A favorite spot of Austin movie goers, the Alamo Drafthouse on South Lamar, is closing its doors to make way for new development.
"The whole shopping center is getting reveloped," says Alamo Drafthouse owner Tim League.
"It's going to feature five stories of condos, all new retail," he said.
And a brand new Alamo Drafthouse. It's bittersweet for League.
"It's a little piece of Austin that's not going to be quite the same, but I do think once we're back up and running, it's going to be a beautiful center and a better theater," League said.
The South Lamar Plaza development is just one of at least half a dozen construction projects on South Lamar from Barton Springs to Ben White. A new apartment complex, The Post on South Lamar, was recently completed and several more are in the works that will add at least 1,500 residential units to the corridor. Austin icon the Broken Spoke, which has been at its South Lamar location for nearly 50 years, will soon be surrounded by new residential and retail development.
New restaurants and shops are popping up and that will only continue. Henri's Cheese Shop and Wine bar opened last year on South Lamar near Oltorf.
"I love the area. It's great. They're doing great things," says employee Dave Puchta who just moved to Austin from New York.
White he's happy to see the new development, he does have a concern about the increase in traffic.
"It could be congested so that's one of the unwelcoming traits," he said.
The City of Austin will be conducting a traffic impact study to determine what changes need to be made to help ease traffic congestion that's sure to come with all the new development.