Austin is one of America’s fastest growing cities — the skyline is continuously changing and the downtown residential population has doubled since 2000 with no signs of slowing down. For this month’s Q&A, I sat down with AQUILA Principal and frequenter of Downtown Austin Chad Barrett. We discuss why there is such a draw to the epicenter of Austin as well as some of his favorite things to do in the area.

View of the Austin Skyline

Downtown Austin’s borders are defined as east of Lamar Boulevard, west of IH-35, south of 15th Street and north of Lady Bird Lake.

Q: Downtown Austin is the place that both businesses and residents want to be. What makes the Central Business District (CBD) so enticing?

A: I’ve lived in Austin since 2001, and since then, downtown Austin has dramatically changed. The first residential high rises were constructed in 2006, and ever since then there has been continued development of multi-family condos and hotels downtown. This additional residency has really promoted growth and brought along with it more amenities, restaurants, retail and entertainment.

 

Q: If someone was visiting from out of town, what are the top things you think they should do downtown?

A: They could go see a show at Stubb’s or the ACL Live Moody Theatre at The W. Or they could spend the day on Lady Bird Lake: go paddle boarding and kayaking, take a boat tour to watch the bats and the sunset, or walk/run the Hike and Bike Trail. And, of course, there are the entertainment districts of Rainey Street, East and West 6th Street, and the Warehouse District which are always a good time.

ACL Live Moody Theater in Austin, Texas

Concert at ACL Live Moody Theater (photo courtesty of Earl McGehee)

Kayakers on Lady Bird Lake in Austin, Texas

Kayakers on Lady Bird Lake

Q: What’s your go-to spot and why?

A: There’s so many good restaurants downtown, but my favorites are probably Lamberts, Eddie V’s, Ranch 616, the rooftop at Bob’s Steakhouse and 24 Diner. They are classic Austin spots and have great food and even better atmospheres.

Lambert's Barbeque in Downtown Austin, Texas

Lambert’s is in the historical J.P. Schneider & Sons Building on 2nd Street (photo courtesy of Noah Marion)

Q: You chose to move downtown from the lake area. What drew you to downtown?

A: Downtown was just more convenient for me.  I was already coming downtown for most things, so to move there just made sense. Now I live in close proximity to so many restaurants and retail shops, not to mention the AQUILA office, which is now just a short drive away.

Hartland Plaza in Austin, Texas

AQUILA offices at Hartland Plaza, located on 6th and Mopac.

Q: What new developments are there in the CBD?

A: There are a few developments in the CBD that are on the rise, or proposed for the near future. There is 210 West 7th, located on 7th between Lavaca and Colorado. We are actually leasing this one and have over 18,000 SF available on the 19th floor. There’s also Shoal Creek Walk, which is a 200,000 SF + Schlosser Development across from Whole Foods on 6th. Third + Shoal is under construction, a 29-story, 345,000 SF  development by Cielo and TIER REIT. And then 405 Colorado, a 200,000 SF proposed development by Brandywine. Our Austin Office Market Report gives a great overview of what all is in the pipeline.

View of Downtown Austin from 210 West 7th Street

The view from the 19th floor of 210 West 7th.

Q: Why is the CBD a great place for businesses?

A: There’s a lot of activity going on downtown – tons of amenities within walking distance and just the proximity to so many things. There’s also a dense population and a young workforce.

 

Q: Rental rates are rising in the CBD. Why is that?

A: The demand is very strong. Also, construction pricing has risen substantially which has driven up cost as well.

 

Downtown Austin Infographic: What to do and where to eat in Austin's Downtown neighborhood.

Download This Downtown Austin Infographic

Each month in 2017, AQUILA will be featuring a different Austin Neighborhood Spotlight. Check our blog next month for the next featured neighborhood.



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