Quote:
Originally Posted by papertowelroll
At least a residential building helps create demand for retail. The Dallas and Houston situations are aggravated by office-heavy developments. The area won't be dead after 5 PM if people live there.
Still I agree that it's disappointing seeing a downtown project be a net negative in what it offers to those of us who won't live there. You don't see every building in NYC having huge ground floor lobbies like this.
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You're right -- Though without wanting to take the 100-year view that Chicago and NYC have towards their urban centers (since they have been bigger downtowns than Austin for at least that long), you kind of run into the issue of providing supply while pushing out the things that create demand. Put another way, at a certain point, Austin's downtown could have tons of condos and apartment buildings and lots of residents, without any remaining space to satisfy the demand they create for retail. It's unlikely, but buildings could start doing what NYC, Tokyo, and other cities with lots of development on small lots do: put their lobbies on higher floors, separate from the initial elevator banks.
Even compared to East Austin, downtown could start to lag behind. While there are obviously plenty of 5+3 apartment buildings on the eastside that have nothing, there are plenty (especially Plaza Saltillo, Corazon, the Arnold, etc.) that have lined 80% of street-facing space with bars, restaurants, and stores.