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Originally Posted by Jdawgboy
That's a good point but it is not out of the realm of possibility that such an institution cannot develop here or relocate from an other city for that matter.
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If you are referring to a multi-national, multi-billion dollar financial institution, then yes...it is beyond the realm of possibility. Even though Austin has 2 million people (and growing exponentially), a huge financial institution is not going to move it's HQ (or major operations) out of Dallas, Chicago, Charlotte, Boston, New York, etc. for Austin. Austin is not a financial center nor will it be.
Quote:
Originally Posted by Jdawgboy
I think it's a combo of a matter of time and developers pushing the envelope just a little more each time. The Independent is a start.
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The Independent is residential. A totally different animal than office. But, I believe it was suggested in this thread that if Austin were to see a "height battle," it might just be between developers of residential towers. So, yes, I agree with you on that front...with one major caveat - cost. "Pushing the envelope" increases cost. And increasing the cost of construction will increase the cost for each residential unit. Affordability is already an issue in Austin.
However, Austin is no where near a Their 1 global city - where, if these these types of "battles" were to occur, it would be in these, larger, more global cities (i.e., New York, Chicago, Toronto, Melbourne, Sydney, The city-states of the UAE, Seoul, Bangkok, Kuala Lumpur, Jakarta, Mumbai, Moscow, Istanbul, several metropolis' in China, etc., etc., etc.) not Austin.