bouldin creek COMMON S -...

C O M M O N Sbouldin creek

Urban Creative Development Opportunity

Bouldin Creek Commons provides a rare opportunity to purchase a large infill tract of land with the necessary zoning, and with a site development permit approval scheduled by the end of 2017 – which reduces overall risk and will considerably speed the development timeline from purchase to final completion. The proposed project includes numerous decks overlooking a park-like setting in West Bouldin Creek, and with downtown views from upper floors in a truly walkable urban location. The site is in the heart of close-in South Austin “78704” which is one of the most desirable live/work/play districts within central Austin and home to a large population of Austin’s creative class workforce. The offering includes an existing mix of asset categories. There are several rent houses and a retail building to help with short term holding costs prior to development. In addition, there is a high-profile South Lamar restaurant (Lucy’s On the Fly) designed by Michael Hsu which shall remain as a part of the larger long-term redevelopment of the project.

The site plan has been vetted by a team of professionals that have exceptional qualifications including the Michael Hsu office of Architecture for site programming and concept design, KBGE Engineering for civil engineering and entitlements, and legal representation for land planning and zoning by Metcalfe Wolff Stuart & Williams. The property has an approved Traffic Impact Analysis (“TIA”) completed by HDR Engineering, and a Phase I Environmental by Austin EnviroSolutions recommending no further actions required. The Service Extension Requests (“SER”) are approved and no off-site utility construction is required based on the current site development permit application. The project has been endorsed by the surrounding neighborhood association. Detailed due diligence information is available to a prospect with the execution of a confidentiality agreement. P

ro

per

ty

In

fo

rm

atio

n

130

360

INTERSTATE

35

INTERSTATE

35 AUSTIN-BERGSTROMINTERNATIONAL

AIRPORT

LAKE TRAVIS

BARTON CREEKGREENBELT

ZILKER PARK

AUSTIN CBD

EMMA LONGMETROPOLITAN

PARK

THE UNIVERSITYOF TEXAS

Jollyville

Round RockCedar Park

Pflugerville

South Congress

Rollingwood

West LakeHills

Lost Creek

Barton Creek

Bee Cave

Sunset Valley

Wells Branch

Hutto

130

360

INTERSTATE

35

INTERSTATE


AIRPORT

LAKE TRAVIS


ZILKER PARK

AUSTIN CBD


PARK


Jollyville


Pflugerville

South Congress

Rollingwood

West LakeHills

Lost Creek

Barton Creek

Bee Cave

Sunset Valley

Wells Branch

Hutto

130

360

INTERSTATE

35

INTERSTATE


AIRPORT

LAKE TRAVIS


ZILKER PARK

AUSTIN CBD


PARK


Jollyville


Pflugerville

South Congress

Rollingwood

West LakeHills

Lost Creek

Barton Creek

Bee Cave

Sunset Valley

Wells Branch

Hutto

3mile

5mile

1mile

TOTALPOPULATION

189,532

264,469DAYTIME

POPULATION

95.9%EMPLOYED

POPULATION

12,161TOTAL

BUSINESSES

3-m

ile d

em

og

ra

ph

ics

flo

od

pla

in

Pr

oper

ty

In

fo

rm

atio

n

SITE DEVELOPMENT Site Development Permit application was submitted in November of 2016 and anticipated completion by year-end 2017. It provides for 149,209 square foot of total commercial building development, which consists of 140,988 square feet of total interior conditioned space and 8,133 square feet of outdoor decking. In addition there is a 107,750 square foot parking garage with 417 total spaces. Parking includes 378 in the structured garage and 39 surface spaces. The property will be developed under a Unified Development Agreement. The Site Development Permit does allow for some potential project phasing.

LAND AREA Total of approximately 3.13 acres net of flood plain in five legal lots.

ZONING CS-MU-V and CS-MU

CURRENT INCOME Existing gross rental income in excess of $304,000 per year from established tenants to assist with near term holding costs.

PRICING Please contact Eric DeJernett or Michael Bullard

PROPERTY WEBSITE www.bouldincreekcommons.com (drone footage available on website)

APPROVALS

SIT

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AYO

UT

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LEVEL

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7

1 office

5 lobby

3 retail

2 locker room/gym

6 office deck

7 GARAGE

8 MECHANICAL

4 restaurant

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LEVEL

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78

OLTO

RF

S LAMAR

1. Hanover S. Lamar2. Lamar Union 3. Gibson Flats

4. Post South Lamar 5. Chimney Park6. Barton’s Mill

7. Cielo South Lamar 8. Tambaleo Apts9. Oak Creek Village

Apartments

walkingAmenities

Restaurants1. Uchi2. Vox Table3. Shake Shack4. Lick Honest Ice Cream5. Alamo Drafthouse6. Maudie’s Too7. Ramen Tatsu-Ya8. Odd Duck9. Backbeat10. It’s Italia11. VertsKebap12. Barlata Tapas Bar13. Starbucks14. Chi’lantro15. Picnik16. Snooze17. Austin’s Pizza18. Corner Bar19. Lucy’s20. El Meson21. 360 Pizza22. Opa Coffee & Wine23. Black Sheep Lodge24. East Side King25. Chipotle26. Patika Wine & Coffee27. Mr. Natural28. Maria’s Taco Xpress29. Matt’s El Rancho

30. Sonic Drive-In31. Gourdough’s32. Soup Peddler33. Thundercloud Subs34. Papalote Taco House35. Phoenicia Deli36. Wholly Cow Burgers37. Amy’s/Phil’s Ice House38. Baker Street Pub39. Kerbey Lane Cafe40. Torchy’s Taco’s41. Austin Beer Garden42. Toss Pizzeria43. Torchy’s Tacos44. Habanero45. Winebelly46. Starbucks47. El Tacorrido48. Once Over Coffee Bar49. Polvo’s50. Bouldin Creek Cafe51. Alcomar52. Fresa’s53. Gourdoughs54. Elizabeth Street Café55. Snarf’s Sandwiches56. Sway57. Torchy’s Tacos58. El Mercado

1

290

Oltorf Dr

W Annie St

S. 5

th S

t

E Live Oak St

Barton Springs Rd

S. Lamar Blvd

Sou

th 1s

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S. C

ongr

ess

Ave.

1mile

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4

1211

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13

89

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57

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5150

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25

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15 1416

109

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Manch

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Rd

3635

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4039

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Barto

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21

31

2725 24

29

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2322

28306

333234

Del

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C O M M O N Sbouldin creek

© 2017 CBRE, Inc. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only

and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your specific needs.

contact:

Eric DeJernett, CCIM Senior Vice Presidentt: +1 512 485 5504e: [email protected]

Michael Bullard Senior Associatet: +1 512 499 4958e: [email protected]

CBRE Austin 500 W 2nd St, Ste 1700Austin, TX 78701t: +1 512 499 4999 www.cbre.com/ucr

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