• "Austin Transforms: Major Developments Reshaping the City's Landscape in 2024"

  • Jan 6 2025
  • Durée: 4 min
  • Podcast

"Austin Transforms: Major Developments Reshaping the City's Landscape in 2024"

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  • Résumé

  • Austin, Texas, is poised for significant transformations in 2024, with a slew of major developments set to reshape the city's landscape. One of the most ambitious projects is the $4.5 billion overhaul of I-35, known as the I-35 Capital Express Central. This massive undertaking will stretch from Hwy. 71 to US 290 E, involving the widening and lowering of parts of the highway, as well as the implementation of "caps" and "stitches" to enhance pedestrian and bike access[1].

    In the realm of healthcare, the University of Texas at Austin is witnessing the demolition of the nearly 50-year-old Frank Erwin Center to make way for a new hospital in partnership with MD Anderson, one of the country's top cancer treatment centers. This $2.5 billion project will include a second hospital tower and will be part of Austin’s burgeoning Innovation District[1].

    Downtown Austin is also seeing a surge in mixed-use developments. The Sixth&Blanco project, for instance, will transform about two acres of West Sixth Street into a five-story complex featuring retail, hotel, and residential spaces. This development follows years of planning and will see current vendors closing to make way for construction[1].

    Historic Sixth Street is undergoing restoration and renovation efforts led by Stream Realty Partners and architecture firm Clayton Korte. This initiative aims to preserve the historic charm of the area while modernizing several buildings within the district[1].

    The Block 21 development, home to ACL Live and the W Austin, is undergoing $40 million in upgrades. These renovations include a new hotel entrance, dining areas, and a 2,060-square-foot terrace at ACL Live, all expected to be completed by summer 2024[1].

    In terms of new skyscrapers, the Wilson Tower, initially planned to be 80 stories tall, is now set to reach 45 stories, aligning in height with the Frost Bank Tower. Construction has just begun, and completion is not anticipated for some time. Meanwhile, the Waterline tower in the Rainey Street district is well under construction, expected to be completed in 2026 and featuring the 1 Hotel Austin, over 350 luxury apartments, and 700,000 square feet of office space[1].

    The city is also investing in green spaces with the second phase of Waterloo Greenway’s plan. This phase focuses on the southernmost stretch of the greenway, adding three pedestrian suspension bridges, additional trails, multiple new public green spaces, and over 1,550 new trees[1].

    On the residential front, the Luminary condo tower will offer 286 homes, 4,800 square feet of retail and restaurant space, and 10,000 square feet dedicated to the Combined Law Enforcement Associations of Texas. Although the start date has not been announced, condos are expected to range from $600,000 to $3 million[1].

    Additionally, large-scale projects like Uptown ATX are in the works. This $3 billion, 66-acre transit-oriented master-planned community near the Domain will include over 7 million square feet of workspace, family apartments, retail, and a new Capital Metro Rail Station. The first phase, One Uptown, has already begun construction[4].

    These developments highlight Austin's continued growth and its appeal to innovative companies and residents alike, solidifying its position as one of the fastest-growing cities in the US.
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