From the cover
$10B projects underway a mile from Capitol
The big picture
Downtown redevelopments Over 7 million square feet of developments are under construction in Austin’s downtown, totaling over $10 billion in construction.
Estimates from city o cials indicate that more than $10 billion in construction projects are currently underway. Many of the projects are aiming to revitalize and expand di erent areas of downtown. “We are a very successful city, and as a result of that, you have a lot of demand for improvements,” Mayor Kirk Watson said. “... There are going to be some eggs broken to create the omelette—but we’re doing it in a methodical way.” According to property advocacy group Downtown Austin Alliance, 7.2 million square feet of development is actively under construction in the downtown district, including redevelopment projects along Sixth Street and proposed changes to Congress Avenue near the Capitol.
Planned and underway projects
5 completed projects in 2024
16+ projects under construction
25 planned projects
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7.3M square feet under construction
10.6M proposed square feet
1.1M recently completed square feet
SOURCE: DOWNTOWN AUSTIN ALLIANCE COMMUNITY IMPACT
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NOTE: THIS MAP IS NOT COMPREHENSIVE
Old 6th
31 properties to be renovated
expensive, but it does mean that we want really great chefs that bring really great concepts to spread a really wide array of a ordability and experience.” Building rehabilitation work is underway. By April, restoration e orts on seven properties are expected to be complete, with the rst restaurants opening by summer 2026, Bodenman said. Tenant demand will play a large role in the remaining redevelopment timeline. City o cials recently reopened several blocks of the street to vehicle tra c on the weekends.
What has colloquially been dubbed Dirty Sixth is undergoing changes as Stream Realty Partners, the owner of 31 properties along the bar-heavy block, seeks to revitalize the area. That project, called Old 6th, includes both cosmetic and business changes with the goal of creating a “true downtown neighborhood,” said Paul Bodenman, Stream’s senior vice president of investments. “We want really high-quality restaurants,” Bodenman said. “That doesn’t mean it has to be
Several historic properties are being rehabilitated under the Old 6th project to welcome new businesses.
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