Earlier this month, the City council delayed a key vote to approve the plan for Trammell Crow to develop the 4.4 acre Green Water Treatment Site. Now, pressure is building for the City to renegotiate the 4-year-old agreement to sell Trammell the prime downtown site for $42.4 million as part of the $500 million development…
News
Metered Parking: Good for Downtown Business
Six months ago, the City of Austin began charging drivers to park on downtown streets Thursday to Saturday night until midnight. Prior to the change, parking spots would fill-up early in evening — or early in the weekend — and spots would remain full all night. Now it’s much easier to find downtown parking. According…
Update: Green Water Treatment Redevelopment
Nearly four years ago, the City picked Trammell Crow to redevelop the 4.4 acre Green Water Treatment site on the Southwest end of downtown. Now, with the site finally cleared and ready fro construction, the $500 million project remains stalled as the City Council further deliberates on the planned land and development deal. According to…
Austin: Top Investment Market
According to Realtor.com and data from the National Association of Realtors, Austin is the second-best real estate investment market in the Country. Out of 146 markets analyzed nationwide, Austin placed second after Tucson, Arizona. Austin ranks high for the potential for market appreciation and ability to generate financial returns through renting. With a very strong…
It’s Official: Austin Growing Like Crazy
According to the Austin Business Journal, Austin is the second fastest growing urban area in the country. “Austin experienced the second largest urban population growth over the last 10 years when compared to its peers, according to the U.S. Census Bureau. Among urbanized areas with populations of 1 million or more, Austin — with a…
Nokonah shows strong Price Appreciation, 360 Growth Flat
It’s well known that the value of a condo is mostly determined by the value of the building. No matter what improvements you make to your Railyard condo unit, it will sell for less on a $/SF basis than a unit in the Austonian. For this reason, we’ve crunched our full-year 2011 data to see…