Quote:
Originally Posted by photolitherland
Wait, the site in front of the Austonian was cleared of buildings to make way for a hotel that wasnt even fully funded yet? Please dont tell me they were like 1800s commercial buildings. I thought most of the old buildings downtown were protected for the most part.
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Correct. The developer pushed to get the building torn down before the funding was completely secured. This happens unfortunately way too often. (As has been stated , the building were not significant. One/two story 30's-50's. There may have been some older parts to them, but that was long gone. The building that are left were the older buildings.) We have a new empty lot at 5th and Colorado for the same reason.
The reason Austin still has so many vacant lots was because of the boom and bust in the 80s. Many older buildings were torn down in speculation of building in the boom and then the first big bust happened. We moved here right after that in the late 80s....so there was a bunch of new empty buildings and a bunch of empty parking lots. Most of the building we have seen in the last 10 years has still been either filling that space or unused 50s/60s era warehouses.
The Austonian was built on a lot that stood empty for at least 20 years. All the empty lots around it on 3rd and congress ( and over to Colorado) and most of the empty space that is being referred to here ( east of Congress) has been that way for 20 years! Empty!
I will say I have learned to be patient with development. While I want to see the space used. I want to see it used well. When the Marriott plan included a JW facing Congress I was in favor of it. When it was downgraded and down sized my interest faded. White Lodging is know for cheap looking hotel properties. ( I stay in one of their properties the "Downtown Louisville Mariott" all the time). They do "lowest common denominator" buildings on the cheap. NOT what I want to see along Congress. So I say, let it ride until the right thing comes along.... what the hell... been empty this long, might as well get it right!