50¶È»ÒÊÓƵ-based Lawrence Group made its first announcement this week of several tenants in the $187 million City Foundry development's first phase.
In addition to Alamo Drafthouse, a 10-screen Austin-based movie chain, the Lawrence Group said Fassler Hall planned a beer hall with rooftop beer garden. It also announced a Denver-based Punch Bowl Social gaming and dining venue.Â
Lawrence Group CEO Steve Smith said remediation of the former Century Electric industrial site last operated by Federal Mogul is complete and construction should start by late spring or early summer. 50¶È»ÒÊÓƵ-based S.M. Wilson is the general contractor and much of the work has already been bid, Smith said.Â
"We've got our construction teams ready to go," he said.Â
He expects to finalize leases with retail and office tenants soon, which should trigger a closing on the development's financing package. Lawrence Group is working with CIBC Bank as the lead construction lender.Â
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The entertainment venues announced this week, along with future retail and office tenants, will each take up about a third of the space in City Foundry's 334,000 square-foot first phase, Smith said, which should be complete around mid 2019.Â
The food hall, which will occupy the main factory building on the site and feature local chefs, has nearly half of its 20 spaces spoken for, Smith said.Â
Among those planning to take a stall in the City Foundry food hall, according to Smith: Britt and Kevin Pellegrino, both formerly of Olive & Oak, plan a Filipino concept; Matt Borchardt of Edibles and Essentials plans a taco eatery; Jason and Maria Sparks of Layla plan a Middle Eastern concept; Brendan Marsden of Whitebox Eatery wants to open a salad and health food stall; Natalie DuBose of Natalie's Cakes and More wants to open a bakery; Tamara Keefe of Clementine's Naughty and Nice Creamery wants to offer ice cream at the food hall; and Michael Friedman, who recently left Retreat Gastropub, plans a juice concept as well as another food stall.