AUSTIN | Projects & Construction III

[KevinFromTexas]

Whitley from the Lamar Plaza Shopping Center. It could have used more height here.

From this afternoon:

[ahealy]

I wish 21c never tanked. That would've been so perfect in E. Downtown.

[Meagan0803]

These new photos are AWESOME! Thanks so much, Kevin!

[KevinFromTexas]

Originally Posted by Meagan0803

These new photos are AWESOME! Thanks so much, Kevin!

Thank you.

http://impactnews.com/articles/area-...ifamily-growth

Area corridors budding with multifamily growth

by Macy Hurwitz
September 27, 2012

Experts: development ‘far behind’ demand for rentals in Central Austin

The housing market in Central Austin is seeing an upswing in multifamily and mixed-use multifamily projects as developers respond to a demand for more centrally located units suited for younger tenants and families.

Charles Heimsath of Capital Market Research—a firm that specializes in real estate research, land development economics and market analysis—said the commercial zoning lining the main roads into downtown Austin has allowed for the height necessary to build the projects, and high occupancy rates have encouraged new project development. Commercial zoning allows for building up to 60 feet in height, more than sufficient for a mid-rise apartment building, Heimsath said.

“With that zoning in place already and some positive demographic growth within the area and proximity to downtown, which has higher rental rates, the corridors that are leading in and out of downtown are becoming increasingly desirable for multifamily development,” he said.

[migol24]

Originally Posted by ahealy

I wish 21c never tanked. That would've been so perfect in E. Downtown.

I wish 21c AND T Stacey AND the AMOA would have never tanked.

[ahealy]

Originally Posted by migol24

I wish 21c AND T Stacey AND the AMOA would have never tanked.

Ahhh....I so agree. Downtown would have been so so so amazing if they hadn't. We need a giant museum downtown.

[MightyYoda]

Correct me if I am mistaken, but that view of Whitley will be covered by the Marriott soon enough.

[KevinFromTexas]

Originally Posted by MightyYoda

Correct me if I am mistaken, but that view of Whitley will be covered by the Marriott soon enough.

You're right. For some reason I was imagining it would be farther to the left. Judging by how wide the hotel will be north to south, it should easily fill in that gap to a height that is at least equal to One Congress Plaza (the stair stepped building).

I'm really hoping that once they build the new residential project at Lamar Plaza that it'll have a nice view of downtown from the parking garage, although, it'll probably be in back since they'll want to capitalize on the view. There's a nice view along Lamar since the skyline sort of stretches out in front of you from buildings way up in West Campus all the way down to the river and over to the Rainey Street/Waterfront District. Pretty much all of the new highrise construction planned in downtown/West Campus will be visible from that location. It's too bad the new residential building at Lamar Plaza isn't there already.

[jowens]

Originally Posted by KevinFromTexas

Whitley from the Lamar Plaza Shopping Center.

I'll miss Lamar Plaza as it is. SAVE BITCHIN THREADS!