DEVELOPMENT UPDATES
Projects underway in the Austin area
2023 ANNUAL COMMUNITY GUIDE
Redevelopment of housing project breaks ground
OTHER STORIES TO FOLLOW IN 2023
Paseo plans closed out LV Collective, an Austin-based real estate developer, announced closing a 48-story building coming to the Historic Rainey district in 2025. The new skyscraper, called Paseo, will feature 557 residential rental units. The project required relocating two historic bungalows, which was approved by the Austin Historic Landmark Committee in 2022. The bungalow originally located at 78 Rainey St. and most recently home to Reina Bar will be relocated to the south side of the site at 84 Rainey St. The bungalow at 84 Rainey St.—built around 1905 and most recently used as o ce space and the House Party bar—was moved just southwest of the Paseo site. Approximately 20 units will be designated for aordable housing.
BY BEN THOMPSON
REBUILDING ROSEWOOD A $72.3 million project will rebuild the 84 year-old Rosewood Courts, the oldest African-American public housing project in the U.S. All units will be aordable housing. 184 new income-restricted units 8 original buildings will be retained and upgraded 12 townhomes will be added SOURCE: HOUSING AUTHORITY OF THE CITY OF AUSTIN COMMUNITY IMPACT
Rosewood Courts, the oldest public housing complex in the U.S. for African Americans, is on its way to being overhauled as an a ordable residential district and historic site. The Housing Authority of the City of Austin and developer Carleton Cos. will produce the $72.3 million Pathways at Rosewood Courts, a new development with 184 new income-restricted units ranging from studios to four bedrooms. Eight of the project’s original 1930s-era apart- ment buildings will be restored and reopened with 20 modernized units. The complex will also include a block of 12 new townhomes. The project, located at Rosewood Avenue and Chicon Street, will feature a “commemorative green space” in the restored Emancipation Park, the complex’s original center- piece, and other features linked to its history. Rosewood Courts’ at-times controversial redevelopment has
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CHICON ST.
KATY MCAFEE COMMUNITY IMPACT
RENDERING COURTESY GENSLER
RENDERING COURTESY LINCOLN PROPERTY CO.
SIXTH AND GUADALUPE Sixth and Guadalupe, a 66-story residential and o ce tower, is expected to nish in 2023. There will be 349 units for rent, three pools and a tness center. Lincoln Property Co., DivcoWest and Kairoi Residential are developing the project. Space: 599,096 square feet of o ce and retail space; 349 residential units Timeline: summer 2023 completion
SPRINGDALE GREEN In the rst quarter of 2023,Springdale Green is set open. The project will center around a pair of six-story o ce towers containing around 870,700 square feet of rentable space. Those buildings include amenities, such as a 21,450-square-foot tness center, 30 acres of landscaped space and 36,000 square feet of “garden-like” terraces throughout.
WATERLINE In January, all three tower cranes were erected at the building site for the Waterline. The structure will reach street level by spring, and the project’s developers—Lincoln Property Co. and Kairoi Residential—anticipate completing construction on 13 oors by the end of the year. Space: 730,000 square feet of o ce and commercial space, 352 luxury apartments, 252-room hotel Timeline: late 2026 completion
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been long in the works with years of negotiations within the city and in the surrounding east side community. The question of how the project inter- acts with a goal of preservation was at the forefront throughout the process after initial plans called for less of the original to remain in place. HACA representatives said com- plete preservation was considered, but a more limited plan moved for- ward due to the additional costs and fewer units that would be produced. That framework was opposed by some Austinites, including historian
Fred McGhee, who leads the Preserve Rosewood coalition that advocates for total preservation at the site. “By wiping it o the landscape prematurely, without doing the necessary heritage work, the hous- ing authority and the city are also co-signing, I think, a destruction of Austin’s historic character that was careless," McGhee said. The new project broke ground Dec. 15 and redevelopment is expected to take two years. All residents have been relocated from the property and will be o ered the chance to return.
Space: 870,700 square feet of o ce space Timeline: rst quarter of 2023 completion
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HIGHLAND 5775 Airport Blvd (512) 366-8300 ARBORETUM 10515 North Mopac Express (512) 342-6893
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