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enior Vice President & Director of Research at REOC Austin

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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.

Developers could buy the land or sign a ground lease and construct a mixed-use project. The site is zoned for about 2 million square feet of development and is not in a Capitol View Corridor, the Statesman reports. The largest office tower downtown is the Frost Bank Tower, which offers 535,078 square feet of rentable space plus an untold amount of square footage of common space and parking.

A developer could be chosen by mid-February Travis County commissioners could vote on a contract by early summer.

Click here to read the full article: Developers line up for a chance to remake prime downtown Austin block Austin Business Journal


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