Featured Photo (above): A southwest view of 311/321 W. Sixth St. where Ryan Cos. looks to build a residential/office high-rise, which would incorporate the BBVA bank. Image: Google Streets
By Edmond Ortiz
Austin (Travis County)–Minneapolis-based real estate firm Ryan Cos. has filed preliminary plans to build a 60-story, 530,371-square-foot office and apartment high-rise on a nearly half-acre tract comprised of two lots — 311 and 321 W. Sixth St.
The lots presently support buildings that house a BBVA bank branch and Maiko Sushi Lounge. The preliminary plans call for 363 apartment units, 120,00 square feet of office space, and ground-floor retail space. The 4,000 square-feet of the ground-floor design will incorporate the BBVA bank branch, which also will have take up some space in the office component of the building.
The plans do not contain range of size for the residential spaces nor do they mention the estimated construction cost or tower height.
Officials with Ryan Cos. have indicated, however, that their company will serve as developer and as primary building contractor on the project. They plan to break ground in late 2020.
The firm Kimley-Horn & Associates is the project engineer. Page Southerland Page is the architect. The yet-to-be-named tower is still early in the city review process.
Ryan Cos. has much experience in spearheading a variety of commercial developments.
Ryan Cos.’ more notable Austin projects have included the Oracle campus, Urban Oaks and The Reserve at Springdale apartment complexes, and renovations to a local DoubleTree Hotel.
Ryan Cos. is also serving as co-developer and the general contractor on Fifth & Brazos, a mixed-use high-rise now under construction.
This part of downtown Austin surrounding Ryan Cos.’ proposed West Sixth high-rise is seeing an increase in redevelopment. Lincoln Property Co. and Kairoi Residential are partnering to build 6 X Guadalupe, a 66-story mixed-use tower right across the street from the 321/311 West Sixth site.
While there are no plans, redevelopment could be headed for the lots next to 311/321 West Sixth–lots that currently host The Belmont event complex and the
former Austin Ale House. Riverside Resources bought both of those buildings this summer.