Table of
DOWNTOWN AUSTIN ALLIANCE
Annual Report
2017-18
CONTENTS
4
6
Letter from the Board Chair
7
Letter from the President and CEO
8
01
ABOUT THE DOWNTOWN AUSTIN ALLIANCE................. Our Membership ................................................................................... 8 Strategic Plan 2013-2018 ................................................................10
02
THE STATE OF DOWNTOWN....................................... Emerging Development Projects ...................................................12 Development Potential ......................................................................16 Office Market ........................................................................................18 Residential Market .............................................................................20 Hotel Market .........................................................................................22 Retail Market ........................................................................................24
03
DOWNTOWN AUSTIN VISION: SHAPING OUR FUTURE..............................................
04
PLANNING DOWNTOWN: DISTRICTS, STREETS & PLACES. . ............................... Master Plans and Other Long-Term Initiatives ..........................34 Spotlight: Innovation District ...........................................................36 Spotlight: Our Congress Avenue ....................................................38 Transforming Congress Avenue .....................................................40
05
IMPROVING MOBILITY AND INFRASTRUCTURE.. .......... Spotlight: Downtown Parking Strategy ........................................46
06
CREATING A SAFE AND WELCOMING ENVIRONMENT.. ...
07
ENHANCING PARKS AND OPEN SPACES.. .................... Spotlight: Downtown Parks and Public Realm ..........................52 Spotlight: Republic Square ..............................................................54
08
ENGAGING THE DOWNTOWN COMMUNITY................... Advocacy................................................................................................56 Communications..................................................................................60
09
FINANCIAL REPORTS.................................................
10
DOWNTOWN ALLIANCE TEAM..................................... Board and Advisory Board | Staff ..................................................64
12
26 32
42 48 50 56 62 64
5