Austin: Proposed Development to be Either 90-Foot Residential or 60-Foot Commercial Tower
Feature Photo: Street view of the site where developers will construct a multi-story tower for either a multifamily or office project in Old West Austin. Image: Google Streets
by Art Benavidez
Austin (Travis County) — A group that is being spearheaded by a local real estate company received rezoning for a potential 450-unit mixed use development, at a recent City Council meeting.
The 1.37-acre (60,003 SF) property was converted from general commercial services-mixed use- vertical-mixed use (CS-MU-V) to general limited industrial services–planned development area-neighborhood plan (LI-PDA-NP) zoning.
The property consists of seven lots at 1200, 1204, 1210, 1214, 1214 ½ W. 5th Street and 504, 506 Walsh Street in the city’s Old West Austin Neighborhood.
Two of the buildings fronting W. 5th appear to be used for offices and the building on the northwest corner of 5th and Walsh has retail and consumer services, according to city documents.
Additionally, the only building fronting Walsh Street provides motor-scooters and guided tours of the city.
Aerial view of site by City of Austin.
VBX had previously reported on the project in October when the multi-story tower project was recommended for the requested zoning.
Endeavor Real Estate Group managing principal David Roberts under the entity 1210 W. 5th, LTD and local businessman Jimmy Nassour (Anchor Equities, LTD) and F. Walter Penn (Walsh Street Properties, LTD.) are listed as the property owners.
The group is proposing either 450 multifamily units or 65,000 square feet of office and 10,000 square feet of retail.
The working title of the project is 5th and Walsh Street Rezoning.
Under the zoning site development regulations would permit a residential development a maximum height of 90 feet and a maximum impervious cover of 95%.
A commercial development would allow a maximum height of 60-feet and a maximum impervious cover of 95%.
Richard T. Suttle, Jr. with the local law firm Armbrust & Brown, PLLC represented the project to the council.
The Austin Planning Commission recommended the project at its Oct. 21 meeting.
Art Benavidez (Construction News Reporter, Central Texas) is a seasoned journalist with over 15-years of experience in writing breaking news and in-depth features at the local level. He honed his research and reporting skills in newspapers and magazines throughout South and West Texas along with expertise in crafting digital content as Managing Editor of New Image Marketing Research Corporation. Benevidez is a Texas native and graduate of UT-RGV.