News Flash • Austin Park and Chimneystone Drainage Improveme
Update: Nov 11, 2024Beginning Wednesday (11/13) both westbound lanes of Austin Parkway at Commonwealth will be temporarily closed. Austin Parkway will remain open with two-way traffic on the eastbound lanes. The westbound lanes closure is expected to take 2 weeks based on current progress. This traffic switch is to facilitate the installation of 8’ x […]
Austin Code Change Could Slash Home Prices
It’s a weird time to be a YIMBY in Austin. On the one hand, the city’s development code and permitting process are far stricter than those of Dallas or Houston. This week, a court blocked what would have amounted to a $350 million development incentive to increase walkability in Austin’s developing South Central Waterfront neighborhood. […]
Cisco Systems Leases 27K in Downtown Austin
An international telecommunications company has eased some of the pain in downtown Austin’s office market. San Jose-based Cisco Systems leased 27,400 square feet in the 16-story Horizon Bank building at 600 West Fifth Street, the Austin Business Journal reported. The lease puts a small dent in the city’s office vacancy rate, which soared to new […]
Judge Spikes $354M Development Incentive in Austin
Much of the area surrounding the old headquarters of the Austin American-Statesman newspaper isn’t pretty, but to a developer, it may as well be the Mona Lisa. Situated on the south shore of Lady Bird Lake and wedged between downtown and trendy South Congress, the parcels are currently home to sprawling parking lots and old […]
Judge Spikes $354M Development Incentive in Austin
Much of the area surrounding the old headquarters of the Austin American-Statesman newspaper isn’t pretty, but to a developer, it may as well be the Mona Lisa. Situated on the south shore of Lady Bird Lake and wedged between downtown and trendy South Congress, the parcels are currently home to sprawling parking lots and old […]
Endeavor Buys Austin Office Building Plaza on the Lake
Endeavor has purchased Plaza on the Lake, a recently renovated office building about six miles northwest of downtown Austin. The property, located at 5000 Plaza on the Lake, spans 120,800 square feet, making it one of the larger office deals this year in the capital city. Newmark’s Chris Murphy, Robert Hill and Gary Carr repped […]
Pinnacle Rezoning for Resi, Hotel High-Rise Near Downtown Austin
Pinnacle Hotels USA is planting the seeds for a two-tower development just east of downtown Austin. The company, led by CEO Barry Lall, wants to redevelop the six-story DoubleTree UT Austin hotel into a pair of high-rises with residences and hotel rooms, the Austin Business Journal reported. The project, dubbed Pinnacle Plaza, would rise on […]
Kairoi Approved for Massive East Austin Mixed-use Project
Kairoi Residential has cleared a major hurdle that will allow it to proceed with a 115-acre mixed-use development along the Colorado River in East Austin. Austin City Council approved the San Antonio-based firm’s request to rezone the site at 827 Ed Bluestein Boulevard, east of Highway 183, from light industrial use to a designated planned […]
H-E-B Buys 20 Acres in Austin Suburb Manor
H-E-B has targeted a growing northeast Austin suburb for its next store, setting the stage for surrounding retail development. The San Antonio-based grocery chain recently purchased 20 acres within the 63-acre Manor Crossing retail center, near the intersection of U.S. Highway 290 and FM 973, in Manor, the Austin Business Journal reported. An H-E-B store […]
OakPoint Seeks Mixed-Use Zoning for Austin Office Complex
Residential redevelopment may be on the horizon for an office complex in Northwest Austin. OakPoint has requested to rezone the three-story Park and Park North, at 8200 and 8300 North MoPac Expressway, to allow residential, retail and office uses, Towers reported. The properties were built in 1981 and 1999, respectively. OakPoint, based in Austin and […]
