By choosing I Accept, you consent to our use of cookies and other tracking technologies. Updates related to construction at Saltillo and its impact to the local community can be found on this page. Will a development almost 20 years in the making still work for the neighborhood around it? Throughout the development process, MetroRail Plaza Saltillo station will not be affected and MetroRail service with adjacent MetroBus service should continue as scheduled. We use cookies and other tracking technologies to improve your browsing experience on our site, show personalized content and targeted ads, analyze site traffic, and understand where our audiences come from. April 18, 2016 Follow the links below to get email updates or to ask us any questions you may have. Upon completion, more than 1,700 people will live and/or work at Plaza Saltillo District. In a statement released by Capital Metro, board member Terry Mitchell said: “This is an important milestone in the long history of redeveloping Plaza Saltillo. Endeavor Real Estate and Columbus Realty will pay an initial yearly rent of $1.6 million to Capital Metro for the land. The heart and soul of Austin, Saltillo is an exciting new development which brings dining, shopping, music and entertainment together to create a unique and vibrant destination bustling with activity. +1 (512) 682-5537 Woo! Source document contributed to DocumentCloud by Wells Dunbar (KUT 90.5). There are no scheduled road closures at this time. Owner: Endeavor Real Estate Group Rogers-O’Brien is helping to transform five city blocks of Austin’s Saltillo, which is located in East Downtown Austin. Most blocks of the development are currently empty rail yards. The present Plaza Saltillo structure, which has its own. Copyright © 2018 Rogers-O’Brien Construction Company, LTD. Additionally, Endeavor has agreed to voluntarily pay more than the City of Austin’s ‘living wage’ originally set when the project was awarded. Endeavor Real Estate, the developer of the planned Capital Metro/Saltillo Plaza complex in East Austin, is asking the city for adjustments in height and affordable housing allowances. Privacy Statement, 5 Tips for Safe Holiday Celebrations at Manufactured Housing Communities, Rialto Sells Former Sears in Northeastern Philly for $29M, Paxion Capital Acquires Stake in Patrinely Group, Ford Unveils Plans for 30-Acre Detroit Redevelopment, Brewer Breaks Ground on Tampa Mixed-Use Destination, Addressing World Challenges With Sustainable Measures: Q&A. Ground’s finally broken on the Plaza Saltillo mixed-use development in East Austin. The Capital Metro board will also participate in the selection of a third party on-site monitor to improve worker safety. “The Saltillo project will bring a lot of community benefits like affordable housing, transit access, public green space and the preservation of some historic structures. “I want to thank everyone from Capital Metro, the development team and especially the community who so passionately and thoughtfully gave their time and expertise to get us to this moment to begin transferring ideas and sketches from paper onto the site itself.”, “The Plaza Saltillo partnership between Capital Metro and Endeavor exceeds other privately financed developments in Austin for workers’ rights,” said Jason Thumlert, principal at Endeavor Real Estate Group. CONSUMER PROTECTION NOTICE Dallas-based Endeavor Real Estate and Columbus Realty will act as the developers for the project. Austin, Texas—East Austin is on the verge of change. Map of the planned Plaza Saltillo development area courtesy of Endeavor Real Estate. As proposed plan changes to the development on Austin’s Eastside moves toward a City Council vote, neighborhood opposition to the revisions continues to grow. Austin, Texas 78701. Endeavor Real Estate Group. Our scope encompasses over one million square feet and includes 115,000 square feet of retail and restaurant space, 150,000 square feet of office space, four below and above ground parking garages, and 1.4 acres of open space and public art. This is unprecedented for a public-private project in Austin that is receiving no incentives from the city.”, © 2020 - Commercial Property Executive
Capital Metro Board and City Council member Ann Kitchen told the Austin-American Statesman the rent will increase by 3 percent for each of the first five years and later be based on rent values within the development. Capital Metro currently owns the six blocks of land, which lie east of Interstate 35 between East Fourth and East Fifth Streets. Endeavor has said construction will begin in early 2017, and will take about two years. BROKERAGE SERVICES. Endeavor Real Estate Group, one of the most active developers in Central Texas, is on a money-raising roll. We’re heard about this project in various forms since 2014, but now it’s time to hurry up and wait — the estimated time to completion is about 30 months. After Endeavor was granted the project in 2014, negotiations lasted almost two years over the old railroad yard between East Fourth and East Fifth streets. The community has shared excellent input about Plaza Saltillo over the past two decades that have helped shape the overall vision for the project.”, The rail line tracks at the Plaza Saltillo stop have been relocated to run alongside the development area. The Planning Commission had its chance to review the project … Visual rendering of the planned mix-use community space courtesy of Endeavor Real Estate. T 512-682-5560, VCARD | Ever since Capital Metro reached agreement in March with Endeavor Real Estate Group and Columbus Realty Partners Ltd. on developing the six-block Plaza Saltillo properties, the development team has been working out the details with city officials on what promises to be the most significant change to East Austin in a generation.. of past business and development efforts, is currently used on Sundays for the Hope Farmers Market. “This is an important milestone in the long history of redeveloping Plaza Saltillo,” said Capital Metro Board Member Terry Mitchell. 150,000 sf on 7 floors; 21,500 sf per floor; 2.9/1000 parking ratio (*more parking available month-to-month) Private balconies on some levels Create your own unique website with customizable templates. A modified version of plan changes for the Eastside project received approval on first reading from the Austin City Council, but discussion will continue. 901 E 5th Street, Austin, TX 78702 “This transit-oriented development in the heart of East Austin will provide important revenue and ridership to our overall operations while meeting important social goals for the surrounding community,” said Capital Metro president Linda S. Watson in a statement. Whole Foods signs lease for Austin’s first 365 store, Plaza Saltillo development finally underway, with expected 2019 completion, Plaza Saltillo development deal approved in close vote, Opposition to Plaza Saltillo plan changes grows, Plaza Saltillo development plan gets preliminary thumbs up, Neighborhood opposes Plaza Saltillo plan changes, Developer gets nod for Plaza Saltillo height increase, zoning change, Developer moves to triple height of Plaza Saltillo complex, Developers Moving Pine Street Station to Make Way for Plaza Saltillo, Capital Metro Approves Master Plan for Plaza Saltillo Development. The board’s other option, Saltillo Collaborative, will not continue negotiations with Capital Metro, disappointing community activists. June 29, 2017 – TRA Newswire – AUSTIN, Texas – Capital Metro and the Endeavor Real Estate Group/Columbus Realty Partners team will host a groundbreaking ceremony on June 28 at the Plaza Saltillo MetroRail Station in East Austin to celebrate the commencement of construction on the Plaza Saltillo District.The event will feature a flag-planting ceremony, remarks by community members … Endeavor Real Estate Group has unveiled its vision for the Plaza Saltillo mixed-use project in East Austin. We’re incredibly pleased to complete this step in the process, and we look forward to continue working with the Endeavor team to create a community that they, Capital Metro and the community will all be proud of.”. The Austin-based commercial real estate …
“This transit oriented development in the heart of East Austin will provide important revenue and ridership to our overall operations while meeting important social goals for the surrounding community,” said Capital Metro President & CEO Linda Watson. San Marcos Street will be expanded through the project. Ever since Capital Metro reached agreement in March with Endeavor Real Estate Group and Columbus Realty Partners Ltd. on developing the six-block Plaza Saltillo properties, the development team has been working out the details with city officials on what promises to be the most significant change to East Austin in a generation..