On March 3rd the developers of Spring Condos, a new downtown residential tower, announced a $50,000 contribution to the Austin Parks Foundation. The contribution is based on a formula of $500 for each new Spring resident, and will target needed public improvements to the lower Shoal Creek Trail, which have been called for since the 1990s. When all the units at Spring are sold, the total contribution will top $100,000.
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Spring Partner Perry Lorenz Presents APF ED Charlie McCabe with the check
The developers gathered today at the Shoal Creek pedestrian bridge @ noon to make the announcement with Mayor Lee Leffingwell, City Councilmember Chris Riley and numerous parks and downtown advocates.
The developers of Spring –Diana Zuniga, Perry Lorenz, Larry Warshaw, and the late Hon. Robert Barnstone–set a standard for providing community benefits for downtown development during their zoning case several years ago. This led to a string of other developers offering similar benefits, leading to millions of dollars in pledges and contributions for parks and trails, new sidewalks, and affordable housing.[/fusion_builder_column][/fusion_builder_row][/fusion_builder_container]