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Development
Are rents falling? Apartment association sees construction, weak demand causing 'negative rent growth'
A combination of softer demand by renters and new multifamily apartment units completing construction has caused some lowering of rents in the Austin market, according to members of the Austin Apartment Association. At a series of panel discussions last week,…
Housing • By Chad Swiatecki • Sep 11, 2023
Life sciences, housing policy seen as keys for Austin's five-year growth strategy
Business leaders see the life sciences sector as the next major piece of the Austin economy and expect it to grow quickly along with semiconductor and automotive manufacturing, financial services and national defense in the years to come. Focusing on…
Austin • By Chad Swiatecki • Sep 8, 2023
Council approves development changes as required by state law
With several new state laws going into effect on Friday, Sept. 1, Austin City Council approved some significant changes to the rules governing the city’s Development Services Department this past Thursday. Most of those changes are aimed at making it…
Development • By Jo Clifton • Sep 7, 2023
East 12th Street rezoning wins first-round approval
At last week’s meeting, City Council voted unanimously to approve greater height and a zoning change for a property at 3117 and 3121 E. 12th Street for construction of 80 dwelling units, 10 percent of which would be affordable. The…
Development • By Jo Clifton • Sep 6, 2023
City seeking developers interested in East 11th Street revitalization
The city is looking for developers interested in remaking two of the most high-profile blocks downtown, which could shape the future of the Black community in East Austin. Last month the Austin Economic Development Corporation (EDC) opened a request for…
Planning • By Chad Swiatecki • Sep 5, 2023
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Council approves push to make air conditioning a requirement in Austin
This summer, a stretch of hot, dry weather in Austin has tested everyone’s patience. The record-high heat has also posed a danger to those not lucky enough to feel the relief of air conditioning. A new City Council resolution looks…
City Council • By Elizabeth Pagano • Sep 1, 2023
Council hears plan to overhaul site plan review process
Few who have dealt with the city of Austin’s site plan review process would dispute that it’s cumbersome, time-consuming and expensive. But consulting firm McKinsey & Company, which analyzed the process and then outlined improvements for City Council at Tuesday’s…
Land Development Code • By Jo Clifton • Aug 30, 2023
City facing new legal challenge over Affordability Unlocked, other rules this week
The 18 plaintiffs who won a judgment against the city of Austin over its attempted rewrite of the Land Development Code in 2020 are going back to court this week. This time, they’ll attempt to overturn city regulations created in…
Courts • By Jo Clifton • Aug 29, 2023
Regulating plan for Austin's South Central Waterfront could be adopted this year
The long-awaited regulating plan to guide development patterns just south of the Ann W. Richards Congress Avenue Bridge could arrive just as a handful of massive new projects in the area move forward for approval. A city memo released last…
Development • By Chad Swiatecki • Aug 29, 2023
Planning Commission recommends airport master development plan update
The Planning Commission voted Tuesday to recommend an update to the Austin-Bergstrom International Airport’s Master Development Plan Ordinance. The airport’s Master Development Plan Ordinance must be updated every 10 years. It allows the city to look at the site comprehensively,…