AUSTIN | Hobby Block Redevelopment (Two Towers) | FT? | 94 & 78 FLOORS

[Ahoi]

„ The 1.75-acre full city block, which the state owns in addition to the building, is outside Capitol view corridors that restrict the heights of some downtown developments, making it potentially a prime location for an office skyscraper, high-rise apartment complex or towering mixed-use project if the building eventually is torn down. The facilities commission pegs the “replacement value” of the 419,000-square-foot Hobby building at $152 million, an estimate that doesn’t include the value of the lot or take into account the possibility of a bidding war.„

https://www.statesman.com/story/news...ty/5587000007/



Marketing materials

https://austin.towers.net/heres-how-...uld-redevelop/

[Charmy2]

Looks tall, any idea of a height figure?

[The ATX]

That's a vision from a marketing brochure for the site. There is no height figure, but the brochure envisions 94-story and 78-story mixed use towers. The block is owned by the State of Texas and the office buildings on the site were abandoned when the State moved into new office buildings closer to the Capitol building. The taller tower would definitely be a supertall while the second tower could be close. Here is the info from CBRE, and a link to the brochure is at the site:

https://www.loopnet.com/Listing/333-...n-TX/29278484/

[The ATX]

X-posting from the main thread for this project in the Austin sub-forum...

Originally Posted by loonytoony

In order to accomodate the affordable housing wants: what we'll see will either be tall as you say, or quite possibly, there will be multiple towers. From what I've gathered there were at least three proposals submitted and a decision will be made at some point this year.

[futuresooner]

Any proposal pushing the parking underground would be much better than >10 stories of parking.