Friday August 19, 2022 by Chad Swiatecki
Stream Realty Partners this week provided more information about its plans to remake part of the Sixth Street entertainment district, with an emphasis on daytime business and a move away from the high-volume lap bars and nightclubs that have dominated the area for decades.
At this week’s Arts Commission meeting, Stream senior vice president Caitlyn Ryan said the company has bought more properties on the street, putting its portfolio well beyond the 30 or so it disclosed in recent presentations to local boards and commissions. Ryan also said the company is still in the design phase of the two stretches of Sixth Street — the northern blocks bisected by Red River Street — that will become a hotel with about 150 rooms and an office building that will have 600 parking spaces for day workers. offer. and nightlife visitors.
Ryan said the hotel will occupy the 500 block that currently houses businesses such as the Venue nightclub. There are plans for a music venue within the hotel meant to mimic the character of Hotel San José on South Congress.
Ryan frequently mentioned music venues in her remarks, including the possibility of the three-venue 700 block and the office building also having a music performance space.
“I liken it to an Austin-based Radio City Music Hall, where it’s an office building that’s going to seat 1,000 people during the day and it’s going to park at night,” she said. “It allows us to seat as many people here during the day, but also to profile Austin music venues and artists’ work.”
Ryan said Stream is in the process of hiring a full-time public art coordinator who will plan murals and other art projects with local creatives. The district’s property owners agreed to use some of the funding from an existing public improvement district to pay for art projects on properties not owned by Stream.
Commissioners questioned Ryan about her company’s plans to recruit diverse business owners in the area to operate restaurants, music and art spaces and other businesses, as well as how it would carry out its plans to do significant construction work and sell all of its commercial spaces. fill. in five years.
Ryan said Stream is working with the Historic Landmark Commission and local historic groups to protect as much of the historically significant spaces on the street as possible while carrying out its capital-intensive work that will come with more increased building height than is typically allowed. in the district.
“One of the big questions we got from the city council and a lot of people is why did we need density? To change this district, many of these buildings have been neglected for a very long time and the amount of money it would take to put in the grease trap infrastructure you need for a restaurant would make this whole project economically unfeasible, ” she said. “Density allows us to go to all these other buildings and really create infrastructure that will allow us to get the best tenants possible.”
Commissioner Lulu Flores praised Ryan for Stream’s investment and ambitious plans and said it’s important for the city to hold private developers to their promises made as they request code changes and other planning considerations.
“I hope that the density permitting trade-offs will be secured by commitments that this plan is what will be,” she said. “When you get those considerations, make sure that the plans that are laid out are maintained, and that those agreements are laid down so that we can make sure that the vision that is presented is the vision that will be realized.”
Photo by Larry D. Moore, CC BY 4.0, Wikimedia Commons.
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Posted in: Development, District 9
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