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A plan to connect the downtown Hilton Austin Hotel to the Austin Convention Center via a sky bridge — a proposal that a citizen commissioner last month worried might separate “the haves and the have-nots” — is gaining momentum at City Hall.
The Planning Commission voted 7-2 May 23 to recommend giving the project the green light. Austin City Council will weigh in next.
Click to read more at Austin Business Journal.
World Class Capital Group continues to make some interesting real estate acquisitions in Austin, but Nate Paul, its high-profile founder and CEO, isn’t discussing them. The private Austin-based real estate investment firm has picked up a property that houses IHOP restaurant at 707 E. Cesar Chavez St. It’s at one of the busiest intersections in the city, just west of I-35.
Click to read more at Austin Business Journal.
Trammell Crow Co. has won the assignment to redevelop a downtown block owned by the University of Texas System — a prime parcel that could support high-rises and other dense uses in a section of the Central Business District that is buzzing with construction activity.
Click to read more at Austin Business Journal.
By Sue Durio
To say that Austin, Texas, circa 1991 looked much different than it does today is an obvious understatement to those who have been around Central Texas for a while. Dell Computer was but a fledgling company, only three years old. The Austin Convention Center was still a gleam in the eye of city leaders. Austin population had barely passed the 500,000 mark. And the still-young South by Southwest festival’s attendance was in the hundreds, not the hundreds of thousands.
America’s next great “city” stretches from Austin through San Marcos down to San Antonio, according to prominent economist and urban studies expert Joel Kotkin.
Writing for Forbes this week, Kotkin said “if you were to look for the next great American metropolis, there’s probably no better bet than the emerging San Antonio-Austin corridor.”
Click to read more at Austin Business Journal.
AUSTIN – Six years in the making, one of the largest mixed-use projects being developed along the red-hot Burnet Rd. corridor is delivering.
Residents are moving into Burnet Marketplace, 6701 Burnet Rd., and most of the retail space has been leased, as well.
Argyle Residential, who began the project in late 2013, expects the project to be fully stabilized at the end of this year with an average occupancy rate of 95 percent.
Read more at Real Estate Center.