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Press Excerpts

 

The 'Loan' Star State – Texas is an alternative finance nexus

deBanked
http://debanked.com/2017/06/the-loan-star-state-texas-is-an-alternative-finance-nexus
by Paul Sweeney
June 15, 2017

Developers around the globe are making use of massive, obsolete power plants, using their prime locations and award-winning architecture for mixed-use development opportunities.

Read more at: https://www.bisnow.com/national/news/mixed-use/power-plant-tbd-74441?utm_source=CopyShare&utm_medium=Browser

We're at Able Lending in Austin, Texas, a financial technology company occupying three floors deep in the heart of the Seaholm power plant overlooking Lady Bird Lake. The fortress-like building anchors an inner-city complex of offices and residences, chic restaurants, boutique shops, and a Trader Joe's.

Once the main source of electricity for Texas's capital city, the natural gas-fired boilers have given way to a warren of glassed-in offices and meeting rooms connected by angular metallic stairways and a carpeted mezzanine.

It is here, in a tiny conference room, that Will Davis, a slim man of 35 and an alumnus of Harvard Business School, is drawing a bell curve on a whiteboard. Dressed for the balmy Texas weather in tan Bermuda shorts, a black tee-shirt and Nike running shoes, the company's chief executive and co-founder is explaining how Able's friends-and-family lending formula "widens" the risk curve.

able lending officehttp://debanked.com/2017/06/the-loan-star-state-texas-is-an-alternative-finance-nexus

 

25 Finalists Named for ULI Global Awards for Excellence

URBANLAND
https://urbanland.uli.org/planning-design/uli-announces-finalists-global-awards-excellence
by Trisha Riggs
June 5, 2017

Developers around the globe are making use of massive, obsolete power plants, using their prime locations and award-winning architecture for mixed-use development opportunities.

Read more at: https://www.bisnow.com/national/news/mixed-use/power-plant-tbd-74441?utm_source=CopyShare&utm_medium=Browser

Twenty-five extraordinary developments from around the world have been selected as finalists for ULI’s 2017 Global Awards for Excellence, widely recognized as one of the land use industry’s most prestigious award programs.

A group of winners chosen from the finalists will be announced in October at the 2017 ULI Fall Meeting in Los Angeles. The finalists (with the names of the developers and designers in parentheses) are as follows:

Seaholm Power Plant Redevelopment, Austin, Texas, United States (developer: Seaholm Power Development LLC; designers: STG Design, Clayton and Little Architects, TBG Partners)

 

 

Outdate coal, electric plants are becoming the world's largest redevelopment sites

BISNOW
https://www.bisnow.com/national/news/mixed-use/power-plant-tbd-74441
by Cameron Sperance
May 15, 2017

Developers around the globe are making use of massive, obsolete power plants, using their prime locations and award-winning architecture for mixed-use development opportunities.

Read more at: https://www.bisnow.com/national/news/mixed-use/power-plant-tbd-74441?utm_source=CopyShare&utm_medium=Browser

Developers around the globe are making use of massive, obsolete power plants, using their prime locations and award-winning architecture for mixed-use development opportunities.

... "What made it worth redoing is that it's all concrete. What made it a challenge is that it's all concrete," Southwest Strategies Group principal John Rosato said. "It's a building built for engineers by engineers."

Southwest Strategies worked with a team that included State Street Properties, construction firm Capital Project Management, Centro Development and architecture firm STG Design to reactivate the seven-acre site. After being selected as the winning bid in a city request for proposals process that began in 2004, the team began to execute its vision of a Trader Joe's grocery store, a 275-unit condo tower and 215K SF of commercial space at the plant.

... "Eighty percent of the interest was from high-tech companies looking for a unique, open footprint," Rosato said. "[Many] talked of better retention and recruitment tied to the added value of being in a unique building."

“Eighty percent of the interest was from high-tech companies looking for a unique, open footprint,” Rosato said. “[Many] talked of better retention and recruitment tied to the added value of being in a unique building.”

Read more at: https://www.bisnow.com/national/news/mixed-use/power-plant-tbd-74441?utm_source=CopyShare&utm_medium=Browser
“What made it worth redoing is that it’s all concrete. What made it a challenge is that it's all concrete,” Southwest Strategies Group principal John Rosato said. “It’s a building built for engineers by engineers.” Southwest Strategies worked with a team that included State Street Properties, construction firm Capital Project Management, Centro Development and architecture firm STG Design to reactivate the seven-acre site. After being selected as the winning bid in a city request for proposals process that began in 2004, the team began to execute its vision of a Trader Joe's grocery store, a 275-unit condo tower and 215K SF of commercial space at the plant.

Read more at: https://www.bisnow.com/national/news/mixed-use/power-plant-tbd-74441?utm_source=CopyShare&utm_medium=Browser

 

 

Green buildings renew the core of the city of Austin

Gas & Electricty
http://gaselectricity.in/green-buildings-renew-the-core-of-the-city-of-austin-_-engineering-_-national-geographic-national-geographic
May 5, 2017

This liberal-minded city likes to think of itself as unique in Texas, a blueberry in the tomato soup of red-state politics. Electricity deregulation The state capital, it is home to the University of Texas, and, on the outskirts, to the Center for Maximum Potential Building Systems, an obscure and quirkily-named nonprofit responsible for putting Austin on the map as a maverick of the green movement.

Recently, nine landscapes maintained by BrightView in San Diego were recognized as the 2016 Beautification Award winners by the California Landscape Contractors Association’s (CLCA) San Diego chapter. - See more at: http://www.totallandscapecare.com/landscaping/brightview-landscape-awards/#sthash.jqg18ewB.dpuf
Recently, nine landscapes maintained by BrightView in San Diego were recognized as the 2016 Beautification Award winners by the California Landscape Contractors Association’s (CLCA) San Diego chapter. - See more at: http://www.totallandscapecare.com/landscaping/brightview-landscape-awards/#sthash.jqg18ewB.dpuf
Recently, nine landscapes maintained by BrightView in San Diego were recognized as the 2016 Beautification Award winners by the California Landscape Contractors Association’s (CLCA) San Diego chapter. - See more at: http://www.totallandscapecare.com/landscaping/brightview-landscape-awards/#sthash.jqg18ewB.dpuf

... A man lounges near repainted smokestacks, once part of the Seaholm power plant from which the Seaholm district takes its name. The three-story Art Deco main plant was refurbished into modern office space, but the massive stacks were preserved as historic icons.

“If cities continue to develop in a low-density, sprawling fashion, it becomes impossible to garner enough tax revenue to support and maintain all that infrastructure,” she says.

The Seaholm EcoDistrict is an 85-acre development on the edge of downtown, facing the shoreline of Lady Bird Lake, some of the most sought-after real estate in the city. Electricity in homes Once dominated by the city-owned power plant and a water treatment facility, Seaholm today is a high-density, pedestrian-friendly enclave of shops, restaurants, new offices, and open spaces that invite gatherings such as the kind of music events Austin is known for.

... On a walking tour, Athens shows off Seaholm’s perks: a small forest of trees, public art works, recharging posts for electric cars, a solar-powered park bench for recharging smart phones and laptops. Electricity water analogy The Art Deco power plant has been preserved and remodeled into office space, housing a healthcare company and Boiler Nine Bar + Grill, a new restaurant with plans for a roof garden to grow salad greens and other vegetables. Walking paths reconnect the site to the rest of downtown on one side and to a pedestrian bridge over the lake on the other.

 

 

Austin: Preserving History Through Office Adaptive Reuse
Commercial Cafe
https://www.commercialcafe.com/blog/austin-adaptive-reuse
March 20, 2017

Penn Field - South Austin

Recently, nine landscapes maintained by BrightView in San Diego were recognized as the 2016 Beautification Award winners by the California Landscape Contractors Association’s (CLCA) San Diego chapter. - See more at: http://www.totallandscapecare.com/landscaping/brightview-landscape-awards/#sthash.jqg18ewB.dpuf
Recently, nine landscapes maintained by BrightView in San Diego were recognized as the 2016 Beautification Award winners by the California Landscape Contractors Association’s (CLCA) San Diego chapter. - See more at: http://www.totallandscapecare.com/landscaping/brightview-landscape-awards/#sthash.jqg18ewB.dpuf
Recently, nine landscapes maintained by BrightView in San Diego were recognized as the 2016 Beautification Award winners by the California Landscape Contractors Association’s (CLCA) San Diego chapter. - See more at: http://www.totallandscapecare.com/landscaping/brightview-landscape-awards/#sthash.jqg18ewB.dpuf

The property at 3601 S Congress Ave. was originally built in 1918 as a U.S. Army air base, to be used by the University of Texas’ School of Military Aeronautics. World War I ended before the airfield was completed, so it went on to function as a radio school instead of a flight training facility. By 1919, five brick buildings had been constructed, amounting to 168,000 square feet in improvements.

penn field fountain



Nine landscapes maintained by BrightView honored with awards
Total Landscape Care
http://www.totallandscapecare.com/landscaping/brightview-landscape-awards/
by Beth Hyatt
March 15, 2017

Recently, nine landscapes maintained by BrightView in San Diego were recognized as the 2016 Beautification Award winners by the California Landscape Contractors Association's (CLCA) San Diego chapter. - See more at: http://www.totallandscapecare.com/landscaping/brightview-landscape-awards/#sthash.jqg18ewB.dpuf
Recently, nine landscapes maintained by BrightView in San Diego were recognized as the 2016 Beautification Award winners by the California Landscape Contractors Association's (CLCA) San Diego chapter. - See more at: http://www.totallandscapecare.com/landscaping/brightview-landscape-awards/#sthash.jqg18ewB.dpuf
Recently, nine landscapes maintained by BrightView in San Diego were recognized as the 2016 Beautification Award winners by the California Landscape Contractors Association's (CLCA) San Diego chapter. - See more at: http://www.totallandscapecare.com/landscaping/brightview-landscape-awards/#sthash.jqg18ewB.dpuf

Recently, nine landscapes maintained by BrightView in San Diego were recognized as the 2016 Beautification Award winners by the California Landscape Contractors Association (CLCA) San Diego chapter.

... BrightView's Texas Development team won Gold Awards for the green roof installation done at the University of Texas at Austin's Dell Medical School and for its work at the Seaholm Power Plant renovation.

BrightView Landscape Development was recognized for its work on the Seaholm Power Plant renovation in Austin, Texas, which was honored with a Gold Award from the Texas Nursery & Landscape Association.
Photo: BrightView - See more at: http://www.totallandscapecare.com/landscaping/brightview-landscape-awards/#sthash.k5qGPXjx.dpuf
BrightView Landscape Development was recognized for its work on the Seaholm Power Plant renovation in Austin, Texas, which was honored with a Gold Award from the Texas Nursery & Landscape Association.
Photo: BrightView - See more at: http://www.totallandscapecare.com/landscaping/brightview-landscape-awards/#sthash.k5qGPXjx.dpuf


BrightView Landscape Development was recognized for its work on the Seaholm Power Plant renovation in Austin, Texas, which was honored with a Gold Award from the Texas Nursery & Landscape Association.
Photo: BrightView - See more at: http://www.totallandscapecare.com/landscaping/brightview-landscape-awards/#sthash.k5qGPXjx.dpuf
BrightView Landscape Development was recognized
BrightView Landscape Development was recognized for its work on the Seaholm Power Plant renovation in Austin, Texas, which was honored with a Gold Award from the Texas Nursery & Landscape Association. Photo: BrightView

 

BrightView Landscape Development was recognized for its work on the Seaholm Power Plant renovation in Austin, Texas, which was honored with a Gold Award from the Texas Nursery & Landscape Association.
Photo: BrightView - See more at: http://www.totallandscapecare.com/landscaping/brightview-landscape-awards/#sthash.k5qGPXjx.dpuf

 

Curbed Cup 1st Round
Curbed Austin
http://austin.curbed.com/2016/12/14/13946216/austin-clarksville-best-neighborhood-2016-east-riverside-oltorf
by Cindy Widner
December 14, 2016

Extolling the virtues of Clarksville at this point is a rather fish-in-a-barrel situation. The Clarksville Historic District—bounded by Enfield Road on the north, North Lamar Boulevard on the east, West Sixth Street on the south, MoPac Expressway to the west—is a section of the larger Old West Austin neighborhood, but it has a distinctive, much funkier style than other parts of the area, one that has appealed to Austinites for quite a long time.

... As downtown advanced west, with older developments like the Whole Foods mothership and the Waterloo Records complex joined by much larger scale projects such as the redevelopment of the Seaholm Power Plant, a funny thing happened. Because of its historic designation and the general will of the neighborhood, many of its older, sometimes ramshackle homes and businesses remained, making it an intimate, neighborly, small-scale area that just happened to be on a hill with great views, within walking distance of the now-thriving entertainment, restaurant, and shopping districts in southwest downtown. For many Austinites, that combination is downright irresistible.

 

 

Green Buildings Renew the Core of The City of Austin
A pioneer of the green building movement, Austin reinvents its ageing industrial sites, turning its former airport and defunct power plant—both on prime real estate—into hip urban enclaves.
National Geograhic
http://www.nationalgeographic.com.au/engineering/green-buildings-renew-austins-core.aspx
by Laura Parker
December 12, 2016

The jewels of Austin’s urban renewal are two entirely new districts that have risen from a pair of defunct industrial sites—a decommissioned, 1950s-era steam power plant and the outdated municipal airport, which closed in 1999.

Both are key to Austin’s efforts to lure 25,000 new residents and workers into the central city. Athens calls the two projects, which are distinctly different, Austin’s “bookends,” framing the kind of urban density the city needs.

“If cities continue to develop in a low-density, sprawling fashion, it becomes impossible to garner enough tax revenue to support and maintain all that infrastructure,” she says.

The Seaholm EcoDistrict is an 85-acre development on the edge of downtown, facing the shoreline of Lady Bird Lake, some of the most sought-after real estate in the city. Once dominated by the city-owned power plant and a water treatment facility, Seaholm today is a high-density, pedestrian-friendly enclave of shops, restaurants, new offices, and open spaces that invite gatherings such as the kind of music events Austin is known for. It is home to a new public library, set to open in May, and several residential high-rises, including one under construction that will be downtown Austin’s tallest building, The Independent, at 58 stories.

On a walking tour, Athens shows off Seaholm's perks: a small forest of trees, public art works, recharging posts for electric cars, a solar-powered park bench for recharging smart phones and laptops. The Art Deco power plant has been preserved and remodeled into office space, housing a healthcare company and Boiler Nine Bar + Grill, a new restaurant with plans for a roof garden to grow salad greens and other vegetables. Walking paths reconnect the site to the rest of downtown on one side and to a pedestrian bridge over the lake on the other.

 

 

Accordion 16 - Seaholm Mural
austintexas.gov
https://www.youtube.com/watch?v=EDLDf9hv7Z0&feature=youtu.be&app=desktop
atxn.tv - City of Austin On-Air, Online, Anytime
December 12, 2016

The City of Austin Cultural Arts Division of the Economic Development Department welcomes its latest addition to the city’s art collection. Accordion 16 is a new mural by the Italian artist group k Sten Lex. It spans an impressive 200 feet along the railroad retaining wall on Walter Seaholm Drive; an effort to bring a fresh perspective to the local art scene. Austin artist Jo Kristofoletti connected Sten Lex with Southwest Strategies Group, the developers behind the Seaholm Power Plant Redevelopment.
Additional funding was provided by the Art Alliance Austin and City of Austin Economic Development Department/Cultural Arts Division.

The City of Austin thanks the creators of Accordion 16, Sten Lex of Rome, Italy, as well as artist/producer Joseph Kristofolletti. The City of Austin also thanks Allen Cowden, Rick Reed, John Rosato, Danny Roth and Jim Susman for the donation of the artwork.

 

stenlex

[Sten Lex]

accordian16





Developers line up for chance to remake prime downtown Austin block
Austin Business Journal
http://www.bizjournals.com/austin/news/2016/11/22/developers-line-up-for-chance-to-remake-prime.html?surround=etf&u=lk%2BE5PP%2Ba4b027IqOaTrgHjDD7w&t=1479839591&j=76529251by Will Anderson
November 22, 2016

Eight companies or partnerships have submitted proposals to transform the downtown block where the county had hoped to build a new courthouse, one of Austin's most high-profile infill opportunities because the site could conceivably hold the tallest building in town.

According to the Austin American-Statesman, the firms that have submitted bids are:

  • Cielo Property Group with Gables Residential
  • Cousins Properties Inc.
  • Endeavor Real Estate Group LLC
  • Hanover Co. with Brandywine Realty Trust
  • Lincoln Property Co.
  • Riverside Resources
  • Southwest Strategies Group
  • The Presidium Group.

 

 

Proposals in to develop county-owned block in downtown Austin
Austin Business Journal
http://www.mystatesman.com/business/proposals-develop-county-owned-block-downtown-austin/SFhiJnWtNmpktqMDMdbGPI
by Shonda Novak
November 21, 2016

Travis County has received proposals from eight development firms or teams that are interested in leasing or buying a prime county-owned block just south of Republic Square in downtown Austin.

The developers have been involved in a wide range of real estate development in Central Texas, including high-profile office, retail, residential and mixed-use projects. Four of the firms are Austin-based: Cielo, Endeavor, Riverside Resources and Southwest Strategies Group.




The history Behind One of Austin, Texas' Hottest Development Properties
National Trust for Historic Preservation
https://savingplaces.org/stories/the-history-behind-one-of-austin-texas-hottest-development-properties-seaholm-power-plant#.WOAWQY61uup
by David Weible
November 3, 2016

At more than 65 years old, it’s no surprise that Austin’s Seaholm Power Plant is no longer producing electricity, but it is still helping to power the city as one of its hottest new development projects.

What is now more than 130,000 square feet of commercial space in downtown Austin was commissioned as the city’s new power source in 1948. At the time, post-war Austin had a population of roughly 130,000, and it was growing fast. In addition, new appliances like dishwashers and air conditioners were putting an added strain on the municipality’s already over-worked infrastructure.

... That’s when Seaholm Power, LLC stepped in, led by managing partner John Rosato. In April 2005, the team was selected to redevelop the full 7.8-acre site, including the power plant itself. Their approach balanced the construction of a new high-rise residential tower, a shorter commercial building, and a parking garage on the site with the restoration and preservation of the iconic Seaholm Power Plant.

... Today, thanks to some creative thinking, the Seaholm Power Plant remains a powerful symbol for the city of Austin and its history.

 

 

Want to buy a former opera hosue? Or a prime downtown Austin site? AISD has some properties to show you
Austin Business Journal
http://www.bizjournals.com/austin/news/2016/10/04/want-to-buy-a-former-opera-house-or-a-prime.html?ana=e_ae_set2&s=article_du&ed=2016-10-04&u=MITejpV6jcanx1o6%2FiXoh%2FrRg9&t=1475622293&j=76003051
by Will Anderson
October 4, 2016

Some appealing properties around the city, from the Central Business District to the east side, have landed on the market — courtesy of Austin Independent School District.

... Austin-based Southwest Stragies Group has been tapped as broker.

... School trustees have placed particular emphasis on projects that offer some academic benefit to students, come with affordable housing for faculty or families with kids, support the district's administrative space/design needs or provide revenue to the district — preferably on a recurring basis.


 

Austin's school district put 10 properties on the market
Austin American-Statesman
http://www.statesman.com/news/business/austin-school-district-puts-10-properties-on-the-m/nsj3R
by Shonda Novak
October 3, 2016

The Austin Independent School District on Monday issued a request for proposals and bids for 10 properties, including the district’s headquarters just west of downtown. Valued earlier this year at more than $95 million, the properties are on the market for sale, lease or other alternative, civic-minded uses.

Details are available online at Southwest Stragies Group.

... The district has hired the same commercial real estate firm it used back in 2011 to market the 10 properties. Southwest Strategies recently completed an evaluation of all 10 of AISD’s properties to determine the market value of each of them.





Seaholm development sold; Sources say New York buyer involved
Austin Business Journal
http://www.bizjournals.com/austin/news/2016/09/14/seaholm-development-sold-sources-say-new-york.html
by Jan Buchholz
September 14, 2016

Seaholm, the redeveloped Art Deco power plant on the southwest fringe of downtown Austin, has new owners — though the identity is somewhat of a mystery.

The sellers, headed by Southwest Strategies Group of Austin, announced the gigantic deal but declined to name the buyer in a three-page announcement confirming the sale.

... “We listened to the community and the market and together saved an historic icon,” said John Rosato, principal with Southwest Strategies, in a statement.

Southwest Strategies teamed with CIM Group of Los Angeles, which provided equity financing. Other participants in the project included Centro Development, State Street Properties, La Corsha Hospitality and Capital Project Management. STG Design in Austin played a pivotal role in the architecture and design of the project.

The development has won numerous awards for architecture, design and historic preservation.



Central Texas architects honored at fundraising gala
Westlake Picayune
http://www.statesman.com/news/news/local/central-texas-architects-honored-at-fundraising-ga/nsXXt
September 14, 2016

Leadership awards highlighted the recent Austin Foundation for Architecture’s Form: Function signature fundraiser at the new South Congress Hotel.

... Westbank-owned Southwest Strategies Group was recognized for 30 years of commercial real estate work, including planning/development, investments, brokerage and public agency consulting. Westbankers and principals Danny Roth and John Rosato focus mainly on iconic buildings that are reused and repurposed.

“It took 12 years to bring the $150 million mixed-use Seaholm project to life,” Rosato said. “Even though developers and architects typically have acrimonious relationships, we enjoy working with many different architects.”

Central Texas architects honored at fundraising gala photo

Southwest Strategies Group principals, awardees and Westbankers Danny Roth (left) and John Rosato (HOLLY JACKSON FOR WESTLAKE PICAYUNE)





Inside Boiler Nine Bar + Grill's Three Levels of Wood-Fire Fare and Cocktails

Austin Eater
http://austin.eater.com/2016/7/12/12159716/boiler-nine-bar-grill-photos-gallery-seaholm
by Nadia Chaudhury
July 12, 2016

It was fate when the developers behind the Seaholm project, Southwest Strategies, approached Boiler's parent company La Corsha Hospitality Group. The team was already toying with a concept based on wood-fired fare, which makes perfect sense to execute that vision in the defunct power plant. The name even stems from the location of the ninth of ten original working boilers.

...The space: Boiler Nine is sleek and industrial, both inside and out, and unlike any other structures in Austin. Vintage coin viewfinders on the observatory deck provide views of hill country on one side and the ghostly white network of power plant pipes and gridwork on the other. Grey, white and natural wood appear on both the rooftop and in the restaurant, which incorporates the power plant aesthetic while maintaining its delicacy with thin linear metalwork and round mod furniture. Both a chef's counter with bar stools and a long bar-level table provide the best view of the open kitchen, though the action is visible from all the tables on the main level, and seating on the smaller second level is best for a bird's eye view of the bar.

 

 

First Look: Boiler Nine Bar & Grill in Seaholm Power Plant
Zagat
New corner of downtown Austin emerges after decade of planning, building
https://www.zagat.com/b/austin/boiler-nine-bar-grill-seaholm-power-plant
July 6, 2016

This week, Austin welcomed Boiler Nine Bar + Grill, possibly the city's most anticipated opening in the past two years, to the refurbished Seaholm Power Plant. When La Corsha Hospitality announced exciting plans to transform 11,000 square feet over four levels into a grilling mecca, a late 2014 opening was anticipated. Since then, the group closed lauded fine dining concept Congress to expand Second Bar & Kitchen and acquired two historic properties which they are currently renovating (Green Pastures in Austin and The Baker Hotel in Mineral Wells), all while leading up to Boiler Nine's post-Independence Day launch. And we think you'll agree this ambitious project was worth the wait.

...The space: Boiler Nine is sleek and industrial, both inside and out, and unlike any other structures in Austin. Vintage coin viewfinders on the observatory deck provide views of hill country on one side and the ghostly white network of power plant pipes and gridwork on the other. Grey, white and natural wood appear on both the rooftop and in the restaurant, which incorporates the power plant aesthetic while maintaining its delicacy with thin linear metalwork and round mod furniture. Both a chef's counter with bar stools and a long bar-level table provide the best view of the open kitchen, though the action is visible from all the tables on the main level, and seating on the smaller second level is best for a bird's eye view of the bar.


 


Austin developers to create new campus at RBJ Center near downtown
Austin Business Journal
http://www.bizjournals.com/austin/blog/real-estate/2014/07/austin-developers-to-create-new-campus-at-rbj.html
by Jan Buchholz
July 2, 2016

It’s been a long time in the making, but redevelopment plans finally are moving forward for the Rebekah Baines Johnson Center in Central East Austin along the northern shore of Lady Bird Lake.

... Southwest Strategies Group, Momark Development and DMA Development Co. LLC will rehab the existing 16-story RBJ Center and will add another affordable senior housing component, mixed-income apartments, privately owned condominiums and 25,000 square feet of commercial space.

Southwest Strategies Group, Momark Development and DMA Development Co. LLC will rehab the existing 16-story RBJ Center and will add another affordable senior housing component, mixed-income apartments, privately owned condominiums and 25,000 square feet of commercial space.

 



Seaholm development project nears completion, spurs activty
Community Impact Newspaper
New corner of downtown Austin emerges after decade of planning, building
https://communityimpact.com/austin/central-austin/development-construction/2016/05/25/seaholm-redevelopment-project-nears-completion-spurs-activity/
May 25, 2016

It lay dormant for years, but a downtown Austin project on the grounds of a decommissioned power plant is beginning to come alive with retail and office locations operating and a residential tower starting to populate.

... A restaurant concept, Boiler Nine Bar + Grill, is slated to open in the former power plant by the end of May. By June, John Rosato, managing partner with developer Seaholm Power LLC, said he expects the remaining condominiums will be closed on and the rest of the spaces leased.

"It is really gratifying to see people coming through here," Rosato said. "It's all coming together."

Greg Kiloh, redevelopment project manager with the city of Austin's Economic Development Department, has worked on the Seaholm project for the past 15 years.

"To turn [the power plant] into a catalyst for the redevelopment district is very significant nationally," Kiloh said.

 

 

2016 Commercial Real Estate Awards winners unveiled
Austin Business Journal
http://www.bizjournals.com/austin/blog/real-estate/2016/05/2016-commercial-real-estate-awards-winners.html
by Will Anderson
May 10, 2016

Seaholm wins Best Overall award from ABJ
The Austin Business Journal honored the redevelopment of the Seaholm Power Plant with its "Best Overall" award on May 10. The awards honor the best commercial real estate projects in the Austin area. More than 30 projects were nominated in various categories. A video featuring Seaholm Power LLC's John Rosato and athenahealth's Jack Nye discussed the major undertaking that's been 12 years in the making – a transformation that now ensures the historic power plant will be preserved for generations to com

commercial real estate awards 2016

commercial real estate awards 2016

commercial real estate awards 2016
commercial real estate awards 2016



Golden Afternoon
Urban Matter, Inc.
http://urbanmatterinc.com/golden-afternoon/
April 22, 2016

Golden Afternoon is the first large scale permanent interactive installation in the City of Austin's Public Art Collection

...The parking lot below Trader Joe's and the Seaholm Redevelopment Project is a 3 storied underground structure. Like many parking structures it is functional and structural with gray exposed concrete as the main visible finish. A 40' x 40' concrete wall adjacent to the staircase that facilitates the passage of people from the underbelly of the parking lot to the Seaholm Plaza. This empty canvas was made available to us by the City create a project that could transform this place from purely functional to a joyful and delightful experience.

golden afternoon dedication

ga video
Project: Golden Afternoon on Urban Matter, Inc.

 

The Placemakers
GlobeSt.com. Real Estate Forum
http://www.globest.com/sites/suleaygoren/2016/04/25/the-best-of-development/?channel=real-estate-forum&slreturn=20160504200402
Some of the most impactful projects to hit the market in the past two years, and the development teams behind them
by Natalie Dolce
April, 2016

The act of real estate development is seldom as simple as putting up four walls and a roof. Building properties—particularly large, commercial assets—involves as much art and finesse as it does science and skill, especially when taking into account all the moving parts and interested parties. A development project can stand out for several reasons, not simply
sheer size and cost. Some projects garner attention for their design and architectural elements. Others can revitalize forgotten neighborhoods or provide a much-needed service. Still others can even create new neighborhoods, luring both residents and businesses
alike. Yet bringing any project to fruition takes a great deal of coordination, from city planners and developers, to investors and lenders, to architects, engineers and legal counsel. The hands and minds involved in building a new asset are many.

the placemakers

PDF of the article

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Top 10 States 2015: Seaholm Power Plant Redevelopment
USGBC: U.S. Green Building Council
http://www.usgbc.org/articles/top-10-states-2015-seaholm-power-plant-redevelopment/
by Amanda Sawit
March 24, 2016

The 2015 Top 10 States list honors transformative efforts at the state level to create healthier, more energy- and water-efficient places to live, learn, work and play. In 2015 alone, 1,633 projects were certified in the United States—equivalent to an incredible 275 million square feet.

#8 Texas

seaholm exterior
http://www.usgbc.org/articles/top-10-states-2015-seaholm-power-plant-redevelopment

The Seaholm Power Development, a historic landmark in Austin, Texas, was a former brownfield site that became an adaptive reuse project. After closing in 1989, the long-dormant power plant (originally built in the 1950s) offered a unique opportunity to preserve a key piece of Austin's past and unite it with its future.

The LEED Gold Seaholm Power Plant is envisioned as a future urban oasis on the Southwestern edge of downtown Austin. This $130 million mixed-use redevelopment includes a completed two-story, 67,000-square-foot retail and office building surrounding a one-acre public plaza. A 30-story, 615,000-square-foot residential tower containing 280 high-rise condos is expected to be completed this coming spring.

Despite the challenges of redeveloping a 60-year-old power plant, much of the original structure was reused or preserved. Over 10 percent of the building materials included recycled content, 20 percent of building materials were regionally sourced and energy use was reduced by nearly 20 percent. Additionally, rainwater harvesting was incorporated into the design.

 

 

Austin's Seaholm project for sale
Austin American-Statesman
http://www.mystatesman.com/news/business/austins-seaholm-project-for-sale-renewing-debate-o/nqryq
by Shonda Novak
March 24, 2016

"We're incredibly proud of the way we've redeveloped the entire site, and in particular the Seaholm Power Plant," said John Rosato, lead developer for the project. "It's been restored and redeveloped in a way that honors the past while ensuring its future.

Greg Kiloh, the city's project manager for Seaholm, said the project achieved its main goal: to preserve the structure, which is on the National Register of Historic Places.

"That was the purpose of the project," Kiloh said. "It wasn't to make a lot of money. It was an expensive historical preservation project that used economic development (financing mechanisms) as a means of doing the project."

... Government-owned land has been transformed into billions of dollars of new tax base," McCracken said. "The sales proceeds of these properties have added significant sums to the community's affordable housing trust fund. Restoring the Seaholm power plant and converting it from an abandoned power plant to a place people could occupy was complex, hugely expensive and financially risky for the developer. The easiest and most profitable thing to have done with the power plant building was to tear it down."

jay janner

 

 

FORM : FUNCTION
Austin Foundation for Architecture
http://www.austinfa.org/honorees
March 31, 2016

Each year, AFA honors one person from outside the field of architecture who believes in the relationship between a well-built environment and high quality of life. As an individual or through professional work, AFA Honorees demonstrate leadership consistent with the AFA mission, through the projects they initiate, lead or champion, through influential decision making, or financial contribution.

...At Form: Function, AFA honors one individual and one organization for extraordinary contributions to the built environment in Central Texas. This year AFA will honor architectural photographer, Patrick Wong of Atelier Wong and Southwest Strategies Group, developer of the Seaholm Project.

form : function


Seaholm Power Development LLC receives TWDB's Texas Rain Catcher Award
Texas Water Development Board
http://www.twdb.texas.gov/newsmedia/press_releases/2016/03/seaholm.asp
March 21, 2016

The Texas Water Development Board (TWDB) announced today the recipients of its annual Texas Rain Catcher Award, a rainwater harvesting competition and recognition program. Seaholm Power Development LLC was recognized in the commercial category.

... The Seaholm Power Development rainwater harvesting system, located in Austin, TX, is an industrial scale project that uses repurposed power plant cooling infrastructure. The 325,000-gallon system provides all of the normal irrigation needs of the five-acre site and the surrounding streetscape planting. The system also doubles as a water quality control system for the site and the surrounding public streets.

group pic for texas rain catcher award



City of Austin & Seaholm Redevelopment Receive Award for Vibrant Downtown Transformation

austintexas.gov
http://austintexas.gov/news/city-austin-seaholm-redevelopment-receive-award-vibrant-downtown-transformation
February 25, 2016


The Downtown Austin Neighborhood Association (DANA) has recognized the City of Austin Economic Development Department andSeaholm Power Development, LLC with a 2016 DANA Urban Light Award for the Seaholm Redevelopment.  
 
Each year DANA honors projects or initiatives that help create a vibrant urban environment for our city. The Urban Light Award recognizes an aspect of downtown that positively transforms the downtown area and points toward a bright future.
 
“The Seaholm Redevelopment brings a palpable new energy, culturally and economically, to the southwest quadrant of downtown, honoring Austin's civic infrastructure of the past while driving progress toward a vibrant and dense mixed use environment, said Meredith Powell, President, Downtown Austin Neighborhood Association.  “For the City's and Seaholm LLC's public-private partnership and commitment to this transformation, we're proud to honor the Seaholm Redevelopment this year.”

... The awards were presented on February 21 at the DANA Annual Meeting in downtown Austin.



Pictured from left to right: Greg Kiloh – City of Austin Economic Development Department Redevelopment Division; Meredith Powell, DANA President; John Rosato, Seaholm Power Development, LLC Managing Partner

 


Preservation Merit Awards
Preservation Austin
https://www.preservationaustin.org/blog/announcing-the-recipients-of-our-2015-preservation-merit-awards
Volume 19 No. 4
Fall 2015

SEAHOLM POWER PLANT, 800 West Cesar Chavez Street, Seaholm Power, LLC c/o Southwest Strategies Group, Inc for Rehabilitation

Jury comments: Such a large-scle rehabilitation of industrial buildings is rare in Austin, making this fantastic project's impact on downtown even greater. The project team is further commended for preserving the property's industrial components.
... It also marks the first time the City has entered into an agreement where the key goals is preserving an iconic structure.




Mayor, community leaders unveil new facility for the homeless

Austin Monitor
http://www.austinmonitor.com/stories/2015/11/mayor-community-leaders-unveil-new-facility-for-the-homeless
by Vicky Garza
November 12, 2015

A $14.6 million facility combining housing and services for Austin’s chronically homeless is expected to break ground in Central East Austin early next year with the support of Mayor Steve Adler, the Downtown Austin Alliance, various nonprofit organizations working to end homelessness and several prominent community leaders.

The 40,000-square-foot Housing First Oak Springs facility will be the first of its kind in Travis County, with 50 efficiency apartments for homeless individuals with mental illness, as well as an on-site clinic, a community room, a parking garage and retail space to provide supportive employment opportunities.

... The panel at the event consisted of the mayor; John Rosato, partner at Southwest Strategies Group; Paul Bury, president and CEO at Bury, a design and engineering consulting firm; and ECHO board members Ed McHorse, attorney at Graves, Dougherty, Hearon & Moody, and Judy Maggio, former news anchor.

... Bury also spoke about the opposition – often referred to using the term NIMBY, or “not in my backyard” – to projects such as this that are considered undesirable in certain neighborhoods. He has faced this type of opposition before and said that it is hard to find a good property and, despite the challenge, he’s already working on another project to take more people off the streets without using taxpayer money.

Rosato said that it simply took a while to find a model that works.


In rapidly changing downtown, The Hatbox finds new home
Austin American-Statesman
http://www.mystatesman.com/news/business/in-rapidly-changing-downtown-the-hatbox-finds-new-/nnrkx
by Gary Dinges
October 3, 2015



Property in downtown Austin is at a premium these days.

With cranes dotting the landscape, helping to build scores of new high-rise apartments, condos, hotels and offices, several businesses have been displaced in recent months.

... The Hatbox – which, as you might expect, sells men’s and women’s hats – lost its spot on East Sixth Street but has resurfaced just around the corner at 704 Congress Ave.

... The lease is for 20 years, according to Linda Asaf with Southwest Strategies Group, who helped secure the new space.

 

City to pick developer for prime spot
Austin American-Statesman
http://www.statesman.com/news/news/local/city-poised-to-pick-developer-for-prime-river-real/nnStP
by Lilly Rockwell
August 30, 2015

Shut down nearly three decades ago, the utilitarian Seaholm intake facility has remained on the north shore of Lady Bird Lake, like an architectural ghost of Austin’s past.

... The goal is to pick a developer by late Septemver and take it to the City Council for approval by October. The two fims in the running to develop the site are Stratus Properties Inc. and Southwest Strategies Group.

 

Amid boom, Austin's downtown condo
Austin American-Statesman
http://www.mystatesman.com/news/business/amid-boom-austins-downtown-condo-market-maturing/nnSHg/?icmp=statesman_internallink_invitationbox_apr2013_statesmanstubtomystatesmanpremium
by Lilly Rockwell
August 30, 2015

Austin developer Perry Lorenz remembers a time when, at the dawn of the 21st century, there was not a single high-rise residential condominium in downtown Austin

... Now the market is shifting again, with a new set of offerings that includes projects like Fifth & West and the 280-unit Seaholm Residences.

... Alan Holt, a real estate broker who owns Holt Residential, said the best might be yet to come for the market.

“The most exciting thing about downtown Austin is how much potential the market still holds,” Holt said. “And with all the new residents living downtown, this is driving not only more shopping, dining and entertainment options, but also things like wider sidewalks, landscaping, and more interesting and accommodating public spaces. Downtown Austin is developing a vibrant neighborhood feel, and that is inspiring to see.”


White Lodging plans hotel near convention center
Austin Business Journal
http://www.bizjournals.com/austin/blog/real-estate/2015/07/white-lodging-plans-hotel-near-convention-center.html?ana=e_aus_real&s=newsletter&ed=2015-07-09&u=yH6Ev7SmfofTjNtjhWTihtvRmP9&t=1436456266

July 8, 2015

A new hotel is planned for downtown Austin, across the street from the Austin Convention Center, reports the Austin American-Statesman.

Previously, the Austin Monitor has reported on plans by city leaders to acquire that part of Block 8 to expand the neighboring convention center. Marketing materials from Southwest Strategies Group, which has note that the Block 8 tract currently is split into four separate tracts occupied by small, one and two-story buildings.

 

Seaholm Topping Out Ceremony
July 1, 2015

The Seaholm redevelopment team celebrates the project's tallest component, a condo tower, topping out. In lieu of the customary tree topping, team members signed a lightning bolt, which was raised to the 28th level.

topping out group pic

Topping out team

Left to right: Bill McCann (head of engineering), John Rosato (managing principal), Peter Narvarte (head of construction), David Stauch (head of project management) and Danny Roth (principal).


Topping out ceremony for 30-story Seaholm Residences just wrapped!

Gary Dinges Twitter
https://twitter.com/gdinges?lang=en

July 1, 2015

Michael Knox photo



Supreme Court Decision Unlikely to Stall the Shift Away from Coal Plants

MIT Technology Review
http://www.technologyreview.com/news/538896/supreme-court-decision-unlikely-to-stall-the-shift-away-from-coal-plants

by Richard Martin
June 29, 2015

Perhaps the most well-known is the Seaholm project, in Austin, Texas. Located on the shore of Lady Bird Lake in downtown Austin, the 100-megawatt Seaholm Power Plant was shut down in 1996. Beginning in the mid-2000s the city redeveloped the site as a $100 million retail, office, and residential complex centered around the Art Deco plant building. Developer Southwest Strategies Group welcomed the first major tenant for the space, medical software provider Athenahealth, in February.



Under Armour CEO to huddle up with Austin tech executives soon
Austin Business Journal
http://www.bizjournals.com/austin/blog/techflash/2015/05/under-armour-ceo-to-huddle-up-with-austin-tech.html

By Christopher Calnan
May 5, 2015

Under Armour Inc. CEO Kevin Plank is scheduled to be the keynote speaker at a May 28 Austin Technology Council event.

"... The appearance comes two months after Under Armour (NYSE: UA) moved workers into a huge downtown Austin office space as the base for a technology division called Connected Fitness. A company executive also disclosed plans to hire 100 more technical workers this year to staff the 35,000-square-foot office at the Seaholm development next to the city of Austin Power Plant.

 

As downtown Trader Joe's opens, how do prices compare with Whole Foods?
Austin American-Statesman
http://www.statesman.com/photo/lifestyles/food-cooking/as-downtown-trader-joes-opens-how-do-prices-compar/pCdXKg
By Addie Broyles
May 1, 2015

People who live and work around Downtown now have a new option for grocery items. The Trader Joe's location at the Seaholm Power Plant is now open for business.

"In the Seaholm area where Trader Joe's is landing we have the highest residential density in town so while that area already has access to the flagship Whole Foods and the Royal Blues, it is really nice to add another option and another price point," said Fred Evins, Redevelopment Project Manager.

addie broyles pic



As downtown Trader Joe's opens, how do prices compare with Whole Foods?
Austin American-Statesman
http://www.statesman.com/photo/lifestyles/food-cooking/as-downtown-trader-joes-opens-how-do-prices-compar/pCdXKg
By Addie Broyles
May 1, 2015

People who live and work around Downtown now have a new option for grocery items. The Trader Joe's location at the Seaholm Power Plant is now open for business.

"In the Seaholm area where Trader Joe's is landing we have the highest residential density in town so while that area already has access to the flagship Whole Foods and the Royal Blues, it is really nice to add another option and another price point," said Fred Evins, Redevelopment Project Manager.

 

Trader Joe's at Seaholm is open for business
kxan
http://kxan.com/2015/05/01/trader-joes-at-seaholm-is-open-for-business
By Calily Bien
May 1, 2015

People who live and work around Downtown now have a new option for grocery items. The Trader Joe's location at the Seaholm Power Plant is now open for business.

"In the Seaholm area where Trader Joe's is landing we have the highest residential density in town so while that area already has access to the flagship Whole Foods and the Royal Blues, it is really nice to add another option and another price point," said Fred Evins, Redevelopment Project Manager.

 

Austin's best new buildings: The 2015 Commercial Real Estate Awards
Austin Business Journal
http://www.bizjournals.com/austin/blog/at-the-watercooler/2015/04/austins-best-buildings-2015-commercial-real-estate.html?ana=e_aus_bn_exclusive&u=zSKD1aGgV4z237t8rokvJmw3YYZ&t=1431017327
By Colin Pope
April 29, 2015

Eleven new buildings and key real estate transactions were recognized Wednesday evening during the Austin Business Journal's 2015 Commercial Real Estate Awards gala at the Four Seasons Hotel.

ABJ awards

 

Trader Joe's to open soon at Seaholm in downtown Austin
Austin Business Journal
http://www.bizjournals.com/austin/blog/real-estate/2015/04/trader-joes-to-open-soon-at-seaholm-in-downtown.html
By Jan Buckholz
April 13, 2015

The wait is nearly over for Trader Joe's to open in downtown Austin. The official grand opening is scheduled for Friday, May 1.

The 11,500-square-foot store — within walking distance of competitor Whole Foods Market Inc.'s headquarters and flagship store — will be in the new development around the retrofitted Seaholm Power Plant.

... The Seaholm project is one of the most notable new developments in the city because of the buzz created by the iconic former power plant — Athenahealth leased most of the space for its Austin operations, which you can see in a slideshow— and the rapid sell-out of the associated high-rise condo tower.




By a whisker: Austin cat cafe reaches Kickstarter goal, shops for space
Austin Business Journal
http://www.bizjournals.com/austin/blog/real-estate/2015/04/by-a-whisker-austin-cat-cafe-reaches-kickstarter.html
By Michael Theis
April 13, 2015

Grab your catnip and spray bottles, because Austin is one step closer to getting a cat cafe.

Gray is working with Lawson Pedder at Austin-based Southwest Strategies Group to help find an appropriate place for the cafe. She says it needs to be a place that can house a large cattery as well as have sufficient space for food trucks to operate.

 

athenahealth ribbon cutting
http://www.athenahealth.com
April 1, 2015

athenahealth ribbon cutting


The Most Anticipated Austin Restaurant Openings of Spring 2015
Austin Eater
http://austin.eater.com/2015/3/27/8295879/austin-restaurants-new-openings-spring
By Megan McCarron
March 27, 2015

... Here's Eater's seasonal guide to the biggest upcoming openings, including beloved Detroit-style pizza, an obscure New York burger shack, and four Italian restaurants.

Location: Seaholm
Major Players: Jason Stude, David Bull, La Corsha Hospitality
Projected Opening: Late Summer 2015

Jason Stude and David Bull of Second Bar + Kitchen and Congress will launch a meat and fire palace in the former Seaholm power plant this summer. Originally slated for June, David Bull recently told Eater the opening date is most likely closer to August.



Powering Back Up
austinmonthly.com
http://www.austinmonthly.com/AM/February-2015/Powering-Back-Up
By Erin Quinn-Kong
February 2015

More than 25 years after Seaholm stopped generating energy for the city, it's being redeveloped into a multiuse complex complete with shops, restaurants, green space, condos and offices—all set to open over the next few months.

... In 2005, developer John Rosato, along with his team at Southwest Strategies Group, was brought in to head up the project in a public-private partnership with the City of Austin. "Seaholm Power Plant embodies the history of the city, and it seems to resonate with a lot of people," says Rosato, who also led the Penn Field project. "It's a very unique structure with strong architecture, and the stacks are iconic—everybody recognizes them. It's been fun to work on."

... "What I've found in dealing with historic restorations is that the building gives you lots of neat opportunities," says Jeff Trigger, president/owner of La Corsha Hospitality Group, which is opening the four-story Boiler Nine Bar + Grill at Seaholm in May or June. "This building told us that we needed to do multiple kitchens, multiple menus and multiple bars instead of one big area. You have to work with what you're given. In the end, what you have is something iconic."

... MapMyFitness, which will occupy the entire second floor of the new retail space, plans to move in this month. Trader Joe's is scheduled to open in March, while Optique hopes to open in March or April.

 

Seaholm redevelopment project marks a milestone
Austin American-Statesman
http://www.mystatesman.com/news/business/seaholm-redevelopment-project-marks-a-milestone/nj7db/#adda7e75.3486828.735638
By Shonda Novak
February 9, 2015

Athenahealth Inc. is preparing to move into its high-profile office space downtown in the renovated Seaholm Power Plant, with an expected Feb. 2 move-in for the health care software company's 70 Austin employees.

..."The Seaholm move is hugely exciting because it's such an iconic building and the architects and developer worked very hard to keep it looking like Seaholm," he said. "Most developers would've added more floors in to get more tenants in there, but it's an open plan and it's nice that they resisted that urge to add floors."



First look: Austin's old power plant downtown now stunning creative office
Austin Business Journal
http://www.bizjournals.com/austin/blog/real-estate/2015/02/first-look-austins-old-power-plant-downtownnow.html?ana=e_aus_rdup&s=newsletter&ed=2015-02-03&u=zQSE8quuDYeJkshxgh557lcJrU4&t=1422977318
ByJan Buchholz
February 2, 2015

The massive Art Deco-inspired Seaholm Power Plant in downtown Austin has long captivated the imaginations of locals and visitors alike, and now after many years of dreaming and planning the retrofitted building is almost ready for its new occupants.

About 70 employees of Athenahealth — a software company — will move into the building near Cesar Chavez Street and Lamar Boulevard on Feb. 9.

... Numerous companies had shown interest in the redeveloped power plant, but it was Athenahealth of Watertown, Mass., that took the leap into the unknown and signed a lease with the development group, which was led by Austin-based Southwest Strategies Group.

... Currently, the Athenahealth offices will occupy 34,000 square feet in the former factory that's been transformed into a fortress of light. Two levels below ground — about 77,000 square feet — is available for expansion.





Seaholm offices downtown near completion for big Athenahealth move
Austin Business Journal
http://www.bizjournals.com/austin/news/2015/01/16/seaholm-offices-downtown-near-completion-for.html?ana=e_du_pub&s=article_du&ed=2015-01-16&u=yH6Ev7SmfofTjNtjhWTihtvRmP9&t=1421445340
By Chad Swiatecki
January 16, 2014

Athenahealth Inc. is preparing to move into its high-profile office space downtown in the renovated Seaholm Power Plant, with an expected Feb. 2 move-in for the health care software company's 70 Austin employees.

..."The Seaholm move is hugely exciting because it's such an iconic building and the architects and developer worked very hard to keep it looking like Seaholm," he said. "Most developers would've added more floors in to get more tenants in there, but it's an open plan and it's nice that they resisted that urge to add floors."



Seaholm tenant moves in as transformation continues
Austin American-Statesman
http://kxan.com/2015/02/09/seaholm-tenant-moves-in-as-transformation-continues
By Amanda Dugan
December 12, 2014

The transformation of Austin's Seaholm Power Plant hit a new milestone this week. Renovations at the plant have been underway for several years, and on Monday, athenahealth moved in to the facility.

One of the first things you notice about the building is how large the space feels. Looking up towards the ceiling reveals a piece of Austin history. The original gantry crane is still in place. It has a 75-ton capacity and is still operational.

... Athenahealth will start out with about 70 employees, but grow to workforce of 600. When those employees just need a Zen moment, they are encouraged to come into the on-site wellness center where workers can rest, until they are back to 100 percent.




See Texas' boldest construction projects in our inaugural Super Structures publication

Austin Business Journal
http://www.bizjournals.com/austin/blog/real-estate/2014/12/see-texas-boldest-construction-projects-in-our.html
By Heather Ladage, Tracy Merzi, John Beddow and Jimmy Holmes, Publishers of the Texas Business Journals
December 12, 2014

Texas is growing — more business, more people, more opportunity — and that means a lot more construction.

There's so much commercial construction, in fact, it's hard to keep track of, which is why the Texas Business Journals came together to create this inaugural edition of Super Structures. Profiled in this special subscriber content publication are the biggest or most significant construction projects underway in each of Texas' largest cities.

... You'll see updates on major projects, like the Seaholm mixed-use development and the Seton Medical Center at the University of Texas, as well as key business intelligence on the billions of dollars worth of construction occurring across the Lone State State.

Click on the link below and it is image 32 of 78

abj dec 14

Novak: Saving Austin's landmarks, one image at a time
Austin American-Statesman
http://www.mystatesman.com/news/business/saving-austins-landmarks-one-image-at-a-time/njQxg/#7fdebc52.3563073.735611
By Shonda Novak
December 13, 2014

... Though these historical public buildings have met their physical demise, they will be digitally preserved into the future, thanks to Bob Wynn and John Langmore, two Austin photographers who made it their mission to take extensive photographs of the structures before they became part of Austin's past.

... Like Green, Seaholm also had been decommissioned and was slated for a major transformation.Wynn and Langmore photographed Seaholm in four or five visits during 2011 and 2012. At Holly, they were given just a single morning – March 31, 2011.

picture gallery: http://www.mystatesman.com/gallery/business/public-works-photo-project-121414/gCP4p/#6529325



Healthy fans rejoice: True Food Kitchen heads to Seaholm in downtown Austin
Austin Business Journal
http://www.bizjournals.com/austin/blog/retail/2014/10/healthy-fans-rejoice-true-food-kitchen-heads-to.html?ana=e_du_pub&s=article_du&ed=2014-10-09&u=zSKD1aGgV4z237t8rokvJmw3YYZ&t=1412888622&page=all
By Jan Buchholz
October 9, 2014

The Seaholm project downtown has snagged another trendy restaurant — True Food Kitchen, which started as a collaboration between natural foods guru Dr. Andrew Weil and Arizona restaurateur Sam Fox. The ultra health conscious eatery is taking 7,000 square feet on the ground floor of the Seaholm residences and is expected to be open in mid-2015.

It joins a line-up that currently includes Boiler 9 Bar + Grill. We shined the spotlight on that new restaurant concept from Austin's La Corsha Hospitality Group in this article. The company led by President Jeff Trigger and Chef David Bull — the Austin Business Journal has profiled Bull and other local celebrity chefs previously— operates Second Bar + Kitchen and Bar Congress at the Austonian residential tower in downtown Austin.



Oasis slideshow: Design Lab opens, more retail and office on tap
Austin Business Journal
http://www.bizjournals.com/austin/blog/real-estate/2014/10/oasis-slideshow-design-lab-opens-more-retail-and.html?ana=e_aus_rdup&s=newsletter&ed=2014-10-03&u=yH6Ev7SmfofTjNtjhWTihtvRmP9&t=1412348506
By Jan Buchholz
October 2, 2014

Fashion designer and retail guru Linda Asaf has turned her attention in large part to a new store at the Oasis Texas, a retail and office development with one of the most quintessential views of Lake Travis.

... The 3,000-square-foot space includes an open area for hosting special events, including product launches, fashion camps and shows, concerts and private parties. Click on the image to see photos of the development.

... Her life now is a buzz of activity — opening the retail store at Oasis Texas, operating a design studio on West Sixth Street downtown and brokering retail space in affiliation with Southwest Strategies Group. She is the official listing broker for the Oasis Texas.



Austin Office Space: More Supply, Less Demand? Guess Again
The Wall Street Journal
http://m.wsj.com/articles/austin-office-space-more-supply-less-demand-guess-again-1411507470?mobile=y
By Matt Hudgins
September 23, 2014

Even with nearly 750,000 square feet of office space under construction in downtown Austin, the area's occupancy rate is poised to increase under intense demand from tenants in a variety of industries.

"When all the buildings that are under construction deliver, the occupancy rate will actually go up, because of the preleasing in the buildings," said Charles Heimsath, president of Austin-based Capitol Market Research. "That may be an unprecedented situation and shows the tremendous strength of the downtown market."

... Just north of the Colorado River, a joint venture called Seaholm Poweris working with the City of Austin to redevelop the 1950s-era Seaholm Power Plant into a massive mixed-use downtown complex that includes two preleased office projects: Health-record-services provider Athenahealth plans to relocate its corporate headquarters from Watertown, Mass., to a 110,000-square-foot building there; and MapMyFitness, an Austin fitness-technology firm acquired by Under Armour, has preleased the second floor of a two-story, 66,000-square-foot building that will have Trader Joe's on the first floor.



'Uber-successful' Seaholm condo fills up fast
Austin Business Journal
http://www.bizjournals.com/austin/print-edition/2014/09/05/uber-successful-seaholm-condo-fills-up-fast.html
By Jan Buchholz
September 5, 2014

More than 80 percent of the square footage in the condominium tower at the Seaholm LLC development in downtown Austin now is under contract.

Exclusive listing broker Kevin Burns, CEO of Urbanspace, categorizes the 280-unit Seaholm Residences as the city's "third uber-successful" downtown condominium project of the past decade.

... "The high Seaholm conversion rate just goes to show how highly sought-after this project is," Burns said. "This is the location that will be the center of downtown living."

Seaholm LLC includes the repurposing of the original Seaholm Power Plant on Cesar Chavez Street into the corporate headquarters for technology company Athenaheath Inc.

In addition to the 30-story residential tower, a low-rise building will include office and retail space — a third Austin Trader Joe's is scheduled to open this fall — and an outdoor plaza, along with parking.

... "We've seen a wide range of financial buying power. This has been so successful because it's not about one particular demographic," Burns said.



A Development Project with a Silver Lining
The Austin Chronicle
http://www.austinchronicle.com/news/2014-07-11/a-development-project-with-a-silver-lining
By Amy Smith
July 11, 2014

A lone residential tower that stands alongside I-35 just east of Downtown is about to be part of an ambitious master-planned community for Austin seniors.

... "The No. 1 priority was to take care of our residents and our seniors, and that continues to remain a priority," said board Vice Chair Paul Saldaña, adding that a representative of the residents' council as well as members of the East Cesar Chavez Neigh­borhood Planning Team have been actively involved in the master-planning process.

Once completed, the campus will feature 500 units of senior housing – 250 of them for low-income seniors – plus 340 units of mixed-income apartments and condos, and 25,000 square feet of commercial space. Additionally, the new development will feature indoor and outdoor gathering spaces with new connective pathways to the Edward Ren­don Sr. Park at Festival Beach. The board recently selected a team of local developers to redevelop the site; they include Southwest Strategies Group, Momark Develop­ment, and DMA Development Co. LLC.

 

 

RBJ Center expansion one small step toward addressing silver tsunami
Austin American-Statesman
http://www.statesman.com/news/news/opinion/rbj-center-expansion-one-small-step-toward-address/ngYZG
July 4, 2014

For years, Central Texas experts have warned of the “silver tsunami,” referring to our growing aging population.

... The planned expansion of the Rebekah Baines Johnson Center in Central East Austin, a independent living center for seniors and people with disabilities, is one small step in addressing the needs of the more than 34,000 seniors ages 65 to 69 in Travis County.

... “Austin is home to one of the fastest growing populations of seniors in the country, and their impact in our community cannot be underestimated,” Mayor Lee Leffingwell told us. “When I started the Mayor’s Task Force on Aging last year, the group set out to make recommendations that ensure our seniors live active, healthy and independent lives. The redevelopment plans for the RBJ tower are an exciting step toward doing just that.”


Wondering what's going on behind the construction fences on Cesar Chavez?
Austin Business Journal
http://www.bizjournals.com/austin/blog/real-estate/2014/07/wondering-whats-going-on-behind-theconstruction.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+bizj_national+%28Bizjournals+National+Feed%2By Jan Buckholz
July 3, 2014

More than half the tower cranes in downtown Austin hover over the Seaholm District, that gigantic patchwork of construction projects north of Cesar Chavez Street between San Antonio Street and Lamar Boulevard.

... The redevelopment of the Seaholm Power Plant is in full construction mode with the renovation of the original Art Deco-style utility structure close to incorporating the tenant improvements for the main tenant — Athenahealth. The company is expected to move into its 113,000 square feet corporate headquarters before the end of the year.

The midrise building on the site, which will include office and retail space, also is making headway with tenant improvements scheduled to begin this month for Trader Joe’s. The popular California-based grocer is expected to open sooner rather than later — as early at Oct. 15.


Austin developers to create new campus at RBJ Center near downtown
Austin Business Journal
http://www.bizjournals.com/austin/blog/real-estate/2014/07/austin-developers-to-create-new-campus-at-rbj.html?page=all
By Jan Buckholz
July 2, 2014

It’s been a long time in the making, but redevelopment plans finally are moving forward for the Rebekah Baines Johnson Center in Central East Austin along the northern shore of Lady Bird Lake.

... Southwest Strategies Group, Momark Development and DMA Development Co. LLC will rehab the existing 16-story RBJ Center and will add another affordable senior housing component, mixed-income apartments, privately owned condominiums and 25,000 square feet of commercial space.

“It’s my dream to see on a Sunday afternoon all ages and types of people enjoying the common areas,” said Terry Mitchell, principal of Momark Development.


Capital City Senior Living Being Redeveloped
RECON
http://recenter.tamu.edu/recon
By Shonda Novak
July 1, 2014

Private nonprofit Austin Geriatric Center Inc. has selected three firms to redevelop the 16-story Rebekah Baines Johnson Center, which sits on 18 acres along Lady Bird Lake. The plan will double the amount of affordable senior housing available there and add mixed-income housing for all ages.

  • Southwest Strategies Group, Momark Development and DMA Development Company LLC will form a development entity called Cesar Chavez Lakeview Village LLC.



$200 Million Seniors Project Coming to Lady Bird Lake Site in Austin
realtynewsreport.com
http://realtynewsreport.com/2014/07/01/200-million-seniors-project-coming-to-lady-bird-lake-site-in-austin
July 1, 2014

A development team has been chosen to undertake a $200 million redevelopment and expansion of the Rebekah Baines Johnson seniors housing project on Lady Bird Lake in Austin.

... The Austin-based developers working on the project are:

  • Southwest Strategies Group serves as managing partner in the mixed-use redevelopment of the Seaholm Power Plant in downtown Austin and renovated the award-winning Penn Field mixed-use project in South Austin.
  • Momark Development was a principal development consultant on the luxury downtown condominium high-rise the Austonian and has developed numerous high-quality projects in South Austin including Chestnut Commons, MacMora Cottages, Edgewick Condominiums and Denizen Condominiums.

  • DMA Development developed Wildflower Terrace, the only high-density, vertical mixed-use, mixed-income senior housing community in Austin, located in the Mueller development. In addition to providing development consulting on more than 12,000 nonprofit-owned affordable units nationally, DMA has developed 25 properties and currently has a portfolio of more than 1,850 units.

$200 million project planned for RBJ Center site
Austin American-Statesman
http://www.statesman.com/news/business/200-million-project-planned-for-rbj-center-site/ngW2r
June 30, 2014

A new future is about to unfold for a prime waterfront site that for 42 years has been home to the 16-story RBJ Center, an affordable housing development for senior citizens.

A team of local developers has been chosen to transform the nearly 18-acre site just east of downtown with 250 new units of affordable senior housing, 250 units of renovated senior housing in the existing building, about 340 units of market-rent apartments and condominiums for a mix of ages and incomes, and 25,000 square feet of commercial space.


RBJ Center: 18 Acres of East Austin To Be Redeveloped
austintowers
http://austintowers.net/rbj-center-18-acres-of-east-austin-to-be-redeveloped
July 1, 2014

Drive northbound on I-35 into downtown, look to the right while crossing Ladybird Lake, and you cannot miss the lone tower on the east side of Austin.

This is the Rebekah Baines Johnson Center (aka. Austin Geriatric Center). This is also one of the most desirable parcels of land in Austin.

... A team of three local developers has been selected by the private non-profit Austin Geriatric Center to redevelop 18 acres of the property. Two notable members of the team are Momark Development, developers of Edgewick, the Austonian, and also Chestnut Commons; and Southwest Strategies Group, who is responsible for Seaholm.


$200 million project planned for RBJ Center site
Austin American-Statesman
http://www.mystatesman.com/news/business/200-million-project-planned-for-rbj-center-site/ngW2r/?icmp=statesman_internallink_textlink_apr2013_statesmanstubtomystatesman_launch#a56d5267.3750124.735417By Shonda Novak
June 30, 2014

A new future is about to unfold for a prime waterfront site that for 42 years has been home to the 16-story RBJ Center, an affordable housing development for senior citizens.

... Nonprofit Austin Geriatric Center Inc., which owns and operates the RBJ Center, in January 2012 solicited bids from developers interested in carrying out its vision for the site, which is north of Festival Beach and has views of downtown and of Lady Bird Lake. The board told the American-Statesman that it has chosen Southwest Strategies Group, Momark Development and DMA Development Company LLC to take on the project.


MapMyFitness joins tenant list for Seaholm project
statesman.com
http://www.statesman.com/news/business/mapmyfitness-joins-tenant-list-for-seaholm-project/ngKFx/
By Shonda Novak
June 12, 2014

MapMyFitness, a growing Austin-based fitness technology firm, is the latest tenant to sign on for the mixed-use project at the former Seaholm Power Plant spanning nearly 8 acres on downtown Austin's southwestern edge.

"We're thrilled Under Armour is on-board for all of the office space in our low-rise structure, as they're a brand that will complement the vision and culture of the project. They're such a great fit in every way," said John Rosato, principal with Southwest Strategies Group and managing partner for Seaholm Power LLC, the company leading the redevelopment.


Urban Matter likely to light up Austin's Seaholm with art installation
Austin Business Journal
http://www.bizjournals.com/austin/blog/creative/2014/06/urban-matter-likely-to-light-up-austins-seaholm.html?ana=e_du_pub&s=article_du&ed=2014-06-11&u=zQSE8quuDYeJkshxgh557lcJrU4&t=1402518334
By Robert Grattan
June 11, 2014

Urban Matter Inc. is the city's first choice for an up to $88,000 contract for an art installation at the Seaholm redevelopment project. If the contract is approved by City Council and a deal is inked, Urban Matter would design and install a three-story piece in the entrance to the underground parking structure for the public Seaholm plaza. The project is turning Austin's old downtown power plant into a place where people can live, work and play.


Office real estate: Who leased the most space in Austin in Q1?
Austin Business Journal
http://www.bizjournals.com/austin/blog/real-estate/2014/04/office-real-estate-who-leased-the-most-space-in.html?ana=e_du_pub&s=article_du&ed=2014-04-23&u=zSKD1aGgV4z237t8rokvJmw3YYZ&t=1398363509
By Jan Buchholz
April 23, 2014

... The biggest lease this year thus far is Athenahealth Inc.’s prelease of 103,000 square feet at Seaholm Power LLC project, the redevelopment of the Seaholm Power Plant in downtown Austin. Southwest Strategies Group Inc. is the major development partner.


The Coolest Space of Them All?
Austin Business Journal
http://www.bizjournals.com/austin
March 21, 2014

 

'Enchanted Forest' on the market in South Austin
kxan
http://kxan.com/2014/03/19/iconic-south-austin-property-on-the-market
By Kate Weidaw
March 19, 2014

A well-known piece of property in South Austin that’s referred to as the Austin Enchanted Forest is up for sale.

... The property has been on the market for about a month, and is listed at $3.3 million.

“There is no other property like it,” said Michael Bullard, Southwest Strategies Group realtor.

Southwest Strategies Group, the development firm behind the Seaholm Power Plant redevelopment, is the listing agent. Since the property is zoned for commercial, Bullard said a potential developer has lots of options.

“They could put retail, office, or anything else within the zoning rights,” said Bullard.

A creek runs through the back half of the property, making only 1.56 acres of the 3.1 acres available for development. Deloach just hopes whomever acquires the land keeps its essence.




Only a few months until Seaholm reopens
kxan
http://www.bizjournals.com/austin/news/2014/02/19/how-cheer-up-charlies-found-a-home-on-austinsred.html
By Kate Weidaw
February 24, 2014

... "We tried really hard to maintain the essence of the building," said John Rosato, Managing Partner for the Seaholm Development.

That essence is the industrial feel of when the plant was built in the 1950′s and housed the offices for Austin Energy.

... "A lot of people come in here and say put in more floors and you have more floor space you can rent but then we lose the actual feeling of the space," said Rosato.

Three of the five boilers were also removed and more windows were installed to allow more natural light to come in.

And one of those boilers is the center piece of the plant's main restaurant called Boiler 9.

"He's adding in a mezzanine level to make it four stories," said Rosato. "Which is going to be phenomenal."


David Bull has a new restaurant on the way
culturemap
http://austin.culturemap.com/news/restaurants-bars/austin-food-news-david-bull-new-restaurant-hops-and-grain-supporter-delysia/?utm_source=dailydigest&utm_medium=email&utm_campaign=cmpgn-2014-2-22
By Layne Lynch
February 21, 2014

The upcoming Seaholm Power Plant development already has an exciting new tenant. According to a press release, recently named James Beard Award Semifinalist David Bull and Jeff Trigger of the La Corsha Hospitality Group — who also helped open Congress/Second Bar + Kitchen/Bar Congress — will work alongside each other to bring the new Boiler Nine Bar + Grill to life. With 11,000 square feet of space, the restaurant will span over four floors, featuring three bustling kitchens and a bar on every floor. Sure sounds super fancy!




Old Seaholm Power Plant gets first restaurant — four stories, full of boilers
Austin Business Journal
http://www.bizjournals.com/austin/blog/real-estate/2014/02/old-seaholm-power-plant-gets-first-restaurant-four.html
By Michael Theis
February 19, 2014

That's because the Seaholm Power Plant, currently undergoing redevelopment, has its first restaurant: the Boiler Nine Bar + Grill.

The 11,000-square-foot, four-story restaurant from Austin-based La Corsha Hospitality Group draws its name from the massive boilers which once stood where the restaurant will be located.

... And here's one architectural feature that promises to be unique to Seaholm: patrons will be able to access the restaurant's third level by ascending a set of stairs that take them through the old boiler itself.




David Bull to Open Boiler Nine Bar + Grill in Seaholm
Austin Eater
http://austin.eater.com/archives/2014/02/19/david-bull-to-open-massive-boiler-nine-bar-grill-in-seaholm.php
By Meghan McCarron
February 19, 2014

The Statesman reports that chef David Bull and partner Jeff Trigger of La Corsha Hospitality Group will open Boiler Nine Bar + Grill in the new Seaholm development. The massive project will span "11,000 feet over four floors." More details:

Diners will have views from an observation deck and bar at the highest level, as well as an intimate lounge and dining experience in the lowest level underground by the original boiler room. The concept will feature three kitchens – including one with a wood-fire grill that will be open, allowing diners to watch chefs at work preparing food – and a bar on every floor.



How Cheer up Charlie's found a home on Austin's Red River Street
Austin Business Journal
http://www.bizjournals.com/austin/news/2014/02/19/how-cheer-up-charlies-found-a-home-on-austinsred.html
By Chad Swiatecki
February 19, 2014

Cheer Up Charlie’s co-owners Tamara Hoover and Maggie Lea had already started looking at possible locations to open a second bar and concert venue when they got word in December that the East Austin location they’d occupied since 2010 had been sold. That news meant their would-be second location was instead going to become the new home of the popular watering hole. So they had to think big.

The Red River Street property that was the longtime home to Club De Ville until that bar’s closure in October quickly became the couple’s top choice, and they had to act fast to get the jump on a crowded field of more than a dozen applicants. The pair worked with Realtor Mike Bullard of Southwest Strategies Group to negotiate the five-year lease.



37-story condo tower offered for downtown
Project procedding under city's density bonus program
Austin American-Statesman
http://www.statesman.com/news/business/austin-developer-plans-37-story-condo-tower-downto/ndSLn
By Shonda Novak
February 19, 2014

More high-rise housing could be headed to downtown Austin, with a local developer planning a 37-story tower at West Fifth Street and West Avenue that would bring 163 upscale condominiums to market.

... The tower would be the sec- ond condominium project to break ground following a hiatus of residential projects during the economic downturn. While several apartment towers are being built downtown, the only other condo project currently under construction is a 30-story tower being built as part of the ‍Seaholm development along West Cesar Chavez Street. The 280 condos in that project went under reservation within a week’s time, a record for a downtown residential project.



Entertainment options start to come into focus for Seaholm project
Austin American-Statesman
http://www.mystatesman.com/news/business/entertainment-options-start-to-come-into-focus-for/ndSjZ/?icmp=statesman_internallink_textlink_apr2013_statesmanstubtomystatesman_launchBy Gary Dinges & Shonda Novak
February 18, 2014

The long-anticipated entertainment options are starting to come into focus for the Seaholm development in downtown Austin.

The first restaurant bound for the development will be a new concept from Jeff Trigger and chef David Bull, creators of Congress and Second Bar + Kitchen, two trendy restaurants in the Austonian high-rise.

... Diners will have views from an observation deck and bar at the highest level, as well as an intimate lounge and dining experience in the lowest level underground by the original boiler room. The concept will feature three kitchens – including one with a wood-fire grill that will be open, allowing diners to watch chefs at work preparing food – and a bar on every floor.

"Boiler Nine will launch with everything in its favor, from its creators to a prominent place in the most iconic Austin building," said John Rosato, principal with Southwest Strategies Group and managing partner for Seaholm Power LLC, the company leading the redevelopment. "We're thrilled about everything we're hearing that they intend to do, as it helps to enhance the vision and vibrancy we've set out to create sitewide."


Athenahealth Leases Up Seaholm Power Plant Office Redevelopment
GlobeSt.com
http://www.globest.com/news/12_791/southwest/office/Athenahealth-Leases-Up-Seaholm-Power-Plant-Office-Redevelopment-342543.html?ET=globest:e42024:10291a:&st=email&s=&cmp=gst:Texas_AM_20140212:editorialBy Analee Bivins Micheletti
February 7, 2014

CIM Group and Seaholm Power LLC announced athenahealth leased the entirety of the 103,000-square-foot office space at Seaholm Power Plant in Austin, Texas.

... The redevelopment of the 1950 art deco Seaholm Power Plant will feature a  ground floor restaurant and coffee shop and four floors of open, creative office space “designed to meet the needs of athenahealth’s office, research, and development operations,” said CIM in a statement.

The five acres surrounding the plant are being developed into a “urban oasis” touting 1.5 acres of public open space, a 30-story residential tower, Seaholm Residences, and a two-story, 66,000-square-foot retail and office building which will include a Trader Joe’s market. The 280-unit Seaholm Residences is fully reserved and will deliver in the second quarter of 2015.



Athenahealth accepts incentives deal, picks Austin for expansion
Austin Business Journal
http://www.bizjournals.com/austin/print-edition/2014/01/24/how-athenahealth-built-up-a-medical.html
By Shonda Novak
January 31, 2014

Athenahealth Inc. said Friday it has chosen Austin for an expansion of its research and development operations, and plans to create more than 600 jobs at the former Seaholm Power Plant building on West Cesar Chavez downtown.

"We're thrilled to be growing our presence in Austin, a city with a culture and vibe that perfectly aligns with our own," said Jonathan Bush, chairman and CEO of Athenahealth. "Athenahealth is growing all across the country as we work to fulfill our vision of becoming a national information backbone to make health care work as it should… Austin's dynamic talent pool, combined with the fantastic support from Gov. Rick Perry and his team, as well as from the City of Austin, has made us already feel at home. We're inspired to make Austin a hub for the important work we do to advance connectivity in health care."

Athenahealth has said the jobs — most of them to be hired locally and many of them high-paying software developer jobs — will pay an average annual wage of $132,085. The city said its incentive package — which is equal to $250 per new full-time job, per year — will result in a total net benefit to the city of $1.67 million.

Athenahealth said it will make a total capital investment of $13 million in its new R&D center, which will be a 110,000-square-foot facility at the Seaholm redevelopment project. The company plans to hire 607 employees over the next 10 years, in addition to relocating its existing 36 Austin employees at Seaholm.




Done deal: Athenahealth to bring 607 jobs to Austin
Austin Business Journal
http://www.bizjournals.com/austin/blog/techflash/2014/01/done-deal-athenahealth-to-bring-607-jobs-to-austin.html
by Nick Simonite January 31, 2014

Athenahealth has chosen to locate its new research and development center in Austin after City Council signed off on an incentives package.

The new center will bring 607 employees and a major health care technology company to Austin over the next 10 years. The company will be the major office tenant for the downtown Seaholm Power Plant redevelopment.

Athenahealth is set to occupy a 110,000-square-foot facility at Seaholm and make a total capital investment of $13 million in Austin. The lease for the space is expected to be signed soon, a spokeswoman for the company said.

In a statement within a Greater Austin Chamber of Commerce announcement Friday morning, Athenahealth Chairman and CEO Jonathan Bush said his company is expanding across the country, and he's excited to tap into Austin's "dynamic talent pool" and "make Austin a hub for the important work we do to advance connectivity in health care."




Split Council passes economic incentive deal for Athenahealth
Austin Monitor
http://www.infactdaily.com
by Chris Thomas January 31, 2014

City Council members approved on a 5-2 vote an incentives package aimed at bringing Massachusetts- based Athenahealth to the city.

... In the deal, Athenahealth will get almost $5 million in concessions over a 10-year period. In return, it will create 607 jobs that will pay an average of $132,000 a year.

For his part, Mayor Lee Leffingwell continued his robust support of economic incentive agreements. "This may come across as corny but we've powered this jet to 35,000 feet and if we cut off the engines now, we're not going to stay there."




Austin approves incentives for Athenahealth
Austin American-Statesman
http://www.mystatesman.com/news/news/austin-approves-incentives-for-athenahealthcompany/nc7z3/?icmp=statesman_internallink_textlink_apr2013_statesmanstubtomystatesman_launch
by Shonda Novak & Marty Toohey
January 30, 2014

Despite objections of some residents and two of its members, the Austin City Council approved $679,500 in incentives Thursday to entice Massachusetts-based Athenahealth Inc. to open a research-and-development office here.

A council majority decided that, ultimately, the amount of money the city was putting up over a 10-year period was trivial compared with the $5 million the state is offering to put up and the benefits the company would provide for the city.

"We offer a relatively token amount to leverage … that entire five million" that the state is offering, Mayor Lee Leffingwell said, noting the company could choose a neighboring city like Round Rock instead. "We have to rise to the occasion."

... In addition to the net $1.67 million benefit, landing the R&D facility at Seaholm would add about $200,000 in property tax revenue over 10 years that would help pay down debt service at former power plant site, which the city and a private developer currently are transforming into a mixed-use project that will feature condos, offices, restaurants and shops.

Athenahealth has told the city it expects to spend at least $13 million to renovate the space it is considering in the iconic 1950s-era power plant building.




January 29, 2014

seaholm neighborhood




An Icon is Engergized
Austin Business Journal
http://www.bizjournals.com/austin/print-edition/2014/01/24/cover-story-on-the-verge-of-a.html
By Colin Pope
January 24, 2014

austin business journal graphic 1/24/14

During the past two-and-a-half months the project has found its footing, after having previously scored one of the most desirable retail tenants: Trader Joe's, whose 11,500-square-foot store will eat up about one-fourth of the retail space planned.

... "We're excited about the prospect of having Athenahealth select Austin and the Seaholm Power Plant for its expansion and hope the City Council acts favorably towards the incentive request,: Rosato said in a statement after Gov. Rick Perry's office was the first to unveil the news.




How Athenahealth built up a medical software empire
Austin Business Journal
http://www.bizjournals.com/austin/print-edition/2014/01/24/how-athenahealth-built-up-a-medical.html
By Chad Swiatecki
January 24, 2014

When you first see the name Athenahealth, you might not realize the Watertown, Mass., company is really more of a software development firm than a health care provider, albeit one focused solely on the medical industry.

But if the publicly traded company completes a deal to bring 607 employees into the former Seaholm Power Plant on Cesar Chavez Street, it may ultimately become one of the biggest players in the Austin tech scene.




Massachusetts health care company to bring 607 jobs, $13M investment to Austin
Austin Business Journal

http://www.bizjournals.com/austin/news/2014/01/15/healthcare-company-to-bring-600-jobs.html
By Robert Grattan
January 15, 2014

Athenahealth Inc. (Nasdaq: ATHN) has plans to bring 607 jobs and a multimillion dollar investment to Austin's downtown Seaholm power plant redevelopment.

... The Seaholm power plant redevelopment is a $130 million development on 8 acres at Cesar Chavez and San Antonio streets that includes 143,151 square feet of office space, 280 high-rise condos, 48,363 square feet of retail shops and restaurants and meeting space.

"We are excited about the prospect of having Athenahealth select Austin and the Seaholm Power Plant for its expansion, and hope the City Council acts favorably towards the incentive request," said John Rosato, a principal at Austin's Southwest Strategies Group, the project's developer, in a statement.




City, state proposing nearly $5.7 million in incentives to lure 600-plus tech jobs to Austin
Austin American-Statesman
http://www.statesman.com/news/business/city-state-proposing-nearly-57-million-in-incentiv/ncqFB/
by Shonda Novak
January 15, 2014

State and city officials have proposed more than $5.6 million in incentives to persuade a Massachusetts-based tech company to bring a research and development center — and more than 600 jobs — to downtown Austin.

The incentives would go to Athenahealth Inc., a fast-growing provider of cloud-based health information technology services, in exchange for the company locating its new facility at the site of the former Seaholm Power Plant building on West Cesar Chavez Street and creating 607 new full-time jobs in Austin by the end of 2023.

... "We're pleased that Athenahealth is considering an expansion in the Seaholm District," said Kevin Johns, director of the city's Economic Development Department, noting that the company "would serve as a great return on investment" at Seaholm, which is being transformed into a mixed-use project.

Jonathan Bush, Athenahealth's chairman and CEO, said the company was "thrilled at the prospect of growing our presence in Austin, a city with a culture and vibe that perfectly aligns with our own."

"Athenahealth is growing all across the country as we work to fulfill our vision of becoming a national information backbone to make health care work as it should," Bush said in a written statement. "Austin offers a strong talent pool to aid in the important work we do at Athenahealth to advance connectivity in health care."

If the company were to expand at Seaholm, it would be a boon for the $100 million redevelopment of the 7.8-acre site on West Cesar Chavez Street, which is being transformed into a mix of housing, offices, restaurants and retailers, including downtown's first Trader Joe's grocery store. The redevelopment is expected add millions of dollars to the city's tax base over coming decades.

The City Council in 2005 selected a team led by John Rosato of Austin-based Southwest Strategies Group to partner with the city in transforming the Seaholm site.

"We are excited about the prospect of having Athenahealth select Austin and the Seaholm Power Plant for its expansion, and hope the City Council acts favorably towards the incentive request," Rosato said. "We also greatly appreciate the governor's Enterprise Fund grant offer, which is contingent on the local incentive."