Downtown Austin TX Is Booming – 37 Towers Are Planned For Development
If you live or work in the downtown Austin area you know that it’s booming because it’s easy to see evidence of the growth on a daily basis because almost everywhere you look, it’s easy to spot a construction crane.
How fast is the downtown ATX area growing though? Thanks to recent stats from bizjournals.com we know that 37 towers are in development right now.
Fast Paced Growth Downtown
Construction on what will be Austin’s tallest tower — 6 X Guadalupe — has started in earnest.
An Extended Stay America hotel at the corner of Sixth and Guadalupe streets was demolished to make way for the 66-story office and residential tower. The skyscraper will feature 349 apartments, 589,661 square feet of offices and 11,675 square feet of retail space.
Lincoln Property Co. and Kairoi Residential are the developers. Gensler is the architect. JE Dunn Construction Group Inc. is the general contractor.
The huge tower will take a few years to build, allowing The Independent — the Jenga-like tower a few blocks away — to retain its status as the tallest tower in Austin for a bit longer. Subscribers can get more details about 6 X Guadalupe in this recent article.
Source – Bizjournals.com
Learn More About The Austin Real Estate Market
To get started with buying or selling a home in downtown Austin, or the surrounding area, contact me today by clicking here.