New Downtown Austin Hotel Tower Planned at Fifth and Trinity Corner Site "The approval of demolition applications for two adjacent buildings in downtown Austin late last month by the city’s Historic Landmark Commission will clear the southwest corner of East Fifth and Trinity Streets for a new hotel tower project, according to development permits filed earlier this week." (James Rambin, Towers)
A $2 billion development plants seeds for more growth near Austin’s new Apple campus "A more than $2 billion mixed-use project is set to emerge in Northwest Austin near the new Apple campus. Once it’s completed, the 156-acre Pearson Ranch will include 2.6 million square feet of office space; 200,000 square feet of retail, restaurant, community, and cultural space; two hotels; thousands of high-end residences; and 30 acres of parkland." (John Egan, CultureMap Austin)
Austin to spend $65 million this year to reduce displacement near future transit lines "The city of Austin is preparing to spend $65 million this year on efforts to prevent people who live near future public transit lines from being priced out of their homes. The single largest transit expansion in Austin’s history is expected to increase demand for property near frequent transit routes, potentially making affordability problems worse in a city where home prices have been growing by 20 percent a year or more." (Nathan Bernier, KUT)
Council takes first vote to declare warehouse historic "On a vote of 7-2-2, City Council on Thursday approved on first reading a request for historic zoning for the property at 301 San Jacinto St. downtown. Will Houston, the managing partner for the owner, initially told Council he objected to the historic designation for the Nalley-Shear-Bremond warehouse. Designating a building historic over the objections of the owner requires nine votes on the third and final reading. The one-story warehouse was constructed in 1912 for the Nalley Grocery Company and continued to be used as a warehouse at least through the 1970s." (Jo Clifton, Austin Monitor)
Aquatic restoration efforts could take up to two years following acidic wastewater discharge at Samsung Austin Semiconductor facility "Scientists with the Austin Watershed Protection Department estimate it could take between six months and two years for the aquatic life in the Harris Branch Creek tributary affected by a discharge of acidic wastewater from the Samsung Austin Semiconductor facility to return to normal." (Claire Shoop, Community Impact)
Details revealed on first hotel at $1B EastVillage community "A six-story, 150-room hotel will rise at EastVillage, a huge mixed-used community under development in North Austin. New York-based Reger Holdings LLC is moving forward with The Hotel Austin at EastVillage, with groundbreaking planned for the second quarter. The hotel could be delivered by the fourth quarter of 2023. The hotel will include a full-service restaurant and banquet facilities." (Parimal M. Rohit, Austin Business Journal)
