Here's a recent article on Austin's "Second Downtown"
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Building Austin’s Future
Many anticipate that Endeavor Real Estate Group’s newest project will stimulate the creation of a second downtown in Texas’ capital city.
Lindsey Walker
When Austin, Texas-based Endeavor Real Estate Group purchased 230 acres in North Austin from IBM in 1999, the company had plans to demolish the existing manufacturing and service-center buildings and create a new, state-of-the-art office complex for dot-com companies. Due to the ensuing dot-com bust in March 2000, that strategy “quickly failed,” according to managing principal Kirk Rudy, and Endeavor had to figure out how to create value on the land. Their decision: a mixed-use community that could be a major catalyst for the creation of Austin’s second downtown.
http://www.texasrebusiness.com/artic.../feature8.html