First Look: 17-Story Hotel to Rise in Downtown Austin

The Austin Design Commission has unanimously recommended Turnbridge Equities’ proposed 17-story hotel at 617 Colorado Street for the Downtown Density Bonus Program, clearing a key hurdle for the project. The New York-based developer plans to transform a surface parking lot into a 344-room luxury hotel featuring public amenities like a rooftop deck, murals, and a workspace with day passes, free for local teachers. By increasing the site’s floor-to-area ratio from 8:1 to 13:1, the project will include streetscape improvements and align with the city’s Great Streets initiative. The hotel, which appears to be linked to the European luxury chain CitizenM, signals optimism for Austin’s hospitality rebound amid pandemic challenges.

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17-story hotel could rise in downtown Austin – Austin Business Journal