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  #81  
Old Posted Jan 23, 2021, 10:48 PM
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Anyone seen this?

https://www.riverpark-atx.com/

Plans released for 109-acre, over 10 million-square-foot mixed-use development along Riverside Drive
Developer Presidium and investment manager Partners Group released plans Dec. 21 for River Park, a 109-acre project east of the Oracle campus near the intersection of Pleasant Valley Road and East Riverside Drive.

Plans include more than 10 million square feet of office, retail, hospitality, entertainment and residential space. The developers received zoning changes in 2019 from Austin City Council for a 97-acre project, then called 4700 Riverside, in a controversial 6-3 vote. The new project adds the 12-acre Parke Green retail center into the plans, which the developer also owns. Today, the Parke Green retail center includes businesses such as LA Fitness, dd's Discounts and Twin Liquors.

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  #82  
Old Posted Jan 23, 2021, 11:04 PM
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Originally Posted by cvillehorn View Post
Anyone seen this?

https://www.riverpark-atx.com/

Plans released for 109-acre, over 10 million-square-foot mixed-use development along Riverside Drive
Developer Presidium and investment manager Partners Group released plans Dec. 21 for River Park, a 109-acre project east of the Oracle campus near the intersection of Pleasant Valley Road and East Riverside Drive.

Plans include more than 10 million square feet of office, retail, hospitality, entertainment and residential space. The developers received zoning changes in 2019 from Austin City Council for a 97-acre project, then called 4700 Riverside, in a controversial 6-3 vote. The new project adds the 12-acre Parke Green retail center into the plans, which the developer also owns. Today, the Parke Green retail center includes businesses such as LA Fitness, dd's Discounts and Twin Liquors.
There's a separate thread for this project:
https://skyscraperpage.com/forum/sho...d.php?t=229803
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  #83  
Old Posted Apr 29, 2021, 12:41 PM
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Austin (Travis County) — An Austin businessman received a zoning adjustment in order to develop a multifamily project on East Riverside waterfront.

At Tuesday’s session of the Planning Commission, the Corridor Mixed Use zoning for a 2.6-acre site was adjusted to provide eligibility for the density bonus program.

The Acton School of Business currently occupies the site, and the proposed development has the working title Acton Site. Its address is 1404 E. Riverside Drive.

The existing zoning of the property only allowed for a height up to 60 feet and 2:1 floor area ratio. The change would permit a height of 120 feet under some circumstances, but this lot is adjacent to the Colorado River and subject to the waterfront overly, which caps building heights at 96 feet.

Jeff Sandefer, who founded the school, sought eligibility in the density program to develop the project with up to 250 units, including units at 60% of the median family income.

Sandefer does not intend to go beyond the 96-foot limit. However, the 120-foot option was the most viable height choice that the regulating plan currently offers.
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  #84  
Old Posted May 2, 2021, 8:27 AM
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Towers did an article on that. They also have this map showing the approved heights along Riverside. I didn't realize they had approved 160 feet all the way to 71. That's great.

https://austin.towers.net/homes-coul...siness-school/
Homes Could Rise a Glorious 120 Feet at This East Riverside Business School

JAMES RAMBIN APRIL 30, 2021

A significant 2.6-acre parcel on East Riverside Drive near I-35 overlooking Lady Bird Lake and only a stone’s throw from downtown Austin could soon rise to new heights as a 250-unit mixed-income multifamily residential project, thanks to a zoning change allowing a 120-foot building under the area’s seldom-used density bonus program — which offers additional height for developments in exchange for enhanced community benefits under the terms of the East Riverside Corridor (ERC) regulating plan.
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  #85  
Old Posted May 3, 2021, 12:49 PM
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A site plan was filed for a mixed use development at 4700 East Riverside Drive. This is north of Riverside between Wickersham and Crossing Place. Those lots are zoned for 160 feet.

Here is the website for the project - "River Park". There are renderings and video.
https://www.riverpark-atx.com/

Quote:
Description: The applicant is proposing Mixed Use Redevelopment along with associated improvements

Project Name: River Park South- Block D
https://www.google.com/maps/place/47...!4d-97.7182484
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  #86  
Old Posted May 3, 2021, 2:01 PM
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Originally Posted by KevinFromTexas View Post
A site plan was filed for a mixed use development at 4700 East Riverside Drive. This is north of Riverside between Wickersham and Crossing Place. Those lots are zoned for 160 feet.

Here is the website for the project - "River Park". There are renderings and video.
https://www.riverpark-atx.com/



https://www.google.com/maps/place/47...!4d-97.7182484

I think this is the official project name of the Ballpark redevelopment. The video on the landing page is worth a look -- lots of Domain echoes, but they also prioritize cleaning up the creek that runs through the property which is pretty cool.
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  #87  
Old Posted May 3, 2021, 2:52 PM
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I'm a fan. Looks great.
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  #88  
Old Posted May 3, 2021, 4:25 PM
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Originally Posted by We vs us View Post
I think this is the official project name of the Ballpark redevelopment. The video on the landing page is worth a look -- lots of Domain echoes, but they also prioritize cleaning up the creek that runs through the property which is pretty cool.
Are the green squares on top of these buildings going to be grass?
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  #89  
Old Posted May 3, 2021, 7:22 PM
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Quote:
Originally Posted by KevinFromTexas View Post
A site plan was filed for a mixed use development at 4700 East Riverside Drive. This is north of Riverside between Wickersham and Crossing Place. Those lots are zoned for 160 feet.

Here is the website for the project - "River Park". There are renderings and video.
https://www.riverpark-atx.com/



https://www.google.com/maps/place/47...!4d-97.7182484
It's weird that there is a car rendered inside of the office space in the bottom picture. Makes me wonder if Tesla's corporate HQ might land here. Oracle's HQ is next door and he's good friends with Larry Ellison. Also, it's relatively close to their upcoming new factory.
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  #90  
Old Posted May 3, 2021, 7:52 PM
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Originally Posted by deerhoof View Post
It's weird that there is a car rendered inside of the office space in the bottom picture. Makes me wonder if Tesla's corporate HQ might land here. Oracle's HQ is next door and he's good friends with Larry Ellison. Also, it's relatively close to their upcoming new factory.
Maybe they are pitching to Tesla? Or they are pioneering a new "parking garage as office space" concept.
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  #91  
Old Posted May 3, 2021, 7:56 PM
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It's probably executive parking. Literally feet away from their office.
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  #92  
Old Posted May 13, 2021, 3:35 AM
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Austin: Local Real Estate Firm Eyeing Mixed Use Development in Southeast Austin

Quote:
Austin (Travis County) — A local developer received rezoning for a mixed use multifamily-retail development in southeast Austin, during last week’s City Council meeting.

The property added corridor mixed-use (CMU) to its East Riverside Corridor (ERC) district zoning, along with increasing the height bonus from 65-feet to 120-feet through the density bonus program.

The undeveloped 1.99-acre property is currently located at 2200 E. Riverside Drive in the southeast portion of the city.

FBZ Town Lake Circle III, LLC, the landowner and developer of record, is a special purpose entity created by F&B Capital, an Austin-based private equity real estate investment firm specializing in multifamily acquisitions and redevelopments.

They are proposing to develop the project with retail use and 250-units, along with increasing the allowable height through the development bonus program.
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  #93  
Old Posted Jul 20, 2021, 4:28 AM
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Developer Proposing Razing Student Apartment Complex for a 317-Unit Development

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Travis County Commissioners Court postponed a Tuesday action item to have its housing finance corporation consider becoming general partner on a 317-unit apartment project, in order to work toward getting a larger share of affordable units.

The commissioners once before postponed a decision on the corporation’s involvement at their June 24 meeting.

The Dallas-based private developer, Presidium, is proposing to use conventional debt and equity financing to construct the multifamily complex on what is roughly the southern third of a 37-acre lot located at 4700 East Riverside Drive in Southeast Austin.

Should commissioners allow the Travis County Housing Finance Corporation (TCHFC) to participate, the development would be eligible for a property tax exemption, assuming the TCHFC takes ownership of the land. In exchange for TCHFC’s participation, Presidium offered below market rent controls to about 42% of the units.

An apartment complex constructed in 1995 currently stands on the proposed site; Tempo at Riverside Apartments is marketed as student housing and encompasses 15 buildings. Its 684 units are a mix of one, two, three and four-bedroom units.

The apartment complex is to be vacated by year’s end so that it can be razed and the property will be divided into four quadrants.

One of the quadrants will be redeveloped as a 317-unit, single building project — River Park/Block 15 Apartments.
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  #94  
Old Posted Jul 20, 2021, 5:30 AM
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684 units to 317? Yikes.
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  #95  
Old Posted Jul 20, 2021, 10:46 AM
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Originally Posted by Echostatic View Post
684 units to 317? Yikes.
The whole tract will be divided into fourths, and one of those fourths will be a 317 unit complex. If you get the rest of the tract in at those levels you’ll have roughly double the original unit count.

The real thing is the potential of having 42% of the units deliver as affordable.
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  #96  
Old Posted Jul 20, 2021, 11:31 AM
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Originally Posted by We vs us View Post
The whole tract will be divided into fourths, and one of those fourths will be a 317 unit complex. If you get the rest of the tract in at those levels you’ll have roughly double the original unit count.

The real thing is the potential of having 42% of the units deliver as affordable.
Considering that probably 100% of the units are currently (market) affordable, that could be a loss of 160 affordable units. The question is, what is the level of affordability currently, and what is the depth of permanently Affordable housing that is proposed? (#units @ x MFI)
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  #97  
Old Posted Jul 20, 2021, 1:25 PM
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Originally Posted by Echostatic View Post
684 units to 317? Yikes.
You’re not understanding what’s happening.
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  #98  
Old Posted Jul 20, 2021, 2:08 PM
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Originally Posted by We vs us View Post
The whole tract will be divided into fourths, and one of those fourths will be a 317 unit complex. If you get the rest of the tract in at those levels you’ll have roughly double the original unit count.

The real thing is the potential of having 42% of the units deliver as affordable.
I didn't post the full article. Unfortunately, the remaining tracts will not be residential.

Quote:
The remaining three quadrants will be redeveloped for commercial and retail space.
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  #99  
Old Posted Jul 20, 2021, 2:36 PM
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I didn't post the full article. Unfortunately, the remaining tracts will not be residential.
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  #100  
Old Posted Jul 20, 2021, 3:06 PM
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Something seems off about the unit count. 684 units across 13 buildings? There's no way each building has ~52 discrete units apiece. I used to live in that area and back then most of the apartments in the area leased by the room (e.g. a 4 BR unit with only 3 tenants would have one BR door permanently locked). Maybe it's different now that the area's not so student-oriented. I don't think the 684 vs 317 is an apples-apples comparison.
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