2500 New Multifamily Units

During the past six years, there have been more multifamily units built in Austin than single family units, 13,763 to 12,013, respectively. This trend will have far reaching significance for Austin in terms of overall urban form, owner occupancy rate and the spatial patterns of owner occupancy.

The corners and edges of Austin are being built-out with new apartment projects. Located largely on major roadways, near important intersections, and often with commanding views, the army of 41 recently completed complexes have begun to change the urban fabric of the metropolitan region.

Not all new projects, however, have been built in the corners and on the edges. Townlake Gables Apartments, Jefferson on Congress, and Central Park (also a Gables development) all sit within Austin's urban core, and yet could not be considered "downtown residential." These "near core" projects offer high quality housing close-in and should act to suppress any true downtown residential development. Austin's demand for core residential will probably continue to be met by projects such as these, and not from inside the central business district.

OUR COVER STORY COMES FROM THE QUARTERLY MULTIFAMILY STATUS REPORT (7PP.).

TO SUBSCRIBE: (512)499-6443 OR RROBINSON @COA1.CI.AUSTIN.TX.US.