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Since East Avenue’s inception in mid-2006, this groundbreaking
project has garnered a great deal of public interest and coverage by media
outlets. Thanks to its highly-visible location in the heart of Austin’s
urban core and unique land plan, we anticipate moment and attention will
only increase as East Avenue progresses.
Below you will find links to our press releases as well as recaps of
coverage from media outlets near
and far. We’ve also provided answers
to many frequently asked questions. If you are a member of the
media seeking more information, please email
(news@eastave.net).
Press Releases
Texas Monthly to be Lead Tenant in East Avenue. (PDF)
Nationally-acclaimed magazine to take top floor in new office building
April 30, 2008
AMLI Residential to Build Apartments in Eiast Ave. (PDF)
315-unit community will feature 45,000 square feet of ground floor retail. Treaty Oak Bank also selected to be part of project
October 17, 2007
Hyatt’s New Andaz? Brand to Open in Austin’s
East Ave. Development. (PDF)
Luxury, green-friendly hotel will be first Andaz concept in the Southern
U.S.
September 27, 2007
East Ave. Construction to Begin with Two Class
A Office Buildings. (PDF)
Construction on 320,000 sq. ft. Slated to Begin Late 2007, Ready Early
2009
August 10, 2007
East Avenue Holds Kick-Off, Web Site Debut Event. (PDF)
New renderings unveiling vision for site debut at family-friendly event
June 5, 2007
Media Coverage
“Plans, price grow
for Concordia site”
Outlet: Austin American-Statesman
Date: June 8, 2007
Intro: The vision is now complete for East Avenue, a major mixed-use project
that has become bigger and more costly than initial estimates.
Plans call for 1,450 condominiums and apartments, 600,000 square feet
of office space, 325,000 square feet of retail and a soon-to-be-announced
250-room luxury five-star hotel, said Andy Sarwal, head of East Avenue
Investment Group LP.
“AMLI to build
complex at Concordia site”
Outlet: Austin American-Statesman
Date: October 17, 2007
Intro: The developer of a $750 million project planned for the former
Concordia University campus in Austin has tapped AMLI Residential to build
a 315-unit apartment complex on the site, which is destined to be one
of the city's tallest, densest developments outside of downtown.
“AMLI to build
at East Avenue”
Outlet: Austin Business Journal
Date: October 17, 2007
Intro: AMLI Residential will build a 315-unit apartment building at East
Avenue - the urban community going up at the former Concordia University
campus. The 64-foot high apartment building will rise near the northwest
corner of the 23-acre, mixed-use development. The apartment units will
top 45,000 square feet of ground floor retail.
“East Avenue forges
ahead, plan represents largest
Central Austin office project in three years”
Outlet: Austin Business Journal
Date: August 10, 2007
Intro: For more than a year, Andy Sarwal has promised Austin a massive,
mixed-use development in its central core with a level of density and
drawing power uncommon outside of downtown.
Now that Sarwal's East Avenue Investment Group LP has cleared the major
hurdles - from securing the 22 acres that comprise the former Concordia
University campus to getting the zoning changed - the plan for the $750
million redevelopment is pushing forward, starting with a pair of office
and retail buildings totaling 320,000 square feet.
“Aquila to market
office space in East Avenue development”
Outlet: Austin American-Statesman
Date: September 29, 2007
Intro: Aquila Commercial LLC will handle leasing of office space planned
for the East Avenue project, a mixed-use development that will be built
on the former Concordia University campus in Central Austin.
“Upscale Hyatt
planned at Concordia site”
Outlet: Austin American-Statesman
Date: September 27, 2007
Intro: The transformation of the Concordia University campus into a $750
million major mixed-use development will include a high-end, 17-story
hotel and condominium project featuring a new upscale concept from Global
Hyatt Corp. Global Hyatt and developer East Avenue Investment Group LP, which is leading
the team behind the 2.75 million-square-foot redevelopment, will announce
today a 210-room luxury Andaz hotel. The concept for Andaz hotels was
unveiled this year, with the first one opening in London next month and
two more in Manhattan in 2009.
“Austin’s
getting another Hyatt property”
Outlet: Austin Business Journal
Date: September 27, 2007
Intro: Global Hyatt Corp. says it will open a 210-room luxury Andaz property
in 2010 in the emerging East Avenue development. The hotel project is
a joint venture between the community's developer East Avenue Investment
Group LP and the hotel giant.
“Developers break
ground on new hotel in Central Austin”
Outlet: KVUE (ABC affiliate)
Date: September 27, 2007
Intro: Groundbreaking is set early next year for a new, luxury hotel on
the site of the old Concordia University campus in Central Austin.
“New hotel planned
for old Concordia site”
Outlet: KEYE (CBS affiliate)
Date: September 27, 2007
Intro: Global Hyatt Corporate and East Avenue Investment Group LP announced
plans on Thursday to develop the former Concordia site.
“Hyatt presents
hotel plans for the former Concordia campus”
Outlet: KXAN (NBC affiliate)
Date: September 27, 2007
Intro: The former Concordia University campus in the center of Austin
could soon become the site of a luxury hotel.
“210-room Andaz
to anchor East Avenue”
Outlet: Globe St.
Date: September 27, 2007
Intro: Plans for the 23-acre East Avenue Development have been firmed
up, with construction on a 210-room Hyatt-brand hotel and 600,000 sf of
office space scheduled to begin in late 2008. It is expected to take three
years to build out the $750 million, 2.75-million-sf, mixed-use project.
“Hyatt to take
new brand to Austin with 210-room hotel at $750 million mixed-use project”
Outlet: Commercial Property News
Date: September 27, 2007
Intro: Global Hyatt Corp.'s new boutique-style hotel brand, Andaz, will
make its debut in Austin--and the Southern United States--at the nearly
3 million-square-foot East Avenue mixed-use project being developed by
the East Avenue Investment Group L.P. The 210-room luxury hotel will be
the only lodging property at the $750 million development.
"Texas Monthly will inhabit East Avenue project"
Outlet: Austin Business Journal
Date: May 1, 2008
Intro: Texas Monthly is the first tenant to sign up for space in an eight-story building slated to rise at East Avenue.
"Texas Monthly set to circulate to East Avenue office building"
Outlet: Austin American-Statesman
Date: April 30, 2008
Intro: Texas Monthly magazine will be the marquee tenant in the first office building set to rise at East Avenue, a $750 million project that will turn the former Concordia University campus into a village with residences, offices, shops and a hotel.
"$750M MXD East Avenue wins first office tenant"
Outlet: Globe St.
Date: April 30, 2008
Intro: Construction has begun on the 176,000-sf office component of the $750-million East Avenue. With 55% of the class A office space under negotiation, the first to sign is Texas Monthly, a statewide magazine.
"Concordia's entire campus moves across Austin" (PDF)
Outlet: KXAN.com
Date: June 18, 2008
Intro: An unusual move is underway in Austin this summer. Even though school is out for the summer, Concordia University's brand-new campus was buzzing with activity Tuesday. Since 1926, Concordia has called the 23 acres nestled downtown alongside Interstate 35 its home. Now the school is trading in the sounds of trucks, sirens and air horns for birds, breezes and creeks on nearly 400 acres of land on the Balcones Canyonland Preserve in Northwest Austin.
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