The redevelopment of Waller Creek will lead to a wholesale transformation of the East end of downtown. As a massive tunnel diverts floodwaters and removes the area from the floodplain, an independent conservancy is driving bold plans for redevelopment of the area. The first step is a design competition. On Monday, The Waller Creek Conservancy…
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Austin real estate news combined with editorial and opinion.
Exclusive: Full Year Analysis of 2011 Downtown Austin Condo Sales
The Annual AustinTowers | TOWERS Realty Condo Sales Report2011 Analysis: Downtown Austin Condo Sales 2011 showed new market strength as volumes, prices, and $/SF rose broadly across the market. With the addition of new, high-end inventory at the W and Austonian, the market saw increased breadth with more sales in mid and high-price bands. Sales…
New 23-Story Rainey Street Apartment Tower to Rise, Block Neighboring Views
Novare, the developer of 360 and the firm behind the recent acquisition of the downtown post office site, has announced plans for another downtown Austin apartment project. The new 23-story tower will rise in the rapidly transforming Rainey Street neighborhood on a long-narrow site directly east of Milago and north of Legacy on Town Lake. The…
Exclusive: November and December Sales Set New Records!
We’ve updated the AustinTowers | TOWERS Realty Downtown Austin Condo Market Index for November and December, 2011, and our seasonally neutral 12-month tracking index set four new records in each of the two months. With November and December sales included, the 12-month tracking index set records for the highest $/square foot ($329), average sales price ($388,157), and % of list…
More Lady Bird Lake Improvements Planned
Lady Bird Lake may be the most-prized downtown destination. This week, a new grant was announced that will further improve the South Shore of the lake. The American Institute of Architects will contribute as much as $200,000 to improve the South shore of the lake. According to the Austin Business Journal, “The areas around Lady…
USPS: No More Downtown Post Office
Last month, the U.S. Postal Service announced that it had come to agreement with Novare Group — the developer of 360 — to sell the current downtown post office site and to relocate the post office in early 2013. Novare is looking at building a new high-rise development on the current low-rise site. Now, the U.S….