Downtown Austin Alliance State of Downtown Report 2021

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DOWNTOWN AUSTIN ALLIANCE

DOWNTOWN DEVELOPMENT THE RE-EMERGENCE SEEDS OPPORTUNITY  Over the last decade, the southwestern corner of

tallest building and the tallest residential tower

downtown experienced a construction explosion.

west of the Mississippi. Meanwhile, in the southern

Its publicly owned master planned developments

and eastern portions of downtown, several

like Seaholm and Green Water produced new

additional projects are coming to the forefront.

investment in mixed-use high-rise buildings,

Now they are generating new density, new

streetscapes and public spaces. Other notable

amenities and the promise of new, authentic

projects included the award-winning Central

districts and complete neighborhoods that will

Library and The Independent, which is Austin’s

define downtown during the next decade.

A notable trend is emerging. The potential developments highlighted to the right in teal either have been announced, have plans on file with the city, or are under construction. They will rise above 420 feet and are known as super high-rise buildings. Downtown is already home to a handful of these towers, such as the Frost Bank Tower, the 360 Condominiums, the Austonian and The Independent. These tall buildings have reshaped Austin’s skyline, creating a new east-west orientation. And if the market allows, many more could be coming.

DEVELOPMENT PIPELINE PIPELINE STATUS

# OF PROJECTS

RESIDENTIAL UNITS

OFFICE SF

HOTEL ROOMS

Recently Completed

3

1,099

Under Construction

28

3,691

5,136,691

960

Proposed & In Planning

32

3,724

5,590,686

2,195

Source: Downtown Austin Alliance Emerging Projects Database, as of April 2021


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