1909 Grove Blvd Austin, TX
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Land approved for high-rise development with density bonus.
Type:LAND
Lot size:
1.65 Acres- Added:
- Dec 6, 2024
- Days on Market:
- 499
- Last Refresh:
- Apr 5 at 11:07 pm
Property Features for 1909 Grove Blvd
General Information
- Standard status
- Active
- Lot size
- 1.65 Acres
- Property subtype
- LAND
Listing agent Steve Madura
Listing office Hilco Real Estate - Corporate (847) 714-1288
Listing date Dec 6, 2024
Source Moodyscre
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Hilco Real Estate - Corporate
Overview
East Riverside Development Opportunity
This property represents the second phase, or Unit B, of the Cambrian East Riverside Development. Phase 1, or Unit A, consists of a 64-unit, multifamily affordable housing development completed in 2019. The affordable units delivered as part of Phase 1 unlocked the East Riverside Corridor (ERC) density bonus for Phase 2, allowing for a maximum building height of 120' and a density bonus up to 225 units. Plans for Unit B provide a mix of studio (108), one-bedroom (72) and two-bedroom (45) units offering views of downtown Austin. The site is situated to take advantage of Austin's recreation, travel, entertainment, and employment opportunities. The property is located within the ERC Corridor and has convenient access to TX-71, Hwy. 183, TX-130, I-35, and the greater metro area. It is a highly visible corner lot along E. Riverside Drive, which sees 30,000 vehicles per day. The location is minutes from Oracle’s headquarters, Lady Bird Lake, and the Austin Public Library. The area has strong demographics, with 1.2% annual population growth and an average income of $86,000 within a 3-mile radius.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Commercial land
Location Insight
- Map
- Local Demand
- City
- Austin
- County
- Hays
- State
- Texas
- Longitude
- -97.7061
- Latitude
- 30.2286
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FAQs
What type of property is this?
Land - Land approved for high-rise development with density bonus.
Where is this land located?
The property is located at 1909 Grove Blvd Austin, TX.
What are key features of this property?
This property features: Approved for a **120’ high‑rise building** with density bonus allowing up to **225 units**.; Located within the East Riverside Corridor (ERC).; **Highly visible corner lot** along E. Riverside Drive with 30,000 vehicles per day (VPD).
