The site is on hiatus while I focus efforts on TOWERS realty. Having chronicled downtown Austin's evolution for the past 10 years, many of these posts could be useful as a reference, so the site will remain live. I may still post here sporadically, but you can follow TOWERS' original Austin real estate news on Facebook, Instagram, or subscribe to TOWERS' weekly newsletter.
The recent plan for 3rd & Colorado - a residential tower that I'm excited to see more of, if not disappointed that it isn't taller - reminded me of a policy discussion that lost steam a few years back focused on preservation of the Warehouse District. Back in 2009 influencers with a preservationist slant vocalized concern that the charm of the Warehouse District would eventually lead to its demise unless measures were taken to limit height and density in the district.
Back then, one of the recommended approaches to preservation was facilitating the Transference of Development Rights (TDR), aka. The topic was dropped in 2011 when the Downtown Austin Plan (DAP) was formally adopted featuring a "density bonus" program.
The recent plan for 3rd & Colorado - a residential tower that I'm excited to see more of, if not disappointed that it isn't taller - reminded me of a policy discussion that lost steam a few years back focused on preservation of the Warehouse District. Back in 2009 influencers with a preservationist slant vocalized concern that the charm of the Warehouse District would eventually lead to its demise unless measures were taken to limit height and density in the district.
Back then, one of the recommended approaches to preservation was facilitating the Transference of Development Rights (TDR), aka. The topic was dropped in 2011 when the Downtown Austin Plan (DAP) was formally adopted featuring a "density bonus" program.
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