Jump to content

Proposed 36 Tower Building In Austin


JDawgATX

Recommended Posts

Hello everybody I am new to this forum as well as this being my very first post. I am not sure if the picture will come out or not of the rendering but Im still learning how to post pictures. :)

New downtown condo tower will rise 36 stories

Project will be tallest west of Congress

By Shonda Novak

AMERICAN-STATESMAN STAFF

Thursday, July 28, 2005

img.gif

A dramatic change is coming to downtown Austin's skyline, with plans under way for a $60 million condominium high-rise that would tower 36 stories over downtown's southwestern edge.

Developers expect to start construction in about a year on the tower, slated for an acre at Third and Bowie streets. The site is just west of the Gables West Avenue Lofts and two blocks south of Whole Foods Market's flagship store.

Called Spring, the tower will have several levels of parking above and below ground, plus shops on the ground floor with 20-foot sidewalks shaded by awnings.

Plans call for 220 condo units priced from about $200,000 to $400,000.

Most of the units will sell for about $250,000, said Larry Warshaw, who is developing the project with Perry Lorenz, Robert Barnstone and Diana Zuniga.

Lorenz and Barnstone were partners in the Nokonah condominiums on North Lamar Boulevard and Ninth Street. Warshaw and Lorenz co-developed the Pedernales Lofts condominiums east of downtown. Zuniga, a well-known broker, also is a principal in the partnership that sold the land.

Although some nearby neighborhood groups have opposed proposed high-rise buildings in the area, developers say their tower would be constructed so as to not block view of downtown or the Capitol.

The project will require a zoning change because the tower will rise 400 feet, nearly four times the site's existing 120-foot height limit.

It will be the tallest project west of Congress and the second tallest among a wave of new downtown towers. The highest is a 41-story residential/retail/hotel tower that developer Tom Stacy plans at Congress Avenue and Fifth Street.

"There will always be folks who think a building is too tall," Lorenz said. "You have to weigh those personal preferences against city policy and good urban planing principles" that encourage density in downtown areas."

He said the design maximizes usable space, allowing the condos to be priced below the going rate for downtown, where the average price is about $500,000.

Developers, who have briefed city officials and City Council members on the project, say they do not plan to ask for financial incentives.

Mayor Will Wynn said the project will mean a significant increase in city tax revenue

Link to comment
Share on other sites

  • 8 months later...

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
×
×
  • Create New...