W Austin Media Statement by Beau Armstrong, CEO Stratus Properties: Today as you know, another glass balcony panel at the W Austin building shattered in place and fell, breaking two panels directly below, and sending glass into the pool area, which was closed. The entire team here at the W couldn’t be more devastated that…
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Austin real estate news combined with editorial and opinion.
W Austin Evacuated and Closed After Glass Falls to Street
The W Austin was abruptly evacuated and closed today as glass fell to street for the third time in three weeks. The glass fell from the South side of the building just one day after three panels dropped to the street. Two weeks ago a pair of panels feel to the pool area while guests…
New 50-Story Modern Hotel Proposed for downtown, Battle with Marriott Begins
Last week, we reported that 1,000+ room Congress Avenue Marriott was back on-track. The project has been highly unpopular: the architecture is bad, the building lacks clear plans for ground floor retail, and the initial project resulted in the demolition of popular business such as Las Manitas. The building risks draining the life from a…
Uh oh: The Dreaded 1,003 Room Downtown Marriott Might be Built
Almost a year ago to the day, the Austin City Council enacted a zoning change and turned over a public alley in the most effort to lure a major convention hotel to Block 18 — the Congress Avenue block that used to house Las Manitas and which was at one point going to be taken…
Downtown “Startup District” Proposed
Technology startups have played an important role in driving the Austin economy. Home-grown companies like Tivoli, HomeAway, and Solarwinds have become major local employers. In an effort to build a stronger community around startups with the hope of nurturing more entrepreneurs to success, the Statesman reports that “Austin may soon get a downtown startup district…
Wow! Strong April & May MLS Condo Sales & Price Appreciation
We’ve updated the AustinTowers | TOWERS Realty Downtown Austin Condo Market Index for April and May, 2011and the results are very, very good. With 42 MLS sales during the two month period (and as many as 40 non-MLS sales in May alone), our twelve month tracking index showed it’s highest average sales price ever: $368,929. The new record was the result of both…