Quote:
Originally Posted by KevinFromTexas
It's really for three reasons. The bars, being close to the hike & bike trail, and the river and the views of it. I think probably the best views in the city from any of our buildings has to be from 70 Rainey with the view of the river, the hills and waterfront skyline. I don't think there's another building quite like it, I mean, sure there are others around it, but it's the tallest. And even with the new taller buildings, 70 Rainey is still uniquely positioned.
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Those are good reasons as to why they area is popular. However, it doesn't explain the height of these projects. That is due to small plot sizes. The smaller the site, the taller one needs to go to hit your margins.
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AUSTIN (City): 1,002,632 +4.64% - '20-'25 | AUSTIN MSA (5 counties): 2,620,945 +14.78% - '20-'25
SAN ANTONIO (City): 1,548,422 +8.03% - '20-'25 | SAN ANTONIO MSA (8 counties): 2,813,140 +9.97% - '20-'25
AUS-SAT REGION (MSAs/13 counties): 5,434,085 +12.24% - '20-'25 | *SRC: US Census*
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