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Old May 3rd, 2013, 02:13 AM   #1
desertpunk
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AUSTIN | Waller Park Place | 150m | 500ft+ | 50 fl | 122m+ | 400ft+ | 40 fl | 300ft+ | 25 fl | Pro



=========================================================================================


image hosted on flickr


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Previously":

Austin American Statesman



Quote:
Proposed project: 3 downtown towers, one up to 65 stories

Posted: 6:59 p.m. Wednesday, May 1, 2013
By Shonda Novak - American-Statesman Staff

Two Austin developers are proposing a $500 million mixed-use project downtown that — if it happens — would change the skyline with three new towers, including a high-rise with condominiums and hotel rooms that could become Austin’s tallest building.

Mac Pike and Wally Scott, principals in the Sutton Co., a real estate investment and development company, told the American-Statesman they want to build their project — tentatively called Waller Center — on 3 acres near East Cesar Chavez and Red River streets, along the banks of Waller Creek.

In addition to residential, hotel and office uses, the developers envision shops and restaurants along Waller Creek like those lining San Antonio’s Riverwalk.

The project would be the most significant to date for Sutton, which ushered in a new wave of housing in downtown Austin in the late 1990s when it converted older buildings into lofts and later co-developed the Plaza Lofts across from Republic Square.

Several local real estate experts said they think Sutton’s proposed project stands a chance of happening, with the odds improved due to a major equity player on board — Klabzuba Realty, a longtime family owned real estate and oil and gas investment company based in Fort Worth.

Pike and Scott said conceptual drawings of the project they released to the American-Statesman are in the early stages, and said the heights and uses of the buildings could change based on market demand and other variables.

In addition to a condo/hotel tower that could be as tall as 65 stories — the Austonian residential tower at Congress Avenue and Second Streets is currently Austin’s tallest building at 56 stories —Sutton envisions an apartment tower of 35 to 45 stories and an office/retail tower of 17 to 20 stories. Pike said there are no height limitations on the tract, which is zoned for dense downtown development, and said it is not restricted by rules that protect Capitol views.

Pike said he hopes to start work on all three buildings in mid- to late-2014, pending city approvals. He said intends to submit a site plan to the city in the next 90 days.

The Waller Creek tract is owned or controlled by entities of local developer Perry Lorenz.

“These are serious buyers with an ongoing substantial financial investment in the property,” Lorenz said. “They control it and are working on all aspects of use and design. Obviously it is a real challenge to put together a project of this magnitude, but we feel they are up to it or we wouldn’t be working with them.”

While Pike estimated the project’s cost at $500 million, Paul Nauschutz Jr., acquisitions manager for Klabzuba, declined to disclose how much Klabzuba would contribute to the project. He did confirm that Klabzuba would be a major equity partner in the project.

[...]
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Old May 3rd, 2013, 02:14 AM   #2
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It's early days for this large mixed use development. Name and design changes likely. Stay tuned...
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Old May 3rd, 2013, 09:00 PM   #3
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Designs are meh but the height is good, especially for Austin
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Old May 3rd, 2013, 09:36 PM   #4
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Would be awesome if Austin would get a new tallest
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Old May 3rd, 2013, 10:11 PM   #5
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Nice development, Austin is becoming one of the Must go list of cities around the US. Google Fiber, Central Market , UT Austin, and Longhorns, that's really a high quality.
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Old May 3rd, 2013, 10:43 PM   #6
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Quote:
Originally Posted by Manitopiaaa View Post
Designs are meh but the height is good, especially for Austin
The design looks too bland to be a final design. I think they just need a rendering for show. I really hope for like a 1000ft tall sleek black glass box with pink neon outlines....my personal dream tough.
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Old May 3rd, 2013, 10:55 PM   #7
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Yep, it's a placeholder rendering while details are worked out. There may be many changes to this project. Hopefully the tallest tower can break the 700 ft. plane or go higher. Austin's current tallest is 683 Ft. tall.
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Old September 6th, 2013, 06:36 AM   #8
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New render:

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http://www.kbge-eng.com/waller-center-downtown-austin/
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Old September 6th, 2013, 06:42 AM   #9
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Plan for three skyscrapers, including Austin's tallest, quietly progressing

Quote:
Sep 4, 2013, 2:33pm CDT Updated: Sep 5, 2013, 1:13pm CDT

The Waller Center, a $500 million development downtown at East Cesar Chavez and Red River streets, appears to be moving forward.

The project has shown up on local engineering firm Kimbell Bruehl Garcia Estes' website alongside a new rendering. The addition of the engineering firm to the project is an indicator the buildings might actually go up; Kimbell Bruehl has worked on notable downtown projects such as the W Hotel and Residences and the Four Seasons Residences. The firm lists its responsibilities on the project as site plan development, storm sewer design and dry utility coordination, among other jobs.

The Waller Center would put up three new towers and what could be Austin's next tallest building on three acres near the banks of Waller Creek. The project's massive scope has left many wondering if it will ever be built, even though it has some high-profile names on board already.

[...]
Also, a little dissonance on the height front:

Wuthering heights: Waller Center building may not be Austin's tallest

Quote:
Sep 5, 2013, 2:55pm CDT

The Waller Center development – a $500 million, three-building project that has long been thought to contain Austin's tallest building – won't be breaking any height records for the city, the head of the development company for the center said Thursday.

The project will put three new buildings near East Cesar Chavez and Red River streets on the banks of Waller Creek, including one "signature" building, said Wally Scott, president of the Sutton Company. Combined, the multibuilding project will be among the most ambitious in Austin's history, even if it doesn't garner tallest building honors.

Previous reports had placed the Waller Center's tallest building at as high as 65 floors. The tallest building in the city is the Austonian at the corner of Second Street and Congress Avenue. It stands 683 feet tall with 56 floors. "It's not going to be the tallest building in Austin. We're just trying to max out the FAR on the site," he said....

...Scott also said the project was firmly on track, and is hoping to have a site development permit by the end of November. "We've got two months to work out the kinks," he said. The project has yet to begin filing permits with the city.


[...]
Waller Center would have to exceed 683 ft. to be 'Austin's Tallest'. It may only go as high as 650 or 660 ft....
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Old September 6th, 2013, 07:18 AM   #10
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Wow that's a pretty good sized development.
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Old September 17th, 2013, 12:40 AM   #11
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New design, ehhh.
  • Tower A - 21-Story Office Building
  • Tower B - 46-Story Residential High-Rise
  • Tower C - 38-Story Mixed-Use Tower



image hosted on flickr


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http://downtownaustinblog.org/2013/0...waller-center/
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Old September 17th, 2013, 05:57 AM   #12
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...aaanndd, we're off to Highrises!
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Old September 17th, 2013, 06:42 AM   #13
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Honestly I'm disappointed about the height decrease, renders look alright...hope this turns out well.
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Old September 18th, 2013, 11:50 PM   #14
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My city Nashville can only dream of stuff like this. We have so much regulation, its ridiculous. No way this could ever happen in Nashville.
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Old September 18th, 2013, 11:57 PM   #15
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I like it, these will add some nice density and height to that area. Nice addition to DT Austin in general.
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Old December 5th, 2013, 10:10 AM   #16
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Waller Park Place Moving Forward?

Quote:
December 2, 2013

Earlier this year, there was some buzz about a mixed-use mega project in the Rainey district called the Waller Center. It now appears that developers are moving forward with the early stages of making it a reality – and they are now calling it Waller Park Place.

Last week, Downtown Austin Blog reported that the developers submitted a site plan to the City of Austin for review. The City will now determine whether the development complies with the Land Development Code. Reviewers will examine several aspects of the project such as traffic impacts, zoning, and environmental impact.

[...]
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Old December 5th, 2013, 10:16 AM   #17
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...And the parameters are changing:

Quote:
Below is what we know (note these numbers have gone up since Waller Center was announced in September and could still change)

Tower A – Office, 25+ stories, on the corner of Red River and Cesar Chavez

Tower B – Apartments, 50+ stories, internal on the site

Tower C – Hotel/Condo, 40+ stories, at Red River & Davis

Target FAR is 10:1

The architect is the IBI Group

No phasing is contemplated – all three towers built simultaneously [!]

The site is part of the Waller Creek TIF district


http://downtownaustinblog.org/
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Old October 9th, 2014, 07:40 AM   #18
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Waller Park Place – Signs Of Progress

Quote:
I was walking along Red River this weekend and noticed clear signals that Sutton Company is pushing forward earnestly with the largest private development ever (!) proposed in downtown Austin – Waller Park Place.

Most of the aging structures from Cesar Chavez to Davis Street have been vacated… and can now be razed.

There had been productive month-to-month leases in place. Probably not a huge amount of money coming from those leases, but money none-the-less. So this seems like a good indicator that demolition will coming in the next couple of months, and in fact, we’ve confirmed demo permits have been issued.
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