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Developer Chosen for Statesman Site

by | Jan 10, 2017 | Austin News | 0 comments

The family that owns the current Austin American Statesman offices on Lady Bird Lake has chosen Endeavor Real Estate Group to develop the site, the Austin American Statesman reports.

Endeavor is local and has developed over 13 million square feet of commercial real estate in the city, including the Domain and Southpark Meadows.  They are also the developer for the Plaza Saltillo site.

The redevelopment of the 18.9 acre Statesman site has the potential to completely transform the area.

Endeavor was chosen because they are local, professional, and have a stellar reputation.  They are one of the biggest developers in Central Texas.

Endeavor expects the project to take a long time, forecasting a 10 year time table.  

The land sits within the boundaries of the South Central Waterfront Initiative, a plan the city council approved in 2016 to guide the development of the South Shore of Lady Bird Lake.  The plan calls for including public amenities like parks, trails, and affordable housing if the city allows the properties to be built taller and bigger than current regulations.

The Statesman site is appraised at $62 million and is one of the most south-after parcels of land in Austin.  The city wants more than 60 percent of the site to become a new park that fronts the water with new trail connections, private plazas, and tree-lined streets.  

While the site currently is approved to hold 660,000 square feet of buildings, it may be increased to up to 2.1 million square feet of space so the city can see the public benefits outlined above.

The first step is to dive into a complete analysis of the land with site constraints and the South Central Waterfront plan in mind, as well as what the community wishes to see.

The potential for what could be built on the Statesman site is exciting, with retail, office, and residential likely.  However, if you can’t wait to 10 years to live on Lady Bird Lake, there are some amazing apartments near the Statesman site and right at the edge of downtown that are ready to welcome you home now.

422 at the Lake is steps from the lake and their one and two bedroom floor plans feature 10 foot ceilings, hardwood floors, Nest thermostats, washers and dryers, granite counters, and floor-to-ceiling windows with solar shades.  The community has a tea and coffee bar, a crossfit room, a Bocce Ball courtyard, a multi-screen sports lounge, a social calendar with activities, enclosed bike storage room and more.

The Catherine’s studio, one, two, and three bedroom apartment homes have keyless entry and USB charging ports, urban mud rooms for extra storage, 10 foot ceilings and 8 foot doors, Sonos Wireless HiFi system with built in speakers in living room, designer built-ins, rainforest style shower heads and hand sprayers, jetted tubs, and solar shades on all windows and blackout shades in each bedroom.  Not only does the Catherine have direct access to Lady Bird Lake and the Hike and Bike trail, it is close to shopping in the 2nd Street District and on South Congress and has a rooftop sky lounge with resident bar and private dining room with views of downtown.

The Water Marq is also on Lady Bird Lake and the Boardwalk.  The community has a fitness center overlooking Lady Bird Lake, a private spin studio, kayak and paddleboard rentals, a dog park with pet grooming station, and an outdoor living area with firepits and media center.  The apartments range from studios to three bedrooms and are equipped with dramatic views of downtown, quartz counters, hardwood floors, undermount sinks, custom shaker style cabinetry, front-loading washer and dryers and more.

Are you ready to make the move to the shore?  Give Apartment Experts South a call today at 512-416-8100 to find your dream apartment on Lady Bird Lake or anywhere in Austin!  

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