Iconic structures like the Eiffel Tower in Paris, Reunion Tower in Dallas or the Empire State Building in New York make these cities immediately recognizable when you see them in the skyline. What makes the Austin skyline iconic? There are so many new projects happening downtown, making permanent changes to the Austin skyline today. If you’re like us, you are curious about every new crane you see on your morning commute.
Did you know that of the eight tallest buildings in downtown Austin today, not one of them existed 10 years ago? Planned and proposed projects that will add to the skyline include several hotels, condominiums, luxury apartments, office space, retail space, a central library and a new courthouse. We’ve profiled several of these projects in our quarterly magazine, LOCALE Austin.
Capital Studios at 309 E. 11th Street
Capital Studios is a new residence project gracing the northeast corner of 11th Street and San Jacinto with a fun, geometric structure that really catches your eye. This project is super exciting because it’s something Austin hasn’t seen in awhile. The 135-unit low- rise building is the first affordable housing community built in downtown in 45 years.
The community consists of efficiency-style units, which are leased to people with income lower than $26,400/year, and – this is awesome – 5% of the apartments are set aside specifically for artists. Rent ranges from $339-665/month, all bills paid.
The true genius of this project doesn’t stop there. Capital Studios utilizes entirely green design: low VOC paints, LED lights, energy efficient appliances and fixtures, solar-thermal water heating and highly efficient HVAC systems. Capital Studios is also be home to Foundation Communities’ signature education, financial stability, and healthy living programs for residents, including access to dedicated case managers, college prep classes, integrated health care, and one-on-one financial coaching.
Foundation Communities is an innovative Austin- based company that provides support services for thousands of working families with kids, veterans, seniors, and individuals with disabilities. The company was founded 20 years ago by UT Austin grads with the belief that everyone in Austin should have a nice place to live that they can afford close to good jobs and schools. Foundation Communities has created a model that empowers residents to achieve educational success, financial stability, and healthier lifestyles. In addition to Capital Studios, the company owns and operates 17 properties in Austin and North Texas. Capital Studios welcomed its first residents early this year.
Read the full “Downtown Austin’s Changing Skyline” article here. For more hyper-local Austin info like this, get a free subscription to our magazine, LOCALE Austin.
The Shannon Schmitz Group is known for the signature service they provide to their clients, customizing every detail to their specific needs. Powered by Austin Portfolio Real Estate and Keller Willams Luxury Homes International, these professional, hard-working Realtors® and their dedicated, technologically-savvy marketing team work together to provide the utmost in service to their clients for buying or selling real estate all over Austin. This includes the surrounding Texas Hill Country Area, including Spanish Oaks, Bee Cave, Lakeway, Lake Travis, West Lake Hills, and the famous Austin zip codes of 78703 and 78704.