Quote:
Originally Posted by PillowTalk4
Developers in Austin appear to be shifting to 40, 50 and 60+ story buildings. They have 17 proposals on the table that are over 40 stories. Three of which are under construction already. One of those is 65 stories.
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Downtown Austin alone:
Proposed, SP Under Review, Approved and/or U/C from 400'-499' = 5
Proposed, SP Under Review, Approved and/or U/C from 500'-599' = 10
SP Under Review and/or Approved from 600'-699' = 3
Proposed, SP Under Review and/or Approved from 700'-799' = 5
SP Under Review and U/C from 800'-899' = 2
18 others between 300'-399'
And this does not include Karlin Real Estate's ATX Tower proposals (one of which could easily top 1000').
Simply crazy...
Once land values reach a certain point (like in Austin), developers will be forced to build up. It's coming, Nashville...