Austin is springing forward into the season with news of two mixed-use development projects coming to the area. Keep your eyes peeled and check out some details of these exciting projects below.

CSW Far West Development

While filings are still in the preliminary stages, Far West Boulevard in Austin is standing to gain hundreds of new apartments and plenty of upcoming retail and restaurant space with Central Southwest Texas Development LLC’s latest project. This development is set to be developed at 3525 Far West Blvd in Austin, featuring several five-story buildings and a six-story garage across 3.9 acres of land.

Currently, that lot is occupied by a Frost Bank drive-thru and parking lot. The land was purchased by CSW in December 2021 and was appraised at nearly $3.4 million. According to a recent filing, the current development project is projected to cost CSW $50 million.

With no available site plan, the layout of this development remains unclear. However, CSW has announced plans to qualify for the city’s vertical mixed-use density bonus program. This fantastic program allows Austin developers to build higher than typical in exchange for creating affordable housing. To meet these goals, CSW will reserve 10% of residential space for residents making 80% of the median family income level!

AJ Capital Tower & Hotel

Just south of the University of Texas campus, plans for an 18-story project are beginning to take shape. The Nashville-based developers, AJ Capital Partners, have announced plans to transform a half-block radius surrounding Guadalupe and 18th streets. Their recent site plan filed with the city shows the demolishment of the site’s current occupant, an office building, with plans to develop an astonishing 18-story tower.

While the specifics of this project remain secretive within AJ Capital’s walls, we can look at the developer’s exciting portfolio to further speculate what is to come. The current operatives of the boutique hotel chain Graduate Hotels, AJ Capital has a current expansion plan in Dallas that is already under construction. This project would be the company’s first development in Austin and is one for the books!

Learn more about the beautiful city of Austin by checking out my blog or contacting me at tmcneil@kw.com with any questions!

Formerly known as East Pecan Street, Sixth Street is distinctly Austin. It is framed by large, Victorian-age buildings, bustling restaurants, bars, and entertainment venues. While these buildings have remained steadfast in their historical roots, the social function of “Dirty” Sixth Street has constantly evolved throughout the years. The city’s entertainment district dates back to the late 1800s, with many buildings as old as the 1870s and 1880s. Despite its unmoving foundation, Sixth Street transformed into a shopping district from the early 1900s until the 1950s. 

The early 1970s saw the first battle to preserve the street’s historic character. Despite calls for renovation and demolition of certain buildings, Sixth Street officially became a historic district in 1975 to preserve and protect the rich history running through the street. Today, Sixth Street is known as the life of the party. A true testament to the entertainment scene, the street boasts an eccentric mix of nightlife alongside ancient Austin history.

New “Rejuvenation” Plans

If there was one thing that Austinites could attest to Sixth Street, it would be its ever-changing nature. Running from Congress Avenue to I-35, this nine-block stretch has been the topic of choice in recent years as developers hope to transform the street once again. In the past summer months, Sixth Street has seen plans for additions of office buildings, hotels, restaurants, and newly updated entertainment venues. The plans also include a proposal to increase the height limit for buildings on this street to make way for these new high-rise developments.

These changes are in hopes to transform the street into a more cohesive Austin area, one that makes Austinites proud to frequent. There are locals on both sides of the proposed plan, with many residents wary of new developments and the preservation of the historic elements on Sixth Street. Plans to keep the historical protection of these landmarks intact were initially scheduled for early June, but the Austin City Council has pushed the discussion until July 28th. 

Sturdy Sixth Street Evolves

Despite these concerns, development is often considered a positive thing, especially for such a historic and famous district in Austin. Modernizing this street while still protecting and maintaining the historic fabric of Sixth Street will also boost the value and attraction of nearby neighborhoods. The foot traffic from these neighboring areas brings bubbling life to downtown Austin and creates a must-see destination for residents and new visitors hoping to make Austin their permanent residence. 

Sixth Street has been a bustling life force of downtown Austin since 1839, evolving and changing with the times every few years but remaining a robust historic foundation for the city. If you have any questions about new innovative plans for Austin, feel free to reach out to me at tmcneil@kw.com. I love Austin and am always on the lookout for exciting things to come to this incredible city.