City-wide infill, West Campus and Domain area projects will continue booming.
Financing for larger projects will continue to get more difficult to obtain nationwide as the economy slows. Austin will be less affected than most cities, but it will see a slow down in groundbreakings for 300'+ projects.
In addition to the five 300'+ projects underway:
Block 71 - 542'
300 Colorado - 446'
Marriott - 386'
5th & Brazos - 355'
Alexan on 11th - 350'
There are only three that seem to be a lock, and Block 185 won't start until later in the year due to the permitting process:
Block 185 - 589'
93 Red River - 369'
Domain Tower III - 306'
Some maybes being built by deep pocketed national developers that are far enough along in the permitting process to start in 2019:
6 X Guadalupe - 848'
Travis Tower #1- ~600'
44 East - 585' (Permitting time frame is more of an issue than financing IMO)
305 W. 5th - 509'
405 Colorado - 356'
Last edited by The ATX; Jan 3, 2019 at 9:16 AM.
|