AustinRealEstate's Blog

Big plans are in the works and seemingly moving forward for a massive green building project for downtown Austin, Texas. While the project is still in the infancy, the plans are proving to be top level as everything from a new water treatment plant to green residential units are on the table at this time. This project is on track to be the single largest green development in the history of Austin and downtown. Sustainable energy options coupled with low housing prices are driving the project forward. 

The now dormant western edge of downtown Austin is the site that is being eyed, encompassing more than $50 million dollars of appraised real estate. Five individual development companies have pledged their support for the project with the actual figures of how much they will pay still out there. The city counsels plans to meet later this month to discuss the budgetary and financial aspects and move forward with the project. Construction would begin in three years with a completion date as yet undetermined. 

The main focus for most of the development companies working on this green project will be sustained energy. Cotera, one such company, plans to make all buildings in their plan solar powered, essentially turning them into individual power plants. They will also use condensation from air conditioning units to flush toilets and as such greatly reducing the amount of water that is used by the facilities.

Everything combined will create a new version of downtown Austin. Plans for assisted living communities, pedestrian walk bridges and community centers are all in the works at this time.

Hope you enjoyed this and don't forget Austin's Cool House Tour is tomorrow from 12-6pm!

Affinity Properties | Flintrock Falls Real Estate

For further reading check out: http://www.statesman.com/news/content/news/stories/loc
al/05/07/0507green.html