DOWNTOWN AUSTIN DEVELOPMENT November 2019 Development Summary Austin has seen a large amount of development activity in the urban core this past year. With eight projects completed in 2019, 18 under construction, and 17 planned, downtown development doesn’t seem to be slowing any time soon. While residential and hotel projects continue to dominate across downtown, we have seen a remarkable increase in commercial office projects along Colorado Street, creating a 21st century urban office district. There are three office towers under construction along Colorado Street totaling 1.2 million square feet and representing almost half of the 3.5 million square feet of office space underway in downtown. d v l B r a m a L As a whole, downtown has 3.7 million square feet of office space under construction, representing an amazing 23% of our current multi-tenant inventory. 6X Guadalupe, Austin’s next tallest building, broke ground this past month. The project is located just two blocks north of downtown’s marquee greenspace, Republic Square. Downtown’s unprecedented surge in development is reflective of Austin’s emergence on the national stage as both the top overall real estate prospect1 as well as the number one place to live2. Martin Luther King Jr Blvd 15th Street Texas State Capitol WP d v l B o t n i c a J n a S e u n e v A s s e r g n o C 6th Street MR Convention Center 11th Street I - 3 5 Plaza Saltillo Cesar Chavez Street Lady Bird Lake Rainey District South Central Waterfront Emerging Development Recently Completed Under Construction Planned or Proposed Public Projects The Otis Hotel - (hotel, 40,000 sf) The Huston - (residential, 350,000 sf) 1836 San Jacinto - (office, 248,596 sf) Alexan Capitol - (residential, 421,000 sf) State Office Building #1 - (public, 603,000 sf) The Tyndall at Robertson Hill - (residential, 182,000 sf) 410 Uptown - (office) Episcopal Church Site Block 87 - (mixed use) 17th Street Condos - (residential) Hyatt Centric Hotel - (hotel) State Office Building #2 - (public, 416,000 sf) 701 Rio Grande - (office) SXSW Center - (office, 143,988 sf) Canopy by Hilton - (hotel, 120,000 sf) 1313 Red River Street - (office) 6X Guadalupe - (office) 1205 Nueces at Capitol West - (office, 11,297 sf) Indeed Tower - Block 71 - (office, 669,130 sf) 1204 San Antonio Street - (office, 41,698 sf) Hanover Republic Square - (apartments, …
DOWNTOWN COMMISSION MINUTES REGULAR MEETING WEDNESDAY, JANUARY 15, 2020 The Downtown Commission convened in a meeting on Wednesday, January 15, 2020 at 301 W. 2nd Street in the Boards & Commissions Room. Downtown Commissioners in Attendance: Chair Joel Sher, Vice Chair Jennifer Bristol, Commissioner Chris Kanipe, Commissioner David Gomez, Commissioner Christopher Lehman, Commissioner Jim Schissler, Commissioner Megan Meisenbach, Commissioner Melissa Henao-Robledo, Commissioner Ben Heimsath, Commissioner Richard DePalma Downtown Commissioners Not in Attendance: Commissioner Meghan Skornia, Commissioner Sam Sargent, Commissioner Andrew Harrison, Commissioner August Harris, Commissioner Cynthia Weatherby, Commissioner Felipe Garza City Staff in Attendance: Christine Maguire and Mona Sanchez, Economic Development Department Jason Redfern and Joseph Al-Hajeri, Austin Transportation Department 1. CALL TO ORDER The meeting was called the meeting to order at 5:30 p.m. 2. CITIZEN COMMUNICATION: GENERAL No citizens were signed up to speak. 3. APPROVAL OF MINUTES OF THE DECEMBER 18, 2019 MEETING MINUTES Vice Chair Bristol motioned to approve the December 18, 2019 meeting minutes with Commissioner Lehman’s second on a vote of 7-0. 4. PARKING ENTERPRISE The Commission received a presentation from Jason Redfern and Joseph Al-Hajeri, Austin Transportation Department. The Commission received a presentation from Jenell Moffett and Michele Van Hyfte, Downtown Austin Alliance. No action was taken. 5. DOWNTOWN DEVELOPMENT No action was taken. - 1 - 6. WORKING GROUPS A. Moonlight Tower Working Group No progress to report. B. Austin Core Transportation Plan (ACTP) Working Group The Working Group met on January 3rd with staff from the Austin Transportation Department (ATD) Development Division and received an update on their progress on their stakeholder outreach. The Working Group provided them with the stakeholder list that they developed; the Working Group will continue to work with ATD. ATD also provided the Working Group with a preliminary schedule of the work on the ACTP to be completed. 7. ITEMS FROM OTHER COMMISSION Commissioner Heimsath reported the Historic Landmarks Commission is seeing more cases where development is pressuring established landmarks. He noted the controversy over the 30+ story tower proposed for the Masonic Lodge is likely a foreshadow of more conflicts to come. Commissioner DePalma reported that he anticipates that the Parks and Recreation Board will be discussing the Lady Bird Lake Rowing concession and the potential expansion and an amendment to the existing contract with partners Downtown Austin Alliance and Austin Parks Foundation for the improvement, management and operation of Republic Square …
