The President of International Development Management Co. said he wanted to consolidate Austin’s status as the “Live Music Capital of the World”.
AUSTIN, Texas – A development company is planning a huge amphitheater in the center of an entertainment and residential project near Bee Cave.
According to a report in the Austin Business Journal (ABJ), International Development Management Co. (IDM) plans to open the first pieces of the Violet Crown project in 2023, with the amphitheater hopefully opening by Labor Day 2023, including two luxury apartment towers, a parking garage , a distillery with a tasting room and a top golf-style driving range.
The location is northwest of State Highway 71 and the Southwest Parkway. The amphitheater’s website also boasts that it will be on the highest point in Travis County.
ABJ reports that the amphitheater will seat 20,000, although the venue’s website claims a capacity of 16,500, “making it the largest music-specific space in the region”. IDM President Craig Bryan told ABJ that the development will cost between $ 600 million and $ 750 million.
“Austin is nicknamed the [Live] Music capital of the world. By god, I’m going to solidify that with this project, “Bryan told ABJ.
ABJ reports that the residential part of the planned development would include 475 units, spread over the two apartment towers and 29 and 20 stories high. Planned facilities for the towers include pools, restaurants, shops, a night club and dance hall. A night club is also planned under the amphitheater.
Violet Crown’s website states that the tower’s prime tenants are allowed and encouraged to put their units on short-term rental systems like Airbnb.
Other amenities on the map include the distillery and tasting room, which could serve as a small acoustic venue for up to 400 people, and the 96-bay driving range, which can be converted into a downward-sloping stage with space for 3,000 people.
Bryan told ABJ that the development team intends to start vertical construction in early 2022, with the driving range expected to open in the spring of 2023, the distillery and tasting room in the summer of 2023, and the apartment towers sometime in the 2024 design phase.
While the Violet Crown project will reside in an unincorporated part of Travis County, Bryan told ABJ that the development team will adhere to Austin’s noise and environmental regulations.
The Violet Crown project does not appear to have any connection with the Violet Crown Cinema on Second Street in downtown Austin or the Violet Crown Trail.
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