Stream Realty Partners owns 40 properties along Sixth Street between Brazos Street and I-35. By assembling the parcels into just a few, Stream has a lot to say about what’s going to get built in the edgy neighborhood.
The Austin Business Journal reports that last week’s vote by Austin City Council to allow taller buildings on a portion of Sixth Street advanced the vision of Stream to transform the nightlife hangout into more of a mixed-use district intended for round-the-clock use.
By raising the height restrictions, Streams options grow. On the 500 block, the developer aims to construct a 150- to 160-room hotel that is planned to rise more than 70 feet high, or more than five floors. On the 600 block, Stream plans to build a 122-foot-tall residential tower, which would likely be 10 or more floors. Neither project would have been allowed under the current zoning. Food and beverage purveyors would still be the driving force of the neighborhood.
Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.