Austin | One Ladybird Lake | Feet? | 17 Floors | Proposed

[Urbannizer]

Came across a confidential document that’s…not so confidential. The Related Companies plans to develop the surface lot next to Hyatt Regency & 422 at The Lake. Currently seeking an AOR.

https://issuu.com/bokapowell/docs/bo...ment_aor_submi

[We vs us]

AHA! I KNEW this would eventually happen!

EDIT: Though at the time I worked for Hyatt (back in 2016), the rumor was it was going to be another hotel tower. Looks like that's gone the way of the dodo bird.

[atxsnail]

Originally Posted by Urbannizer

Came across a confidential document that’s…not so confidential. The Related Companies plans to develop the surface lot next to Hyatt Regency & 422 at The Lake. Currently seeking an AOR.

The view of the back of this project should help make those apartments a tiny bit more affordable

[chinchaaa]

Residential please!

[Syndic]

Does anyone know anything about this project? This statesman story is behind a paywall so I can't read it.

[We vs us]

Originally Posted by Syndic

Does anyone know anything about this project? This statesman story is behind a paywall so I can't read it.

Interesting -- that's the parking lot just west of the Hyatt Regency.

[futures]

Originally Posted by We vs us

Interesting -- that's the parking lot just west of the Hyatt Regency.

Which would make this a S 1st address and not Congress, right? Very interested to see details if someone can access the article.

I think it's a pretty attractive building and would block some mediocre structures behind it. And the interaction with the trail is awesome.

[The ATX]

That would take out another surface lot.

[We vs us]

I know I've posted this before but back when I worked for Hyatt (2016ish) there were plans drawn up to fill that lot with another hotel tower . . . and potentially either rebrand it along with the existing hotel as a Grand Hyatt, or just keep the Hyatt Regency and build a new GH. Either way, back then it was going to be a Wall of Hyatt along the lake.

This does not look like a Grand Hyatt to me, however.

[migol24]

Weird. From the renderings the lot looks a lot bigger. But from the Google maps birds eye view, it doesn't seem to be as big.

Also, that parking lot is used by Hyatt Regency's valet services. Not sure if that means much, just wondering if this is also owned by Hyatt.

[paul78701]

Originally Posted by futures

Which would make this a S 1st address and not Congress, right? Very interested to see details if someone can access the article.

I think it's a pretty attractive building and would block some mediocre structures behind it. And the interaction with the trail is awesome.

That part of the trail is one of the worst. It's just not wide enough. Hopefully this project can contribute to fixing it.

[paul78701]

Originally Posted by migol24

Weird. From the renderings the lot looks a lot bigger. But from the Google maps birds eye view, it doesn't seem to be as big.

Also, that parking lot is used by Hyatt Regency's valet services. Not sure if that means much, just wondering if this is also owned by Hyatt.

According to the article, the Hyatt does not own it:

Planned just south of downtown, the 15-story tower — which is being named One Ladybird Lake — is one of two office projects proposed by Related Companies, a privately owned global real estate company that has $60 billion in assets owned or under development.

Related Companies told the American-Statesman it plans to build One Ladybird Lake on what is currently the parking lot of the Hyatt Regency Austin at 208 Barton Springs Road. Related and its partner in the project, Austin-based Christopher Investment, own the 3.3-acre site where the office building would be constructed, Related executives said.

The building would overlook Lady Bird Lake and be just steps from the Ann and Roy Butler hike-and-bike trail. The project is expected to break ground late next year, with a planned completion in late 2025.

[Syndic]

My bad, the blurb on Twitter said something about S. Congress. I think there's some info in that article about another project at 902 S. Congress, too.

[The ATX]

422 on the Lake is proposed to be redeveloped into low income housing by Endeavor in order to appease the City and get approval for the 305 S. Congress PUD. This may explain why the 15-story building looks like Endeavor's 305 S. Congress tower renderings.

[Urbannizer]

[Syndic]

That's flipping beautiful. It might be my new favorite project in Austin, until the 305 S. Congress PUD begins, of course.

[We vs us]

The lake stuff is pretty great, IMO.

[kingkirbythe....]

That's very attractive project.

[Urbannizer]

https://www.related.com/press-releas...fice-buildings

Related Companies today announces two category defying, Class-A commercial office buildings in Austin, TX that will introduce a new class of luxury workspace to the City’s growing office market. Marked by Related’s signature amenity-driven design, hospitality services, and commitment to sustainability, One Ladybird Lake and 901 South Congress, will enhance Austin’s office environment to ensure the City’s growing roster of leading companies continually attract the nation’s top talent.

One Ladybird Lake, a joint venture partnership with Christopher Investment Company (CIC), will sit on 750 feet of downtown waterfront property, making it the first commercial office on the lake, and offering tenants one-of-a-kind access to the outdoors.

Designed by KPF, and developed in partnership with Austin-based Christopher Investments, the 15 story building will offer 475,000 sq. ft. of flexible, open plan commercial office space and 16,700 sq. ft. of retail space on the ground level. The building’s unique design will feature 4 large wrap-around terraces and a penthouse bar fostering collaboration indoors and out. Construction is expected to begin in late 2023 with an estimated grand opening in 2025.

[The ATX]

Awesome find Urbannizer. Renderings made even better with Waterline in view.