Downtown Austin’s Construction Boom

The New York Times took note of the dozens of hotel, retail, office, and residential projects underway in downtown Austin.
Sat August 18, 2012 2:09 am
Flickr | stuseeger

The Texas economy is one of the most robust in the world. Wildly profitable companies and ingenious entrepreneurs call this state home, and what happens here influences businesses around the nation. Here’s a slice of the profits, losses, big deals, and backroom decisions happening across Texas this week.

Construction Junction
Austin’s downtown construction boom got a shout-out in the New York Times this week. Dozens of hotel, office, retail and residential projects are underway or about to begin, spurred by an “influx of young and highly educated workers” and the arrival of tech companies including Facebook, Google and Cirrus Logic.

There are now about 1,500 residential condominium units and 1,500 rental apartments in the downtown area, and about 500 more apartments are currently under construction, according to the article. Also, more than 2,000 new hotel rooms are planned in

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