJ article about Sabot's hotel proposal was posted before, but I never realized that it was the same site as the Capitol Terrace project.

[MichaelB]

Originally Posted by Downtown_Austin

In terms of how people currently think of downtown, I would agree with you. But, in fact, the boundaries of both DANA and the DAA include 14th St and actually include everything south of MLK.

Agreed, it is "downtown". It only people who don't live in the area that think different.

[Urbannizer]

https://austin.towers.net/a-new-deve...west-downtown/

A New Developer Takes the Wheel at 14th and Lavaca in Northwest Downtown

As we so brilliantly predicted a while back after seeing a number of projects here and connecting some pretty obvious dots, the northwestern quadrant of downtown is increasingly looking like the central city’s next frontier for growth — and there’s a new face on the block, with local developer Pearlstone Partners along with their frequent collaborators at New York-based ATCO Properties appearing to purchase the quarter-block at the southwest corner of West 14th and Lavaca Streets.

[Geckos_Rule]

It's worth noting that these new developers are Pearlstone Partners and ATCO, which is the same team to do the "Vesper" on East Ave. near Rainey (along with a number of smaller projects elsewhere).

So I wouldn't be surprised if this ends up looking like a scaled down version of that, or at best, a direct copy but with different paint colors.

[We vs us]

Originally Posted by Geckos_Rule

It's worth noting that these new developers are Pearlstone Partners and ATCO, which is the same team to do the "Vesper" on East Ave. near Rainey (along with a number of smaller projects elsewhere).

So I wouldn't be surprised if this ends up looking like a scaled down version of that, or at best, a direct copy but with different paint colors.

If we could get the Vesper's height, I'd count it as a victory.

[The ATX]

Frankly, a surface lot would be an improvement based on what's there now.

[paul78701]

https://www.bizjournals.com/austin/n...own-lamar.html

A former gas station at 14th and Lavaca streets could be turned into a residential high-rise as part of a development being pursued by Pearlstone Partners.

They are targeting ground breaking for early 2023.

[JollyvilleJ-Rad]

Originally Posted by paul78701

https://www.bizjournals.com/austin/n...own-lamar.html



They are targeting ground breaking for early 2023.

I don't think it'll be any taller than the SXSW building across the street due to the capitol dominance overlay, but a mid-rise will certainly be an improvement! "High-rise" might be a bit of a stretch...

[The ATX]

That site has a 165' height limit. So we're looking at 14 or so floors for condos.

[427MM]

The capitol dominance overlay was to go away in the new land use code. Instead, the developer now must pay lobbyists and go through an unpredictable, costly discretionary process at City Hall. NIMBYs do love our lame land use code where we must beg to do anything that makes sense.

Really like that this is a Pearlstone dev. They are doing big things for housing in this city.

[Urbannizer]

[Urbannizer]

https://finance.yahoo.com/news/pearl...211100122.html

Pearlstone is hard at work in the design and development phase for another residential high-rise development at 14th and Lavaca Street. Along with partner ATCO, Pearlstone Partners closed on the site in November 2021, will break ground on the project in 2023, and expects completion in 2025.

[ATX2030]

Heavy machinery and workers on-site today. Looks like demo is imminent.

[ATX2030]

14th and Lavaca Is Austin’s First Victory Over the Capitol Dominance Overlay

https://austin.towers.net/14th-and-l...nance-overlay/

[uhhh_idk]

Do we know what the max. height for this building can be given the new policy on capital dominance overlay in the area?

[The ATX]

Originally Posted by uhhh_idk

Do we know what the max. height for this building can be given the new policy on capital dominance overlay in the area?

The Towers' article in the previous posts gives some idea. This project for example, could go from 13 to 31 floors. But I haven't seen exact building height numbers for what the zoning change allows.

[uhhh_idk]

Originally Posted by The ATX

The Towers' article in the previous posts gives some idea. This project for example, could go from 13 to 31 floors. But I haven't seen exact building height numbers for what the zoning change allows.

Just looked a little closer, and the second graphic of the proposed tower says a limit of 400' with the density bonus. Hoping they use the full 400' instead of the 345' that they used on the graphic.