Two more Congress towers proposed
Austin Statesman-Austin’s downtown living trend began with a handful of smaller projects, then gathered steam with the Nokonah (Ninth and Lamar) and Austin City Lofts (West Fifth). The city estimates 1,385 apartment and condominium units - both in downtown proper and along Town Lake - are under construction or recently completed, and another 2,500 units are potentially in the pipeline. The two most ambitious projects are planned for Congress Avenue in downtown Austin.
The Congress Avenue Condominiums would rise more than 40 stories at the northwest corner of Congress Avenue and Second Street. The project would be primarily residential, with first-floor retail below 250 condominiums.
The proposed Fifth and Congress, at the northeast corner of its namesake streets, would sit adjacent to the Bank of America building and become the city’s tallest high-rise at 47 stories. It’s a combination of 1 million square feet of retail, office and residential space. Charles Heimsath of Capitol Market Research has suggested that the absorption of downtown living units is a healthy, yet modest, 300 per year.
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