“With on-site, third-party, independent monitoring and enhanced insurance and safety provisions, the Capital Metro/Endeavor collaboration is unparalleled. Visual rendering of the planned mix-use community space courtesy of Endeavor Real Estate. Michael Hsu to design 30,000-square-foot project at Plaza Saltillo, Groundbreaking by major players Endeavor Real Estate Group, Columbus Realty Partners, and the Capital Metropolitan Transportation Authority makes things official. T 512-682-5564, Endeavor Real Estate Group Capital Metro. Endeavor Real Estate Group. that one of its goals for the mixed-use space is to increase riders on both the rail line and local bus routes. This is unprecedented for a public-private project in Austin that is receiving no incentives from the city.”, © 2020 - Commercial Property Executive By choosing I Accept, you consent to our use of cookies and other tracking technologies. Target (including an in-store CVS pharmacy). The Gateway to East Austin! 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. The construction will not interrupt existing public transportation services. Saltillo is a Transit-Oriented Mixed-Use Development in East Austin. You can find a brief overview of the Saltillo project and frequently asked questions here. 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. The Austin-based commercial real estate … 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. Satisfying concerns from the Worker’s Defense Project, the wage for construction workers on the project was increased from $11.39 to $13.03 per hour. A master plan for developing a 10-acre plot west of a MetroRail station and its Plaza Saltillo station was approved recently by the Capital Metro board of directors. As plans for Plaza Saltillo move ahead, the Austin Monitor reports that a storied building, studio, and community hub will be moved to make way for the development, which runs along the rail line between East Fourth and Fifth streets east of I-35. Capital Metro announced there will be 110,000 square feet of retail and 120,000 square feet of office space with underground parking. The East César Chavez neighborhood takes a stand against proposed zoning and affordability changes to the Plaza Saltillo development, Planning Commission approves changes requested by Endeavor, sends recommendation to City Council. The Capital Metropolitan board of directors approved Endeavor Real Estate’s Plaza Saltillo project, a 10-acre section of East Austin will be developed into a mixed-use, transit-oriented space including new apartments, office space, retail and a public park. Read Bio, writeEmail('aswift', 'endeavor-re.com', 'staffList'); Endeavor and Columbus Realty have won the competition to develop the Plaza Saltillo site downtown after hours of deliberation and a split that deadlocked … Rogers-O’Brien is helping to transform five city blocks of Austin’s Saltillo, which is located in East Downtown Austin. Pedestrian-only paseos connecting the north with the south will also be part of the development, as well as an expanded B-Cycle bike share program station(s). Updates related to construction at Saltillo and its impact to the local community can be found on this page. You can find a brief overview of the Saltillo project and frequently asked questions here. 500 W 5th Street, Suite 700 To learn more or opt-out, read our Cookie Policy. About 1.8 acres, enough to cover one and one-thirds football fields, will be public open space featuring community art. Endeavor Real Estate Group 500 W 5th Street, Suite 700 Austin, Texas 78701. The new community space will feature approximately 800 apartments, with at least 15 percent being designated as “affordable.” Those apartments will be rented only to individuals or families whose income is at or below 50 percent of the federally calculated median income, and will include some housing reserved for senior citizens. Most blocks of the development are currently empty rail yards. Map of the planned Plaza Saltillo development area courtesy of Endeavor Real Estate. Dallas-based Endeavor Real Estate and Columbus Realty will act as the developers for the project. “This is an important milestone in the long history of redeveloping Plaza Saltillo,” said Capital Metro Board Member Terry Mitchell. Nancy Palma, a neighborhood resident who helps run the farmers market, said she has mixed feelings about the development and is unsure whether it will have more positive or negative effects on the present community. 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. “The community has shared excellent input about Plaza Saltillo over the past two decades that have helped shape the overall vision for the project. 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. T 512-682-5560, VCARD |  The board’s other option, Saltillo Collaborative, will not continue negotiations with Capital Metro, disappointing community activists. JLL to Lease, Reposition Los Angeles Medical Campus, Cushman & Wakefield Closes New Jersey Warehouse Sale, Tishman Speyer JV Raises $1B for Life Science Projects, Elion Partners Expands West Coast Last-Mile Portfolio, CBRE Global Investors Buys 1.4 MSF Industrial Portfolio, Arizona MHC, RV Portfolio Changes Ownership, Cohen Asset Management Pays $37M for Los Angeles Warehouse, Vantage Data Centers Expands Canadian Footprint, First Extended Stay Hotel Opens at Columbus Airport, Life Company Commercial Mortgage Returns Stabilize: Trepp, iLand Development Group to Build $1B Austin Project, Austin Facility Shows Potential of Greener Self Storage, Top 5 Office Projects Under Construction in Austin, Partners Capital Acquires Austin Retail Asset, CSW Development Sells Austin Storage Asset. 6 contiguous blocks of specialty retail & restaurants at IH 35 and 5th street, 2.9/1000 parking ratio (*more parking available month-to-month), Walkable access to the Plaza Saltillo Rail Station. Almost two years after awarding Endeavor Real Estate Group the contract for a mixed-used, transit-oriented development, the Capital Metropolitan Transportation Authority board gave the thumbs-up to a master development agreement for the area. “We want the history of East Austin be preserved and to help expand opportunities for its long-time residents,” Deshotel said. The ins and outs of Plaza Saltillo, an 11-acre tract along the rail tracks just east of I-35 transformed into a transit-oriented development with a complex array of uses.