2019 Austin Business Journal Commercial Real Estate Awards
The 2019 Commercial Real Estate Awards recognize the most dynamic projects and transactions in the Austin metro area. Two WGI projects took home the honors this year.
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Yes, there are several different parking reduction incentives in Austin that can be triggered by geographic location and/or zoning classification.
The City of Austin does not require any off-street parking for sites within the Central Business District (CBD) and Downtown Mixed Use (DMU) zoning districts. The majority of downtown Austin is comprised of either of these zoning classifications.
All commercial developments located within the City of Austin Urban Core, as defined in “Subchapter E: Design Standards and Mixed Use,” are only required to provide 80% of the required parking listed in the Land Development Code (LDC) Appendix A. Additionally, these sites may utilize the following off-street parking reduction incentives. The overall requirement may be reduced by:
These incentives may be combined provided the total reduction does not exceed 40% of the required parking defined in the LDC Appendix A.
As part of the “Imagine Austin” comprehensive plan, Transit Oriented Development (TOD) zoned areas have been defined throughout the city. Although the specific regulations for each TOD vary, new development within a TOD are only required to provide 60% of that defined by the LDC Appendix A. In addition, the overall off-street parking requirement may be reduced by:
The TOD parking incentive reductions may be applied cumulatively but may not exceed an overall reduction of more than 50% of the required parking defined in LDC Appendix A.
Do you have questions about parking reductions and incentives in the City of Austin? We’re here to help! Please feel free to fill out a quick form or call our Austin office at (512) 669-5560.
WGI is a national design and professional services firm leading in technology-based solutions for the construction of public infrastructure and real estate development. At WGI, we’re providing Tomorrow’s Infrastructure Solutions Today.
The 2019 Commercial Real Estate Awards recognize the most dynamic projects and transactions in the Austin metro area. Two WGI projects took home the honors this year.
With the right partner, your project can move smoothly through each of these issues to completion. Calling WGI to handle these facets of your project for you can save you time and money.
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While traditional Transit Oriented Developments (TODs) have been used to create more efficient transportation networks in urban areas, they don’t always take into account the needs of existing residents or businesses. That’s why it’s time to say hello to Equitable Transit Oriented Development (ETODs) & their focus on the ‘people’ aspect of development.
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