As Waller Creek winds it way through the East end of downtown from Waterloo Park to Ladybird Lake, it forms a sunken urban river walk very similar to the well-developed tourist attraction in San Antonio. For years, developers have dreamed of transforming the river walk into a similar (though smaller scale) downtown destination with retail,…
News
Austin real estate news combined with editorial and opinion.
Exclusive: Strong September Downtown Austin Condo Sales Break Drive New Annualized Records
We’ve updated the AustinTowers | TOWERS Realty Downtown Austin Condo Market Index for September, 2011, and once again, our seasonally neutral 12-month tracking index set four new records. With September sales included, the 12–month index set records for the most sales (16.4/month), the highest $/SF ($310), the highest % ask (96.3%) and the second lowest average days on market (87.1)….
W & Austonian Win “Best New Building”
The Austin Chronicle released it’s “Best of Austin” awards with recognize a few downtown highlights:The “Best New Building in the Past Five Years” was a tie between the W and the Austonian. The Chronicle wrote that, “Austin’s Downtown skyline is ever-changing, but two new buildings have rightfully caught our readers’ attention and imaginations this year. The Austonian, the…
643 Tickets Issued on First Night of New Parking Rules
The City of Austin issued 643 parking tickets at meters on the first evening of extended meter hours. While the new meter hours went into effect in early September, the City began issuing $20 tickets for violations in early October. The new rules are complicated:- There are unique rules for the 3,000 downtown parking spaces…
Austin Comprehensive Plan: The Future of Dowtown?
City officials have released a draft of the broad new 30-year plan for downtown Austin development. While just a draft, the new plan paints a picture of the Austin of the future as a more dense and livable City that evolves to include as many as 700,000 new residents over the next 3 decades. If…
Hickory Street to be Replaced by 28-Story Tower
After 28 years in business, Hickory Street Bar and Grill at 8th and Congress will close on Saturday as developers move forward with plans to build a much larger building on the prime Congress Avenue SiteHickory Street at 800 CongressAccording to the Statesman, “a developer announced plans in July to replace the restaurant with a…