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Back from the dead: Downtowns coming backBack from the dead: Downtowns coming backhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=161382017-03-23T05:00:00Z2017-03-23T22:00:00Z

​​AUSTIN – Austin and Dallas are two of ten U.S. cities whose downtown districts are "rising from the grave," says Realtor.com.

Authors of the website's article on downtown revitalization looked at the 200 largest U.S. cities, considering several factors when compiling their list. Those included downtown residential population growth; number of restaurants, bars, grocery stores and food trucks per capita; number of department stores and independent retailers per capita; and number of jobs per capita.

Austin ranked sixth on the list and Dallas eighth.

"The story of downtown Austin isn’t entirely about rising from the ashes, like the other cities here," the article said. "Rather, it’s about a small urban area known best for hole-in-the-wall bars and middle-of-the-night taco joints exploding into a full-on hipster mecca.

"Today’s downtown is a place that attracts Silicon Valley techies long after the crowds of the music and technology festival SXSW empty out. Dozens of software, game, mobile, and chip design companies have already converged on downtown, and Google signed a lease on a 29-story office building that’s still under construction."

On Big D: "When the real estate market in Texas crashed in the early 1990s, nearly one-third of the offices in Dallas were left empty—the biggest chunk of urban vacancies in the country.

"That era has ended. Abandoned downtown offices are now luxury lofts, and more new condos have gone up. Once a ghost town after dark, downtown has found new life.

"A bold move in 2012—opening an urban park over the freeway that once isolated downtown—further catalyzed revival. The new Klyde Warren Park not only added 5.2 acres of green space but made downtown walkable."

Realtor.com
Austin-Round Rock
Economy
http://www.realtor.com/news/trends/top-10-downtowns-that-have-made-a-comeback/Read more at {Source}

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