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A Dallas-based real estate firm is planning a major revamp of Austin's Sixth Street entertainment district, and one part of the plan is to boost the height of buildings in the area to 45-foot heights, the Austin American-Statesman reports.
"Sixth Street doesn't have a bar problem; it has a ratio problem," says Caitlyn Ryan, a senior VP for Stream Realty Partners, which has purchased more than 30 properties in the area over the past three years.
"Now it's just 90% bars and only 10% restaurants," she says.
"If we can even that out to add some more restaurants down there, and some more live music concepts, some more reasons for people to show up there on Monday through Friday or anywhere else during the day, that'll be what we consider successful."
Ryan says the company wants to reduce the concentration of single-serving bars in the area and to bring in more restaurants, live music venues, and arts spaces.
The city is considering a code amendment to lift the height limits on the properties Stream plans to redevelop, which would allow for more creative spaces on the ground floor.
The executive director of Austin's Red River Cultural District, which contains the district's greatest concentration of music venues,
Selected Grant News Headlines
A customized collection of grant news from foundations and the federal government from around the Web.
Google is teaming up with Rice University to create a Houston-area startup accelerator, the Houston Chronicle reports. The accelerator will focus on the "Internet of Things," with a particular...more
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Foundation: Boston Foundation, Cambridge Community Foundation
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"We are seeing positive, tangible outcomes for grant recipients working to boost their capacity and impact for programs and services that are vital to those in need." Those are the words of the...more
"Small businesses are the heart of our communities, and when we invest in their success, we're investing in a stronger economy and quality of life, benefiting people across the region." So says...more
Foundation: Lilly Endowment
An Indiana community foundation is getting a big boost from the Lilly Endowment thanks to a hefty donation from Eli Lilly and Co., the Indianapolis Star reports. The Community Foundation of Noble...more
Foundation: Cleveland Foundation, George Gund Foundation
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When it comes to affordable housing, Dallas has a problemand two former NFL players are working to fix it. Kwame Ellis and Khalid Shabazz, both of whom played for the Tennessee Titans, moved to...more
Community Building News from...
Wells Fargo Foundation
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Social Entrepreneurship
Spotlight
Hugh Jackman: Fair Trade Entrepreneur
Renowned actor, Hugh Jackman, talks about how he started becoming a fair trade entrepreneur. Jackman is constantly building up ideas and solutions to help small coffee growers get good prices outside the massive coffee industry. His business, Laughing Man Worldwide, reinvests 100% of its profits in its partnerships with farmers.
