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Austin: The proposed development will be either a 90-foot residential tower or a 60-foot commercial tower

Featured Photo: Street view of the site where developers will build a multi-story tower for a multi-family or office project in Old West Austin. Image: Google Streets

Posted: 1/12/2021

by Art Benavidez

Austin (Travis County) – A group led by a local real estate company received rezoning for a potential mixed-use development of 450 units, at a recent city council meeting.

The 1.37 acre (60,003 sq. Ft.) Property has been converted from General Commercial Mixed Use Vertical Mixed Use (CS-MU-V) to General Industrial Limited Services – Neighborhood and Development Zone Plan zoning (LI-PDA-NP).

The property consists of seven lots located at 1200, 1204, 1210, 1214, 1214 ½ W. 5th Street and 504, 506 Walsh Street in the Old West Austin neighborhood of the city.

Two of the buildings facing 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.

Plus, the only building facing Walsh Street offers scooters and city tours.

Aerial view of the site by the city of Austin.

VBX had previously reported on the project in October when the multi-storey tower project was recommended for the requested zoning.

Endeavor Real Estate Group Managing Director 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 owners.

The group offers either 450 multi-family units, or 65,000 square feet of office space and 10,000 square feet of retail.

The working title of the project is Rezoning of 5th and Walsh St.

Under the zoning, the site planning by-laws would allow residential development up to a height of 90 feet and a maximum waterproof cover of 95%.

A commercial development would allow a maximum height of 60 feet and maximum waterproof coverage of 95%.

Richard T. Suttle, Jr. with the local law firm Armbrust & Brown, PLLC represented the project on the board.

The Austin Planning Commission recommended the project at its October 21 meeting.

VBX Project ID: 2021-754E


art@virtualbx.com


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