We’ve updated the AustinTowers | TOWERS Realty Downtown Austin Condo Market Index for October, 2011, and once again, our seasonally neutral 12-month tracking index set three new records. With October sales included, the 12-month index set records for the most sales (16.7/month over the last year), the highest $/SF ($314), and the lowest average days on market (86.2). With no…
News
Austin real estate news combined with editorial and opinion.
Look! Renderings of the New Super Central Library!
Downtown Austin’s central library is too small and too outdated. After years of planning, the City is looking to build a new 200,000 square foot downtown library on the Seaholm site. The building is designed by Lake Flato, an internationally known architecture firm based in central Texas. Unfortunately, the renderings shown below seem more designed…
Seaholm Redevelopment: Is it really happening?
We’ve been writing the same story about the dramatic redevelopment of Seaholm for nearly five years. Back in 2007, we were excited to see construction start but then stop once infrastructure enhancements were completed. So is it real this time? Having seen so many downtown projects discussed and dropped, it is hard to believe that…
Downtown Austin Riverwalk to Become Reality
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,…
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,…