This idea is something Larry Nelson tried to do with this very site back in 2008. At that time, he was trying to obtain the entitlements to build a 16-story hotel/condo building on the Lambie Street/East Avenue site. It was not, however, his intent to actually develop the property.
Nelson's group was trying to receive CBD-CURE zoning and raise the FAR from 8:1 to at least 12:1. As with the situation now, one must still obtain a variance from the Rainey Street sub-district to do so.
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AUSTIN (City): 974,447 +1.30% - '20-'22 | AUSTIN MSA (5 counties): 2,473,275 +8.32% - '20-'23
SAN ANTONIO (City): 1,472,909 +2.69% - '20-'22 | SAN ANTONIO MSA (8 counties): 2,703,999 +5.70% - '20-'23
AUS-SAT REGION (MSAs/13 counties): 5,177,274 +6.94% - '20-'23 | *SRC: US Census*
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