Downtown Growth Taking Off

April 4, 2014 by Kate Harrington

It’s full steam ahead for development in Downtown Austin. Dirt has started turning on the Green Water Treatment Plant redevelopment, the Seaholm redevelopment is well underway, and a spate of new and proposed projects are moving forward.

White Lodging Services announced this week that it plans to build two hotels in downtown Austin at Congress Ave. and 7th Street. The Austin American-Statesman reports that the two Starwood hotels, Aloft and Element, would bring 410 new rooms to downtown Austin. That’s in addition to the nearly 3,000 hotel rooms under development or in the planning stages in Austin’s Central Business District.

And while a groundbreaking hasn’t been announced yet, the planned Fairmont hotel that will take shape at East Cesar Chavez and Red River streets has named the construction company that will build it. Hunt Construction Group, which is also part of the team building the JW Marriott convention hotel on Congress Ave., will construct the new Fairmont.

Meanwhile, a stone’s throw from the Fairmont site, an ambitious mixed-use project gained a new financial backer, and is poised to break ground later this year. McCourt Partners and Sutton Co. purchased the three acres at the southwest corner of East Cesar Chavez and Red River Street in late March. The Waller Creek project could include more than 1 million square feet of offices, residential space, shops, restaurants, and a hotel.

Finally, on W. 6th Street, the owner of a now-vacant lot plans to build a pair of two-story buildings for a mix of tenants. The site, at 604 W. 6th Street, is close to a mix of businesses and restaurants.

As always, stay tuned to BuildingATX as we go in-depth on these new downtown projects.

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Written by Kate Harrington

Kate is a former reporter, most recently for the Austin Business Journal, where she covered real estate, economic development and transportation. Since 2010 she has been running Thumbtack Communications. Thumbtack provides writing, editing and marketing services. Before moving to Austin in 2002 Kate lived in her native New England, which she still visits often to escape the Texas heat.