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.
Current and Future Land Use
To better plan for downtown’s future, the Downtown Austin Alliance did a complete downtown development capacity analysis in 2016. We analyzed downtown land use to discover how much new development would likely occur, given existing development regulations and property ownership. We then looked at how much more land could be developed if “opportunity sites” were developed to the maximum level allowed under the Downtown Density Bonus Program.
We categorized development into these timeframes: under construction, mid-term (planned projects and areas with adopted master plans), and opportunity sites (sites of at least one-quarter block under one owner that may be developed in the long term). If we only complete projects currently under construction and those proposed for mid-term redevelopment, downtown may grow by 50 percent. If we also capture the full development capacity of opportunity sites, current estimates and projections show that the built environment in downtown Austin has the potential to double in size. The Downtown Alliance, in partnership with the city and other stakeholders, must keep this potential growth front and center as we help plan for the future of Austin’s downtown transportation, technology, energy and other infrastructure components.