City Unlimited? A Boom That's Reshaping Austin 11/12/2006
Austin, Texas—As many as 18 announced highrise projects representing $1.5 billion worth of work may break ground in the next year or so in the downtown section of this unique city. The plans reflect a sharp upsurge in downtown tower construction, a market that had been dormant in the Texas capital since the mid-1980s and then flickered to life again in 2004 with a 31-story Hilton hotel.
Now the flickerings are closer to an explosion. As many as 18 projects may generate 21 new towers along the downtown Austin skyline and provide the city with 3,000 new residential units and some 2,000 hotel rooms.