[IMG]https://media.bizj.us/view/img/11011929/cityofaustinproperties-0017*900xx2990-1686-0-0.jpg[/IMG]
Despite the death of the larger Crestview Village deal involving city-owned property on Ryan Drive, the portion that proposes a mixed-use tower is still moving ahead. It received the blessing of the Planning Commission at its latest meeting and hopefully will receive the same from City Council. The 3 acre property is bounded by the Red Line tracks to the north, the Ryan Drive property to the west, Justin Ln to the south, and N Lamar to the east.
Per the article below, "The project will include about 300 multifamily housing units and 350,000 square feet of commercial and office space, although Whellan said the developer will likely reduce the office space due to rising vacancy rates and economic concerns that have led some to pause projects entirely."
Included in the
presentation to the planning commission was an intresting comparison of TOD/Regulating Plan Areas that pointed out how Crestview TOD was the worst-performing and least dense out of itself, Plaza Saltillo, E Riverside, and North Burnet/Gateway. Hopefully this project moves ahead and also spurs some major change to the Crestview TOD plan.
As always, here's another reminder that all of us with an Austin Public Library account have full access to Austin Business Journal articles.
https://www.bizjournals.com/austin/n...lage-plan.html
Austin's Crestview Neighborhood to get bigger
By Mike Christen – Staff Writer, Austin Business Journal
Oct 27, 2023.
A revised vision for Crestview Village first introduced two years ago is taking shape as plans gain momentum to build a high-density, mixed-use development with affordable housing near a transit hub in North Austin.
Owned by brothers Ben Barlin and Peter Barlin, 3423 Holdings LLC gained the Austin Planning Commission’s recommendation on Oct. 24 to seek an increased building height to 160 feet — about 15 stories — and participate in the city’s density bonus program, which will yield at least 10% dedication to affordable housing.