West Sixth Street Block Could Be Transformed Under Mixed-Use Clarksvillage Development Plans
Community Impact – 7/13/2022
A stretch of West Sixth Street now home to a selection of shops, eateries and historic buildings could be in line for a vertical mixed-use makeover.
The Clarksvillage development from Riverside Resources would be located on the southern edge of the Clarksville neighborhood. Clarksvillage would stack a mix of offices, homes and a boutique hotel atop street-level retail space running between 1110 and 1204 W. Sixth St. The plans also include three stories of underground parking below the commercial and residential space. As currently laid out, Clarksvillage would feature several landscaped, five-story buildings along the 1100 block of West Sixth all based around an internal courtyard network.
More Housing May Be Heading Toward Tesla Gigafactory
ABJ – 7/14/2022
The future of a large tract east of Manor will remain cloudy for at least another week after the Manor Planning & Zoning Commission cast split votes to rezone it for future development. The acreage is currently unzoned in Manor’s extraterritorial jurisdiction just south of State Highway 290 and just east of Old Kimbro Road, and most of it would be zoned for townhomes while almost 10 acres will be zoned for medium commercial use. With the vote split, the issue of rezoning is expected to go before Manor City Council next week.
Georgetown Rail Maintenance Company Eager To Expand R&D Center
ABJ – 7/13/2022
A global rail maintenance and rail services company based in Georgetown is gearing up to start work on an innovation center for research and development that will nearly double the company’s headcount to more than 300. Loram Technologies Inc., which was previously known as the Georgetown Rail Equipment Co., has planned to expand its operations with a $17 million facility at 3502 S. Austin Ave. Construction could start within the next few months, and be completed by the middle of 2025.
Headliners Club Renews Lease at Chase Tower in Downtown Austin, Texas
CoStar – 7/13/2022
A private club founded by a former newspaper editor has renewed its lease on the top floor of Chase Tower in downtown Austin, Texas. The Headliners Club renewed its 22,902-square-foot lease at the tower, which is located at 221 W. Sixth St. and plans to “renovate and modernize” its space.
Austin Habitat For Humanity Breaks Ground On Its Second Multifamily Project
ABJ – 7/11/2022
Austin Habitat for Humanity broke ground on the organization’s second multifamily development in Travis County on July 8, further affirming the housing advocacy organization’s pivot to denser construction projects amid the city’s ever-rising entry cost for homeownership.
On the grounds of the new project located on a .69-acre site along Montopolis Drive at 6301 Círculo De Amistad in East Austin, the organization plans to construct six buildings for a total of 12 new units of affordable housing for the city in District 3.
Central Texas City Council Greenlights New Incentives for Samsung’s $17 Billion Plant
CoStar – 7/15/2022
One of the largest and most expensive projects in the nation could become even bigger with a small town north of Austin, TX, approving expanded parameters for Samsung’s $17 billion semiconductor plant. The City Council in Taylor voted to approve Samsung’s request to expand the land boundaries of its semiconductor plant on July 14. Council members also approved two new incentive deals, one of which calls for the city to receive revenue from any so-called use tax that Samsung would pay.
Disrupt Equity Acquires Austin Multifamily Property For $30.1M
REBusiness – 7/13/2022
Houston-based investment firm Disrupt Equity has acquired Cascade, a 198-unit multifamily property located just south of downtown Austin, for $30.1 million. Built in 1971 and renovated in 2016, Cascade offers one-, two- and four-bedroom units. Disrupt Equity plans to continue with capital improvements to interiors of select units and amenity spaces.
1000-Acre Residential Development Takes Step Forward Near Lake Travis
ABJ – 7/13/2022
A proposed 1,047-acre development featuring homes, condominiums and a golf course in the hills of northwest Austin is one step closer to becoming a reality.
The Travis Club, near the banks of Lake Travis, is planned to include 274 single-family lots and 223 villa units on the expansive plot along Bee Creek Road between Thurman Bend Estates and the Siesta Shores community. In a 4-1 vote during the Travis County commissioners’ July 12 meeting, variances for the planned community regarding the project’s water management, utility use and site plans received approval.
Project Connect To Break Ground On McKalla Station On July 18
Community Impact – 7/14/2022
State and local leaders are set to mark the official start of construction on the McKalla Station outside of Q2 stadium from 6 to 8 p.m. on Monday, July 18 in North Austin at 10414 McKalla Place. The estimated $24 million station, which is expected to be completed in fall 2023, is a public-private partnership with Austin FC taking on $3.64 million of expenses over 15 years. The design for the proposed station includes two passenger platforms, a passenger crossing, canopy coverings and other customer amenities.