For Lease: High-Rise Development Site

1710 Colorado St is an undeveloped, surface parking lot that has been owned by the Austin Scottish Rite Theater for over 100 years.​ The Theater has hosted numerous community events and children's plays throughout this time, and they desire to stay in their existing building, adjacent to the parking lot, indefinitely.​ Their interest is in ground-leasing the parking lot to endow their organization with a long-term revenue stream to further their ability to live out their mission to serve the greater community through high quality performing arts, educational programs, and events.​

Ideally located in Downtown Austin, TX, situated between the State Capitol Building and the University of Texas, 1710 Colorado St presents a prime development site directly adjacent to the Scottish Rite Theater and the State of Texas $600MM Capitol Complex Project that is currently underway.​ The property's location, size and development entitlements combined with current commercial real estate market conditions, make this property well-situated for a high-rise residential or commercial development.​

The property is located within the Downtown Density Bonus Program which allows for up to 15:1 Floor Area Ratio, allowing for up to approximately ~300,000 square feet of buildable area.​