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Austin: City Enters ENA with Developer to Redevelop the Former HealthSouth Rehabilitation Hospital Campus

By District Energy posted 05-25-2021 13:00

  

Virtual Builders Exchange

Summary

The City of Austin announced this week the city’s entrance into an exclusive negotiating agreement (ENA) with Aspen Heights Partners to redevelop the former HealthSouth Rehabilitation Hospital campus.

The property is located on a 1.7-acre tract at 1215 Red River St. and 606 E. 12th St.  

The site’s existing structures include a vacant 88,944-square-foot and four-story building with an adjacent parking garage. This is to be removed in favor of a mixed-use residential-retail concept.

In February, VBX reported that the city had given the Austin Economic Development Department a list of directives for the master plan to specifically address the need for affordable housing for the service industry and low-income workers in the Central Business District.The development will also have a live music and art venue intended for prioritizing musicians and art venue operators who represent historically marginalized artists. 

The project will also have the potential opportunity for city office space, along with an Austin Energy district cooling plant facility.  

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