Austinite MLB pitcher takes over downtown development project

May 15, 2014
Austin Business Journal

Major League Baseball pitcher Huston Street and his mother Janie Street have purchased a high-profile and somewhat controversial development site just south of Lady Bird Lake in downtown Austin


Street’s newly-formed company DukesStreet is proceeding with the development of the Taco Cabana parcel at South Lamar and Riverside Drive into a mid-rise multifamily project


Huston Street grew up in Austin and played baseball for Westlake High School and the University of Texas before being drafted by the Oakland Athletics. He now plays for the San Diego Padres but calls Austin home


The Streets closed on the site in February through an entity named 16 Piggybank Ltd., paying an undisclosed price. The Travis Central Appraisal District shows the property valued at $5,482,544


Street said he’s planning ahead for his life after baseball and wants it to include real estate investment and development in his hometown


Street’s family has been long time friends of attorney Steve Drenner, who pursued the controversial land entitlement process for Post Investment Group of Los Angeles. Street said Drenner approached him about purchasing the land and taking on the project


The Austin City Council approved the project dubbed 211 South Lamar last October after Post sought a height increase to 96 feet. Many neighbors testified against the development, decrying the height and density, but council approved the zoning changes by a 5-2 vote


Street said Bury, the project’s engineering consultant, continues to work through the city review process. Construction probably won’t begin until early 2015, he said


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