City OKs Seaholm Redevelopment Revisions
By Carlos Morales, KUT News
The Austin City Council approved some major changes today to how the Seaholm Power Plant will be redevleoped.
The biggest change involves allowing the developer, Seaholm Power, to build office space. That was prohibited under the 2008 master development agreement.
“The idea that we’re bringing this building back to life and that it’s going to be available for other uses,” said John Rosato, Seaholm Power’s managing partner. “Those uses now may be office, 20 years from now it may be a retail mall, it might be a large civic use, or maybe the children’s museum will expand and come back to downtown.”
The council also voted to allow apartments in place of condominiums. The apartment occupancy rate in Austin is sky-high, above 95 percent. So the group will now build more than 300 rental units. Five percent of those will be reserved as affordable housing for at least 25 years.
Construction is slated to begin in late July.