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Originally Posted by Jdawgboy
Yet more more space being lost in a rapidly shrinking entertainment district. At least with the residential proposal there was going to be a restaurant component.
They might as well say from the get go, 18 floor office with 13 floors of parking. So did Austin give up at reducing single person car commutes or what??  |
There is still a restaurant component.
At 300 Colorado, Del Frisco’s [Company that own's Sullivan's signed a 10-year lease and plans to open a Del Frisco’s Grille, an upscale concept featuring modern American cuisine, said Bill Martens, chief development officer for Del Frisco’s.
As far as all the parking levels, it's the right thing for them to do. They city has to be the one to get better public transit options approved first. Investors can't not provide parking out of the hope that Austin will get transit in order. You don't make public transit better by taking away parking spaces for people who work at a single company. You make it better by getting people in the city to vote for public transit.
I think the move to offices is a great development. I would rather see space used in downtown for badly needed office space to support a growing economy and growing business that is actually based in Austin. Seems like great news to me.
Austin badly badly badly badly baldy needs more office space. As of last July, out of the top 15 cities vying for Amazon, the only ones with a lower office vacancy rate are San Fransisco and New York City. NYC is building 11.1 million sq feet right now, SF is building 6.6 msf and Austin is 1.9 msf. We have hit a huge huge stumbling block for generating new business and growing the economy. I don't mean for Amazon HQ2. I'm talking about for anything. We are having a very hard time servicing our existing companies.