Developer envisions 30-story tower for Starbucks site near UT Austin campus "An Austin-based developer is looking to build a 30-story student housing tower a block west of the University of Texas campus, on a site that is currently home to a Starbucks and a Smoothie King. A few decades ago, the property at 504 W. 24th St. was home to landmark businesses Les Amis, a café that was a favorite gathering spot for students, and the famed Inner Sanctum Records." (Shonda Novak, Austin American-Statesman)
Prime South Congress real estate finally changes hands "The Related Companies LP is the new owner of 500 S. Congress Ave. A bankruptcy judge on Sept. 15 approved Related's bid to purchase the site once owned by World Class Holdings, Nate Paul’s embattled Austin real estate investment firm, for $65 million, provided it closed on the deal by Sept. 30 — and Related pulled through." (Cody Baird and Paul Thompson, Austin Business Journal)
Downtown Austin’s Seaholm Intake Celebrates First Phase of Renovations "The restoration at the former intake facility of downtown Austin’s decommissioned Seaholm Power Plant celebrated a milestone earlier this afternoon, with city officials and the project’s stewards at the Trail Conservancy marking the completion of the renovation’s critical first phase with a ribbon-cutting and tour." (James Rambin, Towers)
Austin groups to receive $20M to fight displacement amid Project Connect's rollout "As Project Connect continues its development in Austin, planners are also working to limit the system's potential to push residents away from their homes. City voters' approval of the multibillion-dollar transit plan in 2020 included a $300 million investment in antidisplacement strategies. That funding is set aside to ensure those living in areas vulnerable to displacement along new light rail and bus routes are not priced out as new infrastructure and related development arrives in their neighborhoods." (Ben Thompson, Community Impact)
Titan to sell large CelLink factory to Utah real estate investor tied to Mormon Church "One of the region's most active industrial developers is seeking to sell a 300,000-square-foot building that's set to become a major employment hub in the northern suburbs. Months before CelLink Corp. is set to start manufacturing in Georgetown, Albuquerque-based Titan Development Ltd. is gearing up to sell the building occupied by the electric vehicle supplier to Salt Lake City-based Property Reserve Inc., which is the real estate investment arm of the Church of Jesus Christ of Latter-day Saints." (Justin Sayers, Austin Business Journal)
You can now take a driverless Lyft in Austin "Ride-hailing company Lyft is now offering riders the option of choosing an autonomous vehicle in some areas of Austin. Driverless vehicles have been tested in Austin since at least 2015. But Lyft says it is the first ride-hailing service to offer autonomous vehicles for the general public in Austin." (Kara Carlson, Austin American-Statesman)
