Quote:
Originally Posted by The ATX
Yeah, from what I remember the price point was the same as some of the downtown high rises, and this location is much less desirable. I don't even consider it a walkable neighborhood.
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I'd have to respectfully disagree -- it's not a "much less desirable" location than downtown. It's less walkable, but certainly not unwalkable. It is a more desirable location than downtown, IMO. You have the access to the trail and lake, which many downtown properties also have... but you are also right by Zilker, the Long Center,Zach Theater, Palmer events center... so you would have better access to tons of culture, festivals and events, but wouldn't have the every day noise of tons of bars (like a location closer to 6th street). You wouldn't have the constant bother of tourists (as much) as north of the river with all the huge new hotels. The venues/restaurants nearby are much more local in flavor. You'd have the Barton Creek Greenbelt and Barton Springs nearby for nature, and if you wanted to have a daily walk or walk your dog in a neighborhood setting, Bouldin is right there. And downtown is just a short walk away, if you wanted to get that experience without the day-to-day hassle.
It's really a much more desirable location to folks who understand Austin. But I suspect that is not so easily explained to investors who would finance the thing, and that might have been the problem. Or perhaps it was something else. But really, the location is practically one of the best you could ever want in this city.