Travis County scores $430 million deal on 308 Guadalupe St. development

Travis County will partner with Lincoln Property Company and Phoenix Property Company on a 99-year lease following a July 11 announcement.

Travis County will partner with Lincoln Property Company and Phoenix Property Company on a 99-year lease following a July 11 announcement.

Travis County closed on a $430 million deal Tuesday with Lincoln Property Company and Phoenix Property Company to develop a 77,215-square-foot downtown property once eyed for a future Travis County courthouse.

According to a county news release, the agreement will yield nearly $430 million in lease payments for the county over the next 99 years. These funds will help contribute to the cost of a new civil and family courts complex for the county, a project originally proposed in the November 2015 bond that was not approved by voters.

The county purchased the $22 million property at 308 Guadalupe St., Austin, from the Austin Art Museum in 2010, the release states. The development takes up the entire block, and the site is currently being used as a parking lot.

“We listened to the community when they told us that this Ddwntown block was an asset that should be available for private development,” County Judge Sarah Eckhardt stated in the release. “By establishing a smart, competitive procurement process, we are unlocking the potential of this block to contribute hundreds of millions of dollars in revenue to Travis County and its taxpayers that we can use to meet our ongoing urgent needs for new civil and family courts capacity.”

The Lincoln Phoenix team submitted the winning proposals in a bidding process that began in September 2016, after voters failed to approve bond financing for the court complex in the November 2015 election. The Lincoln Phoenix team propose to construct a vertical, mixed-use development.

Through the lease agreement, the development will put the property back on the tax rolls, creating long-term revenue for the county, city, Austin ISD, Austin Community College, and Central Health, according to the release.

The agreement also includes construction worker protection standards consistent with the City of Austin’s Better Builder Program; requires 10 percent of all housing on site to be affordable to low- to moderate-income residents, based on the city’s Density Bonus Program and entails a donation to the Austin Parks Foundation to support the ongoing restoration of Republic Square, just north of the development.


Delia Garza speaks to her constituents at a town hall meeting in 2017.
Austin Mayor Pro Tem Delia Garza says she will not seek re-election as Travis County attorney rumors heat up

Austin's mayor pro tem will not seek reelection to her Southeast Austin district seat in 2020.

Deece Eckstein at the Nov. 12 Travis County Commissioners Court meeting
Travis County intergovernmental relations officer announces retirement, triggers "aggressive" hiring schedule

Deece Eckstein, Travis County's inaugural intergovernmental relations officer, will retire at the end of the year.

Austin City Council members answer questions at a town hall on homelessness
Austin no longer pursuing homeless shelter off Ben White with pivot to hotel purchase

Austin will no longer pursue the controversial purchase of a South Austin tract to use for a new homeless shelter.

Austin City Council will consider purchasing and renovating a motel property along I-35 in South Austin to provide shelter for the city's homeless individuals. (Christopher Neely/Community Impact Newspaper)
City may buy Rodeway Inn in South Austin, renovate property to house homeless

The city is considering adding $8 million to its fiscal year 2019-20 budget to accommodate the purchase.

A photo of a stretch of East Slaughter Lane with yellow delineators.
Austin Transportation Department installs safety upgrades to 500 block of East Slaughter Lane

The Austin Transportation Department closed the median break between 515 and 516 E. Slaughter Lane.

Cooper's Sandwiches now open in Southwest Austin

Cooper's Sandwiches has opened on Southwest Parkway.

Four-story office building added as construction begins on Plano’s Mustang Square mixed-use project

A new four-story office building will headline a major mixed-use development in Plano, developers announced Oct. 2 as crews began work on the Mustang Square project.

The ATX Helps coalition launched with a press conference on Nov. 7.
A $14 million campaign and 300-bed shelter: Austin’s private sector leads new coalition to address homelessness

A coaltiion of private sector, non-profit and faith-based groups has formed to address Austin's homelessness crisis.

Texas Gov. Greg Abbott
Gov. Greg Abbott announces plan for state-sanctioned homeless encampment off US 183 near Montopolis

John Wittman, Abbott's press secretary, said the land is as close to downtown as the state can provide.

Pease Elementary School
From Pease to boundaries, Austin ISD trustees discuss School Changes Version 2

Austin ISD trustees discussed closing of Pease, Metz, Brooke and Sims elementary schools, preserving district history and lessons learned from the School Changes process.

Dana DeBeauvoir at a press conference.
‘We cannot exist like this in a primary election': Travis County clerk says voter behavior, state law need to change ahead of 2020

Travis County's 2019 election results were not final until 3:40 a.m. the next morning due to a perfect storm of issues that the clerk said needs to be addressed before the 2020 election.

CommUnityCare sign
CommUnityCare purchases 5 Carousel Pediatrics locations in Central Texas

CommUnityCare Health Centers acquires Carousel Pediatrics

Back to top