Austin’s late-night dining scene isn’t like it used to be.In the post-pandemic world Usual Suspects Ken’s Donuts pushes daisies and 24Diners resemble 16Diners, just as Kerbey Lane and Magnolia Cafe release their shutters firmly at 10pm. Recently, options that have passed the closing time are no longer local. So the problem is someone like IHOP or Denny’s. (Visit the nearby IHOP Rainy Street When the bar closes on the weekends, everyone in the building gets paid at least $ 100 an hour and has the impression that it’s worth issuing a stun gun. )
Anyway, if you’re a fan of Denny’s, sit down with this next item. A fairly unknown location near downtown, next to the DoubleTree Hotel on the corner of East 16th Street and I-35 Frontage Road. The East MLK Jr. Boulevard intersection will soon be redeveloped 18 stories Condominium tower. Recent city permit activities indicate that a rezoning proceeding is currently pending on 1.28 acres of land. 1601 North I-35, With the current limit of 170 units per acre or less, we are seeking a planned development agreement that will allow for higher density housing use.
A permit document describing a project that uses the interesting placeholder name “Denny’s Condos” 250 units Condominium under construction by a real estate company Ledge Stone Development Group, This is already St. Elmo Station South Austin Community — You can see some fashionable renderings of its development below:
The tower contains 178 1-bedroom and 72 2-bedroom dwellings, with 10% of the total units designated as income limits, for a total of 25 affordable units, 18 1-bedrooms and 7 2-beds. Provides a room. We don’t know where the local real estate market will go by the time the building is completed, but these rezoning documents show that the estimated selling price of the homes in the building is $ 400,000 to $ 750,000 and the floor plan is 550 to 1,100 square feet. The range of feet.
You may not be overwhelmed by the prospect of living right next to the freeway, but we are bullish on this kind of project for several reasons.Building success like Tindal When Avenir It shows that there is demand for these communities. In particular, it’s outside downtown, but literally a few seconds away, right next to the community, which can significantly reduce unit prices compared to downtown’s new tower projects.
In the long run, there are many possibilities “Caps and stitches” Changes to the I-35 over the next few decades will improve the pedestrian environment around these areas. Innovation district With the new Moody Center across the freeway from Denny’s site, the MLK Jr. Boulevard highway intersection is at least “stitched” and someday significantly upgraded, even if it’s not fully capped. I’m sure.
Austin’s vision for the future is that the infill project on this side of the highway will eventually connect meaningfully with the rest of downtown and probably not completely erased, but at least East Austin and the central city—and Projects like this make it easier to imagine the future by replacing chain restaurants and parking lots with densely populated homes. Anyway, if you think of yourself as a Denny’s enthusiast, get that Grand Slam as much as you can.