Developer Selected for East Austin’s Plaza Saltillo Site

July 16, 2014 by Kate Harrington

After a long discussion and several votes, the Capital Metropolitan Transportation Authority board chose the team led by Endeavor Real Estate Group to develop its Plaza Saltillo site.

Endeavor was competing against finalist Saltillo Collaborative, which included Austin’s Constructive Ventures and Dallas-based Trammell Crow Co.

Capital Metro staff had recommended Endeavor’s proposal, the Austin Business Journal reported, saying it offered a higher rate of return on the property’s lease and a more significant increase in ridership. However, a deadlock occurred at the meeting, with board members initially splitting the vote. Further discussion eventually led to a 5-3 vote in favor of Endeavor.

The Endeavor team, which includes Dallas-based Columbus Realty Partners, had proposed a development that could include a grocery store, dedicated senior housing, and up to 800 apartments. Endeavor is a heavy hitter in Austin’s real estate market, with The Domain and Southpark Meadows among its projects. In East Austin, Endeavor recently completed an office building near Plaza Saltillo at 2021 East 5th Street, which includes Enviromedia and BIG RED DOG Engineering as the lead tenants.

According to Capital Metro, the Endeavor project could bring between 7,500 and 16,000 new riders for its rail system annually. Capital Metro will have to approve a final design, but it looks as if 10 of the site’s 11 acres will house vertical development. Capital Metro has said the acre on which the Plaza Saltillo rail stop sits will be unchanged.

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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.