AUSTIN BUSINESS JOURNAL ARTICLE:
A high-rise on the northwest side of downtown has passed a hurdle it couldn't clear two months ago.
Commissioners found that RHODE PARTNERS the project substantially complied with the city's urban design guidelines, a necessary step for the developers to receive a density bonus.
The development team led by West Seneca, New York-based Reger Holdings LLC hopes the 117-unit tower will be a dramatic and highly visible boost to a section of downtown between the State Capitol and the University of Texas campus.
The area as a whole is rapidly changing with Travis County's new courthouse and a new hotel already planned nearby. That raises the stakes for what gets built on the site of 17th and Guadalupe, currently occupied by the low-rise William Gammon Insurance Building and a parking lot.
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