opportunity


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A new creative office, retail, + 1920's house turning restaurant concept for  East Austin’s creative district now for lease.

1141 Shady Lane offers a unique opportunity to invest in creative office space, retail space and restaurant space in the exciting, rapidly evolving neighborhood of East Austin. This vibrant community is now Austin’s foremost destination for entrepreneurs, restaurateurs, artisans and the creative class.

This historically diverse and vibrant community is now Austin’s foremost arts district, where studios, galleries, bars, cafes, and food trucks abound. A playful mash-up of old-school Austin institutions and brand new local startups add to the undeniably unique character, providing a relaxed and colorful counterpoint to the bland and sterile central business district. 

The property is part of the thinkEAST master planned creative community, offering live/work, creative office space, and several hundred residential units under construction. Located midway between Austin Bergstrom International Airport and the Downtown Central Business District, and designated by Austin for increased density and infrastructure investment, the immediate vicinity is exploding with exciting new development.

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context


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The site is a 1.926 acre tract mixed-use opportunity at thinkEAST with 200’+ frontage on Shady Lane near Govalle Park in the heart of the creative hub of Central Austin. Zoned both LO and LR-MU with relaxed compatibility requirements, for up to 58,000 SF and three stories of building area.

The ImagineAustin comprehensive planning initiative has identified the immediate surrounding area as a “Neighborhood Center,” recognizing the area’s significance in the broader context of the Austin Metro area and it’s potential for immediate growth and development.  Conveniently located between ABIA and the central business district, with easy access to existing and planned major transportation corridors, the property is uniquely well-situated to take advantage of the best that Austin has to offer, present and future.

Planned public improvements include:

  • Austin Energy Community Solar Array: will offer low-cost renewable energy to neighborhood businesses

  • CapMetro Green Line: A proposed commuter rail route from Downtown to Elgin, with a high-capacity stop located less than 1/4 mile from the property.

  • Airport Boulevard improvements: increased capacity, bike/pedestrian safety, and improved traffic flow.

  • “Rail Trail”: a paved bicycle-dedicated route along the Green Line rail, connecting the existing Walnut Creek Trail to Downtown.

  • Govalle Park Bond: $3.5m dedicated to park facility improvements, passed and now in the planning stages, with implementation expected in 2018.

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SUSTAINABILITY


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Site-responsive design

Preservation of trees & open space

Walkable community

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Photovoltaic power generation

High-performance envelope

Passive solar shading design

Austin Energy ‘Green Choice’ power

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Water conserving landscape & fixtures


Sustainably sourced materials

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Bike parking & connectivity


Public transit connectivity

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Electric vehicle charging stations