The Statesman ran an interesting feature today on the downtown Austin condo market. It looked at many of the intangible benefits of downtown living. It makes the obvious point that downtown living is not for everyone, but that a vibrant urban core enhances the life of everyone.
The article summarizes the importance of the current wave of downtown development:
“As more people move downtown, the mushrooming rooftops will attract more retail, restaurants and amenities, and those in turn attract more people,” Warshaw says. “This creates a feedback loop that will drive interest for many years, particularly when the city continues to invest in cultural and recreational amenities like Town Lake Park, a new central library and the new performing arts center.”
With Austin noted for being a growing mecca for the so-called creative class, “the more options people have in terms of housing, the more successful you’re going to be in attracting and retaining” top creative talent, Kelsey says. “It’s a main component of what Austin’s trying to do.”
While the link lasts, the article can be found here