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Property Description

Jones Lang LaSalle (“JLL”) has been exclusively retained to offer qualified investors the opportunity to ground lease 6th & Lavaca (the “Property”, or “Site”), a 0.34-acre downtown development Site located on the southwest corner of the West 6th Street and Lavaca Street intersection in Austin, Texas. The Site features favorable zoning characteristics for residential, hospitality, or mixed-use development that is unhindered by the Capitol View Corridor. Centrally positioned in Austin’s downtown, 6th & Lavaca is proximate and walkable to downtown’s famous Congress Avenue, West 6th Street District and 2nd Street District, which provide a plethora of high-end eateries, bars, and shopping in addition to live music venues within a short walking distance of the Property. The Site offers potential investors the exceptional opportunity to acquire a development Site with a central downtown location in one of the most sought-after markets in the nation.

Investment Highlights

PROMINENT DEVELOPMENT SITE LOCATED IN THE HEART OF DOWNTOWN

• An approximate 0.34-acre site ideally zoned CBD for vertical mixed-use development and advantageously

positioned in the center of Austin’s downtown with favorable walk times to all of downtown

• Downtown Austin’s Downtown Density Bonus program allows up to 25:1 Floor to Area Ratio (FAR) and has

been utilized by many developments downtown to achieve greater density under city code

• The Property’s current improvements are leased to two well-performing users, a restaurant/bar and an event

venue. The leases include developer friendly termination rights, offering potential investors the ability to cash

flow the Site while working through the design and development process

BEST-IN-CLASS DOWNTOWN ADDRESS

• 6th & Lavaca is located in the nexus of Austin’s Central Business District with an unparalleled walk score of 99

out of 100, reflecting the location’s deep surrounding amenity base and connectivity

• Positioned along Austin’s world-famous West 6th Street and just two blocks west of Congress Avenue,

the Site is in the heart of the Central Business District with direct access to one of Austin’s most prominent

entertainment corridors in West 6th Street and is surrounded by major tech employers in Facebook, Google,

Indeed, and Box, among others

• The Site features immediate north/south and east/west access via 5th/6th Street and Guadalupe/Lavaca

Streets, allowing convenient travel to Lamar Boulevard, Congress Avenue, IH-35, and MoPac Expressway

(Loop 1), which are the city’s two most traveled north/south highways

Last Updated Date: 22 Sep 2021
Garrett Gilleland
Garrett Gilleland
Senior Director, Capital Markets
License details
TX-641371
Doug Opalka
Doug Opalka
Senior Managing Director, Austin & San Antonio Office Co-Head
License details
TX-493181

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Last Updated Date: 22 Sep 2021

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