Posted Sep 28, 2012, 6:06 AM
|
 |
Meh
|
|
Join Date: Jul 2001
Location: Austin,TX<-->Dripping Springs,TX<-->Birmingham, AL<-->Warm Springs,GA
Posts: 57,205
|
|
Quote:
Originally Posted by Meagan0803
These new photos are AWESOME! Thanks so much, Kevin!
|
Thank you.
http://impactnews.com/articles/area-...ifamily-growth
Quote:
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.
|
__________________
My girlfriend has a poodle named Kevin.
|
Hybrid Mode