AUSTIN (Talk1370.com) -- A "historic" redevelopment project is poised to bring new workforce housing to downtown Austin.
Texas Land Commissioner Dawn Buckingham and Austin Mayor Kirk Watson announced plans for revitalizing 333 Guadalupe - the property where the William P. Hobby Jr. state office building complex now sits.
"I am pleased to present qualified investors and developers with a unique opportunity to collaborate with the GLO on the historic redevelopment of the Hobby Building into workforce housing for Austin families,” said Buckingham. “Anytime the state can come together with the City of Austin and work collaboratively for the benefit of its residents, we all win. This project will seek to serve those who provide critical services to the community, including our hardworking teachers, steadfast police officers, valiant firefighters, dedicated government workers and many crucial healthcare providers."
The project, according to Buckingham, is aimed at providing workforce level housing - aimed at teachers, nurses, police, firefighters, state workers, and other working-class residents. Plans are also expected to include other amenities, including child care, parking, and retail space.
The three building complex, constructed in the early 1980s, was purchased by the state in 1990. Over the years, the buildings have fallen into disrepair, and with estimated repair costs of more than $50 million, the state offices that once called it home have relocated to newer digs.
“By including and focusing on workforce housing as a part of this redevelopment process, Commissioner Buckingham is choosing to make affordability front and center in this project,” said Watson. “She is challenging the respondents to be creative and explore different approaches and partnerships to help address affordability in our city.”
Watson added the property sits along Project Connect's planned light rail route, adding increased connectivity and mobility for residents.
Prospective developers will have 90 days from today to submit responses, after which the GLO will review and recommend a proposal to move forward. The state's School Land Board will have the final say.