The Bee Cave music venue The Backyard will be redeveloped as mixed-use, the Austin Business Journal reports.
At their meeting last week, the Bee Cave City Council allowed International Development Management (IDM) to switch from movie studios to data centers and to build a green “distributed energy center” that will provide power for the site’s occupants, which will include a hotel, offices, condos, a restaurant, and the data centers. In return, IDM will construct a road that connects the area to Highway 71.
The redevelopment is projected to cost $300 million and will include an amphitheater so the music can play on.
The developer of the land, Chris Milam, said he is changing from movie studios to data centers because there are no longer state incentives for the movie industry.
Other partners include a billionaire who owns Patron tequila, which will provide the name for the Patron suites in the Nelson hotel on the property.
The Backyard will have approximately 1 million square feet of space that can be bought or leased in several buildings, a garage that will include retail, the aforementioned natural gas power plant that will be able to capture and reuse the heat it gives off, and green roofs on the data centers.
So far, there’s no word on residential being included in the Backyard redevelopment, but there are several apartments nearby.
Avanti Hills at the Galleria is located in the Hill Country Galleria and has one and two bedroom apartment homes with abundant natural light, walk-in closets, 10 foot ceilings, crown molding, large patios, and washer and dryers. The community is in walking distance of shops, restaurants, and entertainment and has elevator access to all apartments, a private parking garage, a billiards table, plus spectacular hill country views.
Mansions at Lakeway has one, two, three and even four bedroom homes for the renter who needs a little space. Apartments have one and two car garages, granite counters in the kitchen and baths, jacuzzi garden tubs, large windows, and huge outdoor spaces. Amenities include community events including catered brunches and socials, on-demand concierge services, a personal trainer, and a game room with billiards.
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