Austin OKs push for taller, narrower towers downtown

May 2, 2014
Austin Business Journal

City Council has approved a resolution that will ask the city manager to come up ways to help developers to build taller and thinner downtown

The resolution, which passed unanimously and without discussion Thursday, directs the city manager to eliminate barriers to developing so-called point towers, or high-rise buildings with a small floor plate. The towers are common in cities where larger lots aren't available for development or in cities where development is restricted by view corridors. Austin is one of those cities with view corridors that protect views of the Capitol from many parts of the city

The hope is that the new rules in Austin allowing slender buildings will open more lots in the city to development and allow builders to provide more supply to the stretched housing marking in Austin. With more supply generally comes lower prices – or at least less of price increase

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