[jtown,man]

Originally Posted by LoneStarMike

It's not condos. It's 135 efficiency apartments for single people making less than $27,000 per year.

http://www.foundcom.org/news-and-events/capitalstudios/

According to the website, only 20-30% of the residents are expected to have a car. This is great for downtown and for the residents(what better place to be car-less in Austin other than downtown/campus area). Also, I think this adds more value(IMO) to downtown as most units built are for wealthier people who probably still drive most places.