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Mixed-Use Project for Downtown Proposed — 3 Towers

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Two Austin developers are proposing a $500 million mixed-use project downtown that — if it happens — would change the skyline with three new towers, including a high-rise with condominiums and hotel rooms that could become Austin’s tallest building.

 

Mac Pike and Wally Scott, principals in the Sutton Co., a real estate investment and development company, told the American-Statesman they want to build their project — tentatively called Waller Center — on 3 acres near East Cesar Chavez and Red River streets, along the banks of Waller Creek.

 

Read More: http://www.statesman.com/news/business/proposed-project-3-downtown-towers-one-up-to-65-st/nXdk3/

 

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Whoa, that is going to the tallest building in Austin right?

Yep. It's expected to be around 750' - 800' feet. There's alao a hotel planned for another site across the street that will be 691' feet.

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Yep. It's expected to be around 750' - 800' feet. There's alao a hotel planned for another site across the street that will be 691' feet.

 

I am guessing the Fairmont? A lot of good things are happening in Austin, I am loving the transformation.

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Is Austin zoned to only allow tall buildings downtown? Is this the reason why they're getting so many?

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Is Austin zoned to only allow tall buildings downtown? Is this the reason why they're getting so many?

 

I wouldn't think so because there are a couple of buildings being built/proposed in downtown under 20 stories.

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I wouldn't think so because there are a couple of buildings being built/proposed in downtown under 20 stories.

Sorry, I meant is their downtown the only place they're allowed to build tall buildings?

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Sorry, I meant is their downtown the only place they're allowed to build tall buildings?

 

In that case, I wouldn't know. 

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Sorry, I meant is their downtown the only place they're allowed to build tall buildings?

 

There's also the Rainey district -- rezoned in 2004 to encourage more development near the convention center.

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This is likely not the final design as this project is still being tweeked. A New York City based company has signed on as the financial backer and the tallest tower may still rise over 50 stories.

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In that case, I wouldn't know.

Downtown Austin is currently the only area in the city that is zoned for major highrise towers though that will change once the remaining lots open for development are snatched up. There is a series of Capitol View Corridors that radiate from the State Capitol Building. In these areas, buildings are not allowed to be built over 15 floors.

However outside of the CVC's there are lots that have no height limit therefore a developer could build as tall as they deem feasible.

There are also some other specific height overlays such as the Riverfront Overlay which keeps highrises from being built right up to the Colorado River. It is mostly a step back requirement. There is a height limit within the Warehouse District as well.

I used to think these were limiters for tall buildings in Austin but they actually create an environment that requires development to build up rather than out. There CVC's are a great example of this as we have highrises such as the 360 and Spring Towers which part of their lots have are within a CVC. The result being the developers had to build up. Instead of 360 being a 26 floor residential building, it rises to 44 stories. Spring rises to 43 stories, it is actually wedged between two CVCs. There are a couple of CVC's that could be removed but overall they have been beneficial to the city.

The Warehouse District is one of the many entertainment districts within Downtown. The cool thing about the Overlay is it has created an island surrounded by highrises on all sides. You can go to the many rooftop clubs and restaurants and enjoy awesome views of the city.

Edited by JDawg512
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Almost fell out of my chair reading the slightly misleading title, anyways that's great for Austin! For some reason I prefer the second rendering of the complex as opposed to the newest or maybe I need new glasses...

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Almost fell out of my chair reading the slightly misleading title, anyways that's great for Austin! For some reason I prefer the second rendering of the complex as opposed to the newest or maybe I need new glasses...

Im half and half on the recent renderings. I really think there will be new ones released by summer. This is a huge project with a very prominent location. With this project and the Fairmont across the street, these towers will totally dominate over I-35 coming in from both north and south.

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