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Kim_Gatley
Kim Gatley
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enior Vice President & Director of Research at REOC Austin

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New supermarket in store for downtown Austin

A mixed-use project planned for Seventh and Trinity streets has carved out 27,109 square feet for a grocery store. That would make it the largest grocery store on the east side of downtown Austin.

Although specifics are sparse, we can speculate about what type of grocery store might occupy the space. One possibility is a 365 store, the new low-price format from Whole Foods Market. The fourth 365 store, which opened in late April in Cedar Park, encompasses 30,000 square feet. …Read Entire Post

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High-rise development destined for another downtown Austin block

The Episcopal Church has selected Austin-based Cielo Property Group to partner in developing a church-owned block, with plans calling for a large mixed-use project, along with a permanent home for the church’s historical archives. …Read Entire Post

Capital Factory gobbles up more space in downtown Austin

capital factoryCapital Factory is expanding its real estate footprint inside the building it shares with the Omni Austin Hotel Downtown, a move that will allow it to host many more events each year.

The startup accelerator and co-working office is doubling its event space inside 701 Brazos St., where it currently occupies three floors, Austin Inno reports. Capital Factory hosted 837 events in 2016, according to a Google for Entrepreneurs report. …Read Entire Post

Austin developer buys downtown IHOP site

ihop-logoThe IHOP at Interstate 35 and East Cesar Chavez Street was acquired late last year by WC 707 Cesar Chavez LLC, an entity the Texas Secretary of State says is linked to World Class Capital Group.

A purchase price was not disclosed. The Travis Central Appraisal District valued the .77-acre site at 707 E. Cesar Chavez St. at $8.1 million last year, up from $5.4 million in 2015. …Read Entire Post

3-story project planned for South Congress

The former St. Vincent de Paul thrift shop, which had been a fixture on South Congress Avenue for more than two decades, is about to take on new life as the space is renovated and a three-story building with shops and offices is built next to it.

The project, called Saint Vincent, is expected to break ground in the first quarter of 2017 along a section of South Congress that is seeing a burst of new development, with some businesses relocating or closing. …Read Entire Post

SXSW affiliate plans 12-story office tower for corporate HQ

sxsw_logoPlans have been submitted for an office tower at 1400 Lavaca St. and public documents show that the developer is affiliated with South By Southwest. The property is described as a “corporate headquarters” in public records.

According to city documents, CZ Properties, an affiliate of South By Southwest, intends to demolish this building at 1400 Lavaca St. and build a 12-story corporate headquarters. …Read Entire Post

Developers line up for a chance to remake prime downtown Austin block

Austin Texas DowntownEight companies or partnerships have submitted proposals to transform the downtown block where the county had hoped to build a new courthouse, one of Austin’s most high-profile infill opportunities because the site could conceivably hold the tallest building in town.

The site — just south of Republic Square Park and catty-corner from the W Austin Hotel — is currently a surface parking lot at 300 Guadalupe St. The 77,215-square-foot site is one of the few remaining vacant parcels in the Central Business Districts that’s available for significant development. …Read Entire Post

Austin office tower sold to New York firm for $63 million

austinskylineBrickman, New York firm, which purchased Lavaca Plaza in 2012 and turned it around in rapid fashion, has re-entered the Austin market with the purchase of this downtown tower known for its reasonable office lease rates in a town where prices are skyrocketing. …Read Entire Post

Prescott Group Plans Redevelopment of Office Building in Austin

Prescott Group Inc., along with an institutional investor, has acquired an office building at 316 W. 12th St. in Austin and plans an $11 million redevelopment of the property. The building is located on one acre and is within walking distance of the State Capitol, The University of Texas, Dell Medical School and Austin’s Downtown Entertainment District. …Read Entire Post

GE Aviation picks Austin for tech hub


ge-aviationGE Aviation plans to open what the company calls a “digital collaboration center” in downtown Austin next week. The company, a division of Boston-based General Electric Co., is establishing the center above a technology company on 15th Street it acquired in 2012, officials said Friday. …Read Entire Post