Quote:
Originally Posted by LoneStarMike
I think for a building that's nearly 50 years old, Cambridge Tower has held up well, and the exterior is pretty much the same as when it opened in 1965.
At any rate, I found this blog entry about Cambridge Tower to be pretty interesting. All kinds of things I never knew about the building
Cambridge Tower: Austin's Landmark of Luxury
I never knew there were restaurants there at one time, as well as room service for what was originally built as apartments. (Wish my complex had room service.)
I never knew that the building was originally going to be mixed use, and I never knew that the current design was radically different from the original building plans.
I also never knew that it was designed by the same architect who designed the First National Bank Buiulding in Dallas.
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There were and stiil are many "storied" residents here. There is also a growing new corp of residents who love the builidng for what it is, The only midcentury style highrise in Austin.
The ground floor is still all buisnesses. There;s have been current effrots to get a coffe shop or other cafe on the ground floor again.
As to the question earlier about Cambridge buying the lot. The building had the opportunity more than ten years ago to do so before prices started rising. Short sightedness at the time on the part of the board seemed to have prevented that. The price is now prohibitive. Any thought of doing so has been compromised by the $ going into the building to upgrade systems all steming from the fire last year.
All in all, it is a very well built building and a healthy reserve. Services are good. Location is great. And, like I have said, relative to downtown it is a more afordable location than most.