어스틴 부동산 소식

어스틴 (오스틴) 텍사스 부동산 뉴스 & 소식 (주택, 집, 콘도, 타운홈, 상업용 부동산)

East Riverside project would add apartments, condos,....

김세규
Author
admin
Date
2006-10-18 01:30
Views
2110




East Riverside project would add

apartments, condos, extend hike and bike

trail


AMERICAN-STATESMAN STAFF

Thursday, October 05, 2006

A local real estate investment firm plans an 840-unit apartment and condominium complex on East Riverside Drive, the biggest project by far in the residential boom in and near downtown.

The developer, CWS Capital Partners LLC, is offering to donate land to the city to extend the hike-and bike-trail eastward by a third of a mile

The company also wants permission build closer to Town Lake than city rules allow.

The project will replace apartment buildings at 222 and 300 East Riverside with three 18-story buildings, said Richard Suttle Jr., an attorney for the developer.

Two condo buildings each would have about 243 units. An apartment building would have about 352. All buildings would include parking garages.

CWS would give the city about an acre of lakefront land worth millions of dollars as part of the project, Suttle said, as well as room for a park police substation.

That would help the city extend the hike and bike trail, which now ends just east of the Austin American- Statesman building, forcing runners and walkers onto sidewalks along a busy stretch of Riverside.

Suttle said he plans to meet with nearby residents today, hoping to gain their support for the project.

"I'm hoping there's some flexibility there. There's a good rationale for it," saying the developers would be adding trail and parkland area with public access along Town Lake.

The project would need approvals from the city Parks and Recreation Board and the Planning Commission because the developers want to build within 80 feet of Town Lake; city rules require a 150-foot setback.

Suttle said some of the current apartments, built more than 30 years ago, come as close as 20 feet.

CWS hasn't set prices, but Suttle said they will be competitive with other new downtown projects.

Many of those have been in the higher price ranges, although some newer ones have units in the $200,000 to $400,000 range.

Suttle said about 10 percent of the units would be reserved for people making less than 80 percent of the area's median income.

Although even some developers are beginning to ask whether there's enough demand to fill all the projects under way and planned, Suttle said, "My client's been in Austin more than 20 years. They wouldn't be pursuing this if they didn't think the demand was there."

The project would be one of more than a dozen residential and mixed-use projects planned in and around downtown. Increasingly, developers are turning to near-downtown areas where land is easier to find.

The biggest project under construction is Novare Group's 44-story, 432-unit condominium tower at West Third and Nueces streets.

CWS, with offices in Austin and Newport Beach, Calif., buys, develops, manages and owns residential and mixed-use projects across the nation.

The company has been active in the Austin market for nearly 30 years. It also is building a 330-unit apartment complex in West Campus near the University of Texas.

Total 623
Number Thumbnail Title Author Date Votes Views
622
오스틴은 팬데믹 이후 주택 시장의 후유증을 어떻게 극복하고 있는가
admin | 2025.06.29 | Votes 0 | Views 50
admin 2025.06.29 0 50
621
4월, 중저가 주택 매물 10년 만에 최고치… 경제 불안 속 구매자에 희소식
admin | 2025.06.29 | Votes 0 | Views 48
admin 2025.06.29 0 48
620
집값이 산 가격보다 낮게 팔리는 주요 대도시들 (샌프란 -19.6%, 오스틴 -13.8%, 오클랜드 -11%)
admin | 2025.06.28 | Votes 0 | Views 38
admin 2025.06.28 0 38
619
"시장 조정은 예고된 일이었다" | 오스틴 주택 소유자들, 2022년 7월 이후 매입 주택의 48%가 손해 보고 팔릴 위험
admin | 2025.06.28 | Votes 0 | Views 67
admin 2025.06.28 0 67
618
라운드락, 미국에서 살기 좋은 도시 10위, 휴스턴 인근 수가랜드 3위 기록
admin | 2025.05.01 | Votes 0 | Views 335
admin 2025.05.01 0 335
617
집을 찾고 있는가? 텍사스의 이 도시들은 주택 가격이 가장 많이 하락했다.
admin | 2025.05.01 | Votes 0 | Views 359
admin 2025.05.01 0 359
616
2025년 2월 오스틴 부동산 시장, 주택 및 임대 가격 하락, 재고 증가로 구매자·임차인 기회 확대
admin | 2025.03.15 | Votes 0 | Views 494
admin 2025.03.15 0 494
615
2025년 1월 오스틴 주택 시장 안정… 임대 시장도 강세
admin | 2025.03.15 | Votes 0 | Views 388
admin 2025.03.15 0 388
614
오스틴의 주택 가격이 미국 50대 도시 중 가장 큰 폭으로 하락
admin | 2025.03.15 | Votes 0 | Views 347
admin 2025.03.15 0 347
613
오스틴 임대료, 대규모 주택 건설 붐 속에서 정점 대비 22% 하락
admin | 2025.02.28 | Votes 0 | Views 465
admin 2025.02.28 0 465
612
오스틴 지역 주택 시장 전망: 2025년 부동산 예측 및 트렌드
admin | 2025.02.26 | Votes 0 | Views 493
admin 2025.02.26 0 493
611
텍사스로 이주하는 사람들은 어디서 올까?
admin | 2025.02.14 | Votes 0 | Views 471
admin 2025.02.14 0 471
610
어스틴, Realtor.com 2025년 전미 최고의 부동산 성장 도시에 들어
admin | 2025.02.06 | Votes 0 | Views 643
admin 2025.02.06 0 643
609
2025년 오스틴 부동산 시장 예상은?
admin | 2025.02.06 | Votes 0 | Views 702
admin 2025.02.06 0 702
608
2024년 전체 및 12월 센트럴 텍사스 부동산 시장, 안정적인 한 해를 마무리
admin | 2025.02.06 | Votes 0 | Views 563
admin 2025.02.06 0 563