A master plan for developing an 11-acre East Austin plot around a MetroRail line and its Plaza Saltillo station was approved Tuesday night, according to the Austin Business Journal.
Almost two years after awarding Endeavor Real Estate Group and Dallas-based Columbus Realty Partners a contract for the mixed-used, transit-oriented development, the Journal reported, the Capital Metropolitan Transportation Authority board gave the thumbs-up to a master development agreement for the area, which runs along the rail line between East Fourth and Fifth streets six blocks east from I-35.
The final plan includes two that the Workers Defense Project urged CapMetro to adopt, the Journal added. The living wage for construction workers will be $13.03 per hour rather than the originally proposed $11.39 per hour. In addition, there will be an onsite third-party monitor for the project; Capital Metro will participate in the selection of that monitor.
According to Community Impact Newspaper, the workers project advocated at the board's March 17 that it adopt Better Builder standards for the Plaza Saltillo project. The board adopted two of the five standards.
Site plans and renderings by Michael Hsu Office of Architecture were also unveiled at the March 17 meeting. Those plans include 800 apartments, 120,000 square feet of office space, and 110,000 square foot of retail space, as well as a 1.8-acre park, walkways, and bicycle paths, Community Impact reported.
According to the Monitor, 15% of the project's apartments will be reserved for low-income units. Design plans need to be finalized, the magazine added, but construction should start by 2017.
• CapMetro board approves Plaza Saltillo plan with Endeavor [Austin Business Journal]
• Capital Metro to approve Plaza Saltillo contract with Endeavor on March 21 [Community Impact]
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