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Five years after it closed, the once-beloved University Cyclery on North Lamar is looking to become something new.

For 39 years, the store sold bikes and apparel and also offered repairs and rentals. Now, property records show the current owner as “Peddle Faster LLC.” Though it’s unclear what plans might be lined up for the site, some have shared thoughts on what the space could become, and say it could work as a restaurant.

While Austin has a "Pedal Faster LLC" off Riverside, "Peddle Faster LLC" appears to be a separate entity. The company was incorporated in June last year, and shortly after the deed for the property was acquired in early October.

When University Cyclery closed, the website posted a closing message saying, “Our building was sold and we have decided to move on. We’re sad but excited about the next chapter of our lives.”

At the time and in the years following, the community expressed disappointment over the loss of an Austin staple. The move to close predated the shuttering of multiple city favorite businesses throughout the pandemic like Vulcan Video, Shady Grove and Threadgill’s.

In 1996, the Austin Business Journal profiled the store, which was the former site of the Wheatsville Co-op.

John and Joyce Fox formerly owned and operated the store, getting an idea for it on a visit to Austin from Chicago.

"We noticed that there were only two Schwinn stores in town," Joyce told the ABJ. "Schwinn is based in Chicago, and when we got back, we called Schwinn about opening another shop in Austin. They told us the two Austin stores were for sale. We ended up buying them both."

University Cyclery started going by that name in 2001 when the Schwinn Bicycle Company was sold. That same time, the store started offering bicycle brands like Giant, Yeti and Jamis.

The Fox family purchased University Schwinn Cyclery in 1977 with locations at 29th & Lamar and Anderson Lane. Three other locations opened and eventually closed around Austin over the years.

In 2004, the original owners retired and Jim Fox took over the business after working as the store's manager for many years.


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