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Austin: 31-Story Mixed-Use Building Proposed for Northwest Part of Downtown

Featured Photo (above): A proposed 31-story mixed-use tower would include demolition of the now-former local office of this statewide police union office building on West Guadalupe Street, and restoration and incorporation of the historic Mauthe-Myrick mansion (far left). Image: Google Streets

Posted: 11-20-19

By Edmond Ortiz

Austin (Travis County)–Local real estate investor Cypress Real Estate Advisors (CREA) created a special purpose entity to file plans to develop a 31-story office and retail tower at 400 W. 14th St.

The project would involve demolition of a two-story building that had been hosting the headquarters of Combined Law Enforcement Associations of Texas, a statewide police union. The property in question measures less than 1 acre.

According to a traffic impact analysis worksheet filed with the city, the new construction would include 217,800 square feet of residential space (or 275  units), 72,635 square feet of office space, and 12,458 square feet of ground-floor restaurant space.

Cypress Real Estate Advisors’ proposed mixed-use high rise would take up half a city block west/northwest of the state capitol complex. Image: WGI

There also would be 584 parking spaces spread out over 10 floors in a podium part of the building. The building will be accessible only on West 14th Street.

Travis County records shows that CLEAT sold its office building at 400 W. 14th to CREAII 14 Guad Land, LLC, a special purpose entity created by the Cypress group.

Additionally, CREA bought the adjacent property, 142-year-old Mauthe-Myrick mansion. The new development will include restoration and incorporation of this historic structure, which currently houses the Texas Cotton Ginners Association.

“The project includes necessary site improvements for access, utility services, grading and drainage improvements, and environmental protections,” project¬† engineer Nicholas Corbett wrote to the city.

Corbett works for engineering firm Big Red Dog, a division of WGI. GFF is the project architect.

The proposed tower is currently being reviewed by the city’s development services department. The plans on file do not include preliminary construction¬† schedule, cost or delivery method.

If approved, the yet-unnamed 31-story high-rise would be the tallest building in the central business district north of the state capitol complex.

The new tower would sit next to the recently opened 13-story SXSW Center that is anchored by the corporate headquarters for the South by Southwest festival.

CREA’s new building will also be close to Eastlake at Tillery, a 162,000-square-foot office complex that CREA is working to build with another local developer, Greenbelt Commercial LLC.

CREA supported development of several Austin apartment, office and mixed-use complexes, including The Copeland, Corazon, Soco44, Lakeshore, University Park, Sur 512, and Tarlton Village.

Preliminary elevations for Cypress Real Estate Advisors’ proposed 31-story mixed-use tower. Image: GFF


edmond@virtualbx.com

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By |2019-11-21T14:09:47-06:00November 21st, 2019|Construction Preview, Feature Story|

About the Author:

Edmond Ortiz is a lifelong San Antonian and a 20-plus-year veteran in local journalism, He previously worked full-time at the San Antonio Express-News, and has been freelancing for outlets such as the Rivard Report.

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