Quote:
Originally Posted by The ATX
They don't mess around in West Campus. Things go up as fast as the city approves them. The demand for student apartments must be so great that developers don't waste time with upzoning requests. But I just wish that at least one developer would seek up zoning. 21 Rio was the only to do so I believe. I'm hoping the 611 W. 22nd St. project is the start of an upzoning request trend since sites with the 175' zoning are becoming scarce.
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There are a lot of vacant rooms still for rent this school year in West Campus, something that hasn't happened since the recession.
The amount of money pouring into West Campus looks like a classic bubble. There are only so many students at UT and unless builders think they can market the units to non-students, it looks like a localized rent price crash will happen by next summer.
In addition, the dramatic expansion of high frequency buses on the main routes of Capital Metro (that go through the UT area) might entice more students to live (slightly) away from campus, in areas that were underserved before. I'm thinking bout the #20 and #18 lines especially.