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Originally Posted by gabetx
This is getting exciting. It is almost a reality. Just curious, how often does it happen that a project gets this far in the planning/permit stages and then falls through?
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I don't recall any big projects getting this far and not being built in Austin.
Considering the last three major economic downturns in Austin:
Mid-80s S&L/oil price crash - This ended Austin's first skyscraper boom. The condo tower proposed to be partially built on a Town Lake island failed, as did a 50-story tower proposed for the NW area of the US 183 & Mopac interchange. But I don't think they were very far along in the process. Maybe Kevin can recollect the details, but the 50-story tower may have had a connection to the One American Center tower that got built. Can anyone else grasp the significance of a 50-story tower (near the Domain!) in the 80s? Also, the round Lamar S&L HQ tower failed and that one was proposed for the 6 x Guadalupe site. It should be noted that that project got as far as the demo of the hotel on site. Sound familiar?
Dot Com crash - Vignette planned 3 ~30-story towers on what is now the WeWork/Waller Park Place site IIRC. But I don't think that project was this far along.
Great Recession - Most projects restarted during the recovery. But two significant failures were the Ovation (Novare 360 twinish condo tower) on the post office block and the awesome 21c hotel and residential project last proposed for the WeWork/WPP site.