Quote:
Originally Posted by The ATX
There is a slow down in financing
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This may be the case nationally, but I've yet to see a compelling argument that it applies to any of the "boom" cities (of which Austin is at the top of the list). After all, we're in the planning stages of how many significant downtown developments? Even if only half of them end up funded, that's still a continuation of our impressive boom:
White Lodging Marriott
UT Block 71
Green Water Block 185
TravisCo
Brackenridge*
Brandywine 405 Colorado
Episcopal Archives
The Avenue
48 East
IBC 6th & Nueces
Town Lake Lofts
3rd and Colorado (Sullivan's)
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Magellan 5th & Brazos
Sutton's Waller Park Place 1
Waller Park Place 2
Waller Park Place 3
Sutton's Villas project
I listed these in order of how I view their likelihoods of success, with those above the dashed line being the projects I think will end up happening, and bolded those that will include towers with heights above the visual "plateau".
*multiple towers possible, plus multiple adjacent towers which are currently working the entitlement and permitting process that I won't bother listing individually because their details are nebulous at this point.
That's 20+ skyscrapers over 300' currently working their way through the byzantine Austin development process and, realistically, we're likely to get another 5-10 proposal announcements in the meantime.
Edit:
If a good number of these make it thru the development hunger games, Austin will easily harbor one of the most impressive core skylines of American cities:
NYC, Chicago, Miami, Los Angeles, San Francisco, Atlanta, Houston, Dallas, Seattle, Philadelphia, Boston, Denver, Minneapolis, and Vegas.
Austin, Nashville, and Charlotte are the cities with the development intensity and potential height of buildings to play catch up and get themselves on that list.