Funding type
This project involves public funds, public land, or is a Federally funded roadway project.
The Drop in Austin, TX
1608 S. Congress Ave., Austin, TX, 78704
The Drop is a renovation/alteration project at 1608 S. Congress Ave., Austin, in Travis County, TX, tracked from its Texas Department of Licensing and Regulation (TDLR) registration. Under construction, estimated completion Aug 2027. The project has an estimated value of $12.0M across about 2,230 sq ft.
- Estimated project value
- $12.0M
About this figure
Estimated construction cost supplied in the TDLR filing. This is not a current property appraisal or a final construction invoice.
- Reported floor area
- 2,230 ft²
About this figure
Square footage reported for this scope of work. It may cover only part of a larger property.
- Estimated cost / ft²
- $5.38K/sqft
About this figure
Calculated from this filing’s estimated cost divided by its reported square footage. Available only when both figures are supplied; it is not a market benchmark.
- Scheduled duration
- 10 months
About this figure
The interval between the filed start and completion dates. These dates describe the proposed schedule and do not measure actual construction progress.
The project record
Project timeline
Explore filed milestones and scheduled dates. Open a milestone for its source.
3 timeline dates shown.
Project registered · TDLR filing
Registration of the project with the Texas Department of Licensing and Regulation.
Source: TDLR filing
View source recordScheduled construction start · Scheduled date
A date supplied in the filing; this does not confirm that work started or finished.
53 days after the preceding date shown.
Source: TDLR filing
View source recordScheduled completion · Scheduled date
A date supplied in the filing; this does not confirm that work started or finished.
287 days after the preceding date shown.
Source: TDLR filing
View source record
📰About The Drop
The Drop is a 2,230 sq ft interior alteration project located at 1608 S. Congress Ave. in Austin, Texas. This renovation is registered with TDLR and is targeted for August 2027. The project involves significant interior changes to the existing structure, with an estimated cost of $12,000,000.
Good Holdings Office LLC is the owner of record for this development. Chioco Design serves as the design firm, bringing a portfolio of similar high-value renovations in Austin, including projects on 7th Street and in the Domain. Stacey L Brewer is the registered accessibility specialist ensuring compliance with state standards. The filing indicates the project involves public funds, public land, or is a Federally funded roadway project, which adds a layer of regulatory oversight to the construction process.
Construction Timeline and Scope
Construction is scheduled to begin in November 2026, following a registration date of September 2026. The planned build window spans approximately 287 days, which is longer than the county median of 98 days for similar renovation projects. This extended timeline suggests a complex scope of work that requires detailed planning and execution.
City of Austin permit records show six permits on file at this address, issued between November 2024 and August 2026. These include building, electrical, plumbing, and mechanical permits, indicating that preparatory work and initial modifications have already been documented. The most recent permit activity involves interior non-structural demolition and finish-out work for hotel suites, aligning with the project's interior alteration scope.
The estimated cost per square foot for The Drop is $5,381, which is significantly above the Travis County median of $103 per square foot for renovation and alteration projects. This high cost reflects the premium nature of the location on South Congress Avenue and the specialized design and construction requirements. The surrounding area, with a median household income of $97,160 and a median home value of $862,000, supports a market for high-end commercial and hospitality spaces.
Project Registered
Project has been registered with TDLR and is in pre-construction phase
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The Drop is a Renovation/Alteration project located at 1608 S. Congress Ave., Austin, TX 78704 in Austin, Texas. The project has an estimated value of $12.0M covering 2,230 sq ft. Good Holdings Office LLC is the property owner and Chioco Design is the design firm of record. The project was registered with TDLR on September 9, 2026.
Frequently Asked Questions
Is The Drop open to the public?
The project is under construction and targeted for August 2027. It is not open for business operations.
Who is the owner of The Drop?
Good Holdings Office LLC is the owner of record for this specific development project located in Travis County.
What is the estimated cost of the renovation?
The estimated cost for the interior alteration work is $12,000,000, which is above the county median for similar filings.
When will construction start?
Construction is scheduled to begin in November 2026, following the TDLR registration date of September 2026.
Who is the design firm?
Chioco Design is the design firm of record for this project, which is part of their portfolio of Austin renovations.
What is The Drop?
The Drop is a renovation/alteration project at 1608 S. Congress Ave. in Austin, Texas, registered with the Texas Department of Licensing and Regulation (TDLR). Scope of work: Interior alteration
Is The Drop open in Austin?
The Drop is still under construction in Austin, TX, with an estimated completion of Aug 2027 according to its TDLR registration.
Where is The Drop located?
The Drop is located at 1608 S. Congress Ave., Austin, TX, 78704, in Travis County.
Who is the owner or developer of The Drop?
Good Holdings Office LLC is the property owner/developer of record for The Drop, per its TDLR project registration.
Who is the architect or design firm for The Drop?
Chioco Design is the design firm of record for The Drop, according to its TDLR filing.
How much does The Drop cost and how big is it?
The Drop has an estimated construction value of $12.0M and approximately 2,230 square feet (about $5.38K/sqft), based on its TDLR filing.
Scope of Work
Interior alteration
Note: This project is registered under the Texas Accessibility Standards (TAS) program. TDLR registration is required for commercial and public facility construction to ensure compliance with accessibility requirements under Texas Government Code Chapter 469.
Location & views
1608 S. Congress Ave., Austin, TX, 78704
Related Projects
Same Design Firm
$16.8M totalNearby Projects
Within 0.6 miRelated City Permits
Building permits found at or near this location
ePlan: Commercial Expedited Review - Interior Remodel to Existing Restaurant (3109 SF).
ePlan: Commercial Expedited Review - Interior Remodel to Existing Restaurant (3109 SF).
Interior Non-Structural Demolition
Interior remodel- Demo stair and minor structural areas. All interior non structural already permitted.
Installation of electric vehicle charging stations to existing parking garage 1500 sf. DA-2021-0750
Related Site Plans
City of Austin site plan approvals at this location
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