January 23, 2019
The “No Parking” signs will still be placed at The Avenue, a planned 31-story tower slated for Congress Avenue and 8th Street in Downtown Austin. But, instead of a mixed-use facility, the project will be a Hyatt Centric Hotel.
The Avenue, being developed by Congress Development Partners, was originally planned to comprise 135 luxury apartments, office space, a restaurant and a bar, according to the Austin American Statesman. Now, however, hotel rooms will fill the upper floors, with a restaurant and bar on the lowest two stories, and a roof terrace with a bar on the eighth floor.
And, it still won’t have any on-site parking.
A Congress Development Partners statement said that construction should start in the second or third quarter of 2019. No cost was disclosed.
The Congress Avenue site once housed the 1880’s-era Avenue Hotel, and is adjacent to the Paramount and State theaters. A development agreement with the Austin Theatre Alliance will keep the theaters in operation. The Alliance will also have use of The Avenue’s basement and office space on a rent-free 99-year lease.
Connect Houston is taking place in February 2019. For more information — or to attend — click here.
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