30 01, 2017

48 East Tower Lands Approval of Design Commission

January 30th, 2017|

by Adolfo Pesquera   Austin (Travis Co.) - Promising to become one of the most prominent residences at the edge of Lady Bird Lake, the 48 East Apartment Tower received the recommendation of the Austin Design Commission. LD&C, the developer, is seeking a density bonus to raise the Floor Area Ratio (FAR) from 8:10 to 15:1; this is the principal bulk regulation controlling the size of buildings. It is a ratio of the total building floor area in relation to the area of its zoning lot. For this project, the lot area is 17,859 square feet (0.41 acres), and the total project area is 267,975 square feet. The FAR increase here is primariling owing to a height increase from the 40 feet allowed to a proposed 350 feet. LD&C's design has 33 stories. To achieve the density bonus, LD&C offers as incentives 5 percent of the units as affordable housing at 80 [...]

4 01, 2017

3-story project planned for South Congress site

January 4th, 2017|

3-story project planned for South Congress site December 16, 2016 – Shonda Novak, American-Statesman Same name, new project. The former St. Vincent de Paul thrift shop, which had been a fixture on South Congress Avenue for more than two decades, is about to take on new life as the space is renovated and a three-story building with shops and offices is built next to it. The project, called Saint Vincent, is expected to break ground in the first quarter of 2017 along a section of South Congress that is seeing a burst of new development, with some businesses relocating or closing. St. Vincent de Paul operated a thrift store and collection center there before relocating this year to 901 Braker Lane, where it has a larger store and expanded services. The developer of the planned Saint Vincent project is The Kor Group, teaming with Drake Real Estate Partners based in New York. The Kor [...]