While the recession touched Austin much less than other American cities, an overall climate of uncertainty slowed downtown development over the past few years. This challenged the Downtown Austin Alliance and other organizations to continue building a strong environment for post-recovery development.
This year we saw construction cranes return to the downtown skyline, with investors building upon the strong foundation of safety and infrastructure improvements that the DAA helped to spearhead. We continued promoting positive growth of downtown’s retail, commercial and residential markets.
What’s next for the neighborhood? Is your dream space in development? Check out projects under construction or in planning, including office/mixed use, residential, retail, hotel and parks projects.
Heritage Tree Ordinance
DAA participates in ongoing stakeholder meetings aimed at reconciling the potentially competing goals of downtown density and tree preservation. The latter goal is addressed in the Heritage Tree Ordinance that the City Council adopted in 2010.
Downtown Sound Mitigation Proposal
At the Austin Music Commission’s recommendation, the City Council passed a resolution calling for new building code requirements for sound mitigation in downtown residential and hotel development projects. Concerned about potential cost implications for property owners and the effectiveness of such measures in general, the DAA invited the Real Estate Council of Austin to join us in developing a position and monitoring this issue, which is still in progress.
Downtown Austin Plan
The DAA supported the Downtown Austin Plan, which the Austin City Council adopted in December 2011. The DAA successfully convinced the Council not to impose a 45-foot height limit in the Warehouse District. The Council adopted the controversial Density Bonus Program with some modifications, and the DAA will continue to monitor this program as it is recalibrated and codified.