{"id":1004633910,"date":"2022-12-06T03:10:31","date_gmt":"2022-12-06T11:10:31","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004633910"},"modified":"2023-04-19T01:59:23","modified_gmt":"2023-04-19T09:59:23","slug":"endeavor-gets-citys-ok-for-austin-mixed-use-project","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/endeavor-gets-citys-ok-for-austin-mixed-use-project\/","title":{"rendered":"Endeavor Gets Austin\u2019s Approval for Massive Mixed-Use Project"},"content":{"rendered":"
\"\"<\/a>

Image couresy of borevina via Pixabay.com<\/p><\/div>\n

Austin\u2019s city council has approved zoning plans to redevelop almost 19 acres of land on the south bank of the Colorado River\/Lady Bird Lake, allowing developer Endeavor Real Estate Group<\/strong> to proceed with a six-building mixed-use, planned unit development.<\/p>\n

The project, now known as 305 South Congress, was previously called the Statesman, after the Austin American-Statesman<\/em> newspaper, which formerly occupied the property. The property\u2019s owner is the Cox family, of Cox Enterprises<\/strong> Inc., the Atlanta-based conglomerate.<\/p>\n

Plans at this point evidently call for six towers of up to 47 stories totaling 1.5 million square feet of office space, 1,478 residential units, a 275-key hotel and 150,000 square feet of retail and restaurant space.<\/p>\n

\n

READ ALSO<\/strong>: Office Subleasing Strategies<\/a><\/p>\n

\n

In addition, the development is planned to feature several acres of new parkland and public space, including a 1.5-acre plaza and bat viewing area next to the Congress Avenue bridge, a redesigned waterfront hike-and-bike trail, and an extension of Barton Springs Road through the site.<\/p>\n

An Endeavor representative told the Austin Business Journal<\/em> he expects groundbreaking to be at least a year off and that Endeavor plans to complete 305 South Congress in three phases.<\/p>\n

The process of getting to this point has taken years, according to local media, with some opposition to the project\u2019s size, objections to the hotel and especially concerns over the amount of affordable housing. The city council eventually decided to apply Endeavor\u2019s affordable housing obligation of $23 million or more to housing outside the PUD boundaries.<\/p>\n

Simmering city<\/h2>\n

Central Austin has multiple significant projects in the pipeline right now, two of them by Related Cos<\/strong><\/a>.<\/p>\n

A 106,854-square-foot boutique mass-timber office building is planned for 901 South Congress, not even half a mile south of 305 South Congress. The other Related project, One Ladybird Lake, is a 15-story, 475,000-square-foot office building with 16,700 square feet of ground-level retail.<\/p>\n

In addition, Lincoln Property Co<\/strong>. and Kairoi Residential<\/strong> recently broke ground on what will be Texas\u2019 tallest building: Waterline<\/a>, a 74-story, $520 million tower at 98 Red River St. Besides 700,000 square feet of office space, the structure will include a 251-key hotel and 352 residential units on the top 33 stories. Kohn Pedersen Fox<\/strong> and HKS<\/strong> are the architects.<\/p>\n","protected":false},"excerpt":{"rendered":"

Comprising six waterfront towers, the development will feature office, retail, hotel and residential components.<\/p>\n","protected":false},"author":882,"featured_media":1004551341,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1578,21782,21808,21752,21742,21747,51973],"tags":[35184],"class_list":["post-1004633910","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-austin","category-development","category-featured","category-mixed-use","category-latest","category-office","category-southwest","tag-endeavor-real-estate-group"],"acf":[],"yoast_head":"\nEndeavor Gets Austin\u2019s Approval for Massive Mixed-Use Project - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Austin\u2019s city council has approved zoning plans for Endeavor Real Estate\u2019s redevelopment of the former Austin American-Statesman property.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/endeavor-gets-citys-ok-for-austin-mixed-use-project\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Endeavor Gets Austin\u2019s Approval for Massive Mixed-Use Project\" \/>\n<meta property=\"og:description\" content=\"Austin\u2019s city council has approved zoning plans for Endeavor Real Estate\u2019s redevelopment of the former Austin American-Statesman property.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/endeavor-gets-citys-ok-for-austin-mixed-use-project\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2022-12-06T11:10:31+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-04-19T09:59:23+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/09\/Image-couresy-of-borevina-via-Pixabay-e1632398344767.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1027\" \/>\n\t<meta property=\"og:image:height\" content=\"771\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Scott Baltic\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/endeavor-gets-citys-ok-for-austin-mixed-use-project\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/endeavor-gets-citys-ok-for-austin-mixed-use-project\/\",\"name\":\"Endeavor Gets Austin\u2019s Approval for Massive Mixed-Use Project - 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