This type of architecture is needed. It will force future developers to think more about aesthetic architectural design than simply putting up a 500'/600' box tower. Competition is key - margins will be higher in more interesting architectural towers than simple boxes.
This tower, Block 71 and The Republic (if built) would be game changers in the history and development of Austin's skyline. The developers of these towers can demand higher rents than someone in, lets say, Third&Shoal (and obviously older towers).
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AUSTIN (City): 993,588 +3.30% - '20-'24 | AUSTIN MSA (5 counties): 2,550,637 +11.70% - '20-'24
SAN ANTONIO (City): 1,526,656 +6.41% - '20-'24 | SAN ANTONIO MSA (8 counties): 2,763,006 +8.01% - '20-'24
AUS-SAT REGION (MSAs/13 counties): 5,313,643 +9.75% - '20-'24 | *SRC: US Census*
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