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Home/Site Plans/Ovation
⏰ ExpiredDistrict 9

Ovation

The applicant is proposing to construct a 37 story residential condominium tower, commercial retail, a postal office, parking garage, and other associated improvements.

📍 500 W 5TH ST, AUSTIN, TX, 78701📄 Site Plan🏛️ AUSTIN FULL PURPOSE
Inactive0%
Site area
1.18 acres
City: AUSTIN
Timeline
Applied: Aug 25, 2008
Updated: Oct 10, 2008

📊Site Plan Metrics

#10185906
1.18 acres
Site Area
⏰

Expired

Expired

Site plan approval has expired. Typically occurs when construction has not commenced within the allowed timeframe.

Next:Contact city to discuss reactivation or resubmittal options.

📋Scope of Work

The applicant is proposing to construct a 37 story residential condominium tower, commercial retail, a postal office, parking garage, and other associated improvements.

📅Entitlement Timeline

Application Filed
+30d
August 25, 2008
In Review
September 24, 2008
Expired
October 10, 2008

📍Location & Views

Open in MapsGet Directions|30.26867, -97.74785

💰Property Tax Assessment

View on TCAD
$91.71M
Property Value
Market, Appraised & Assessed values are equal
Land: $31.77M (35%)Improvements: $59.95M (65%)
📍
Property Address (TCAD)
500 W 5 ST 78701
👤
Property Owner (TCAD)
INTERNATIONAL BANK OF COMMERCE
Year Built:2013
Acres:1.18
Tax Year:2026
Type:COMMERCIAL IMPROVED

📈Property Value History

Year-over-year assessed values from HCAD/TCAD records

Tax YearLand ValueImprovementMarket ValueAppraisedTrend
2025$31,766,892$56,433,108—$88,200,000
2024$31,766,892$60,173,108—$91,940,000
2023$33,356,523$84,643,477—$118,000,000
2022$33,356,523$88,799,309—$122,155,832
2021$33,355,236$80,936,364—$114,291,600

📜Deed History

Ownership transfer records for this property

Sep 17, 2009SW
BLOCK 51 LP→INTERNATIONAL BANK OF COMMERCE

SPECIAL WARRANTY DEED

Dec 13, 2006SW
ASC/ BEARCREEK PROPERTIES LTD→BLOCK 51 LP

SPECIAL WARRANTY DEED

Feb 1, 2006WD
MAVERICK DOWTOWN AUSTIN LTD→ASC/ BEARCREEK PROPERTIES LTD

WARRANTY DEED

May 19, 2005SW
MAVERICK-SOUTHWEST 2 LTD &, MAVERICK-SOUTHWEST 2 LTD ETAL→MAVERICK DOWTOWN AUSTIN LTD

SPECIAL WARRANTY DEED

May 12, 2005SW
INTEL CORPORATION→MAVERICK-SOUTHWEST 2 LTD &

SPECIAL WARRANTY DEED

Jun 27, 2000SW
MUSEUM PARK L P→INTEL CORPORATION

SPECIAL WARRANTY DEED

🤝 Project Team

🏠 Owner Contact
B
Billy Holley
Block 51, Lp c/o Novare Group
(404) 261-7872
📝 Applicant Contact
J
James R. McCann
Longaro & Clarke L.P.
(512) 306-0228

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409 Monroe Offsite Parking
Approved and Released • AUSTIN • Jan 21, 2022
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Expired • AUSTIN • Oct 16, 2017
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Approved and Released • AUSTIN • Aug 10, 2016
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TWIN OAKS BRANCH LIBRARY
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Guero's Restaurant Late Hours Permit
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Quick Links

City of Austin ABC PortalView Location (Satellite)Property Tax Records
Case #10185906

Zoning & Land Use

Current Zoning
CBD-CURE-CO
Existing Use
Parking
Proposed Use
Mixed Use (residential condominium tower, commercial retail, post office, parking garage)

Location Intelligence

Businesses near the planned site

Old West Austin481 ft (147m) elevation

BookPeople

0.2 mi
Store
4.8(4,288)
Upgrade to viewbookpeople.com

Austin Pets Alive!

0.3 mi
4.5(2,102)
Upgrade to viewaustinpetsalive.org

Townlake YMCA

0.2 mi
Gym
4.7(1,167)
Upgrade to viewaustinymca.org/locat

Business data from Google

Explore Area

🏙️
AUSTIN
Directory by city
📮
ZIP 78701
Projects in this ZIP
🏛️
Council District 9
From site plan record

📌 Case Details

Case Number10185906
Case TypeSite Plan
Sub TypeSite Plan Administrative
Permit NumberSP-2008-0418C
JurisdictionAUSTIN FULL PURPOSE
TCAD ID0206010301
Property RSN226761

Legal Description

LOT 1-4&8 & W 23' OF LOT 7 & PT OF VACATED ALLEY BLOCK 051 ORIGINAL CITY

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