AUSTIN | Projects & Construction II

[StoOgE]

It does make sense though. Most of the projects that came online in the last 5 years were done almost purely on speculation for what kind of market there was for downtown highrise living in Austin since there had been effectively none before.

Now potential developers of rental or condo units can sit back and see how the projects that were built perform. On top of the fact that there is relatively very little money out there to start large scale projects.

I would also think that the Water Treatment and Power Station projects are going to want to wait for the 2nd street district to fill out a bit more since they are an extension of it. It's really doing very well right now, once the W comes on line and it is one cohesive district it is one more selling point for potential tennants for retail and buyers for condos.