New data from four of the top five newly constructed downtown condo projects (the Austonian won’t release data) suggests that sales have been remarkably slow over the last six months at W Residences, Four Seasons, and BartonPlace and that many buyers who entered into contracts have failed to close. At BartonPlace, for example, 15 fewer…
News
Austin real estate news combined with editorial and opinion.
54% of Four Seasons Condos Sold
According to the Statesman, the Four Seasons Condominiums has 54% of it’s 148 units sold or under contract. The article reported that: “In a securities filing, Post said that, as of April 29, 68 units had been sold and 11 more were under contract. The 32-story Four Seasons is east of the Four Seasons Hotel…
Seaholm Becoming Essential Downtown Music, Art, Party Venue
Over the last three weeks, it seems that there has been a different party or event at Seaholm, the decommissioned art deco power plant in the heart of downtown, almost every night. During the innovative Fusebox arts festival, Seaholm was busy as a music and post-event party venue into the early morning hours. With great…
UrbanOutfitters to Open in Prime W Retail Space
While the W has been open a for a few months, the prime second street retail space under the ACL Moody Theater has remained boarded up. As the center of second street gravity shifts to the W, the large new retail spot is one of the most valuable in Austin. Now, Urban Outfitters has signed…
Waller Creek Project to Make Downtown Austin 11% Larger
For many years, downtown Austin visionaries have talked about the potential of Waller Creek and the adjacent floodplain that runs north to south though the East end of downtown. Through a massive tunnel project, work is underway to control the creek and thus remove a contiguous 28 acres from the floodplain, essentially increasing the size…
800 Foot 5th & Congress Super Tower to Return?
According to the Austin Business Journal, Tom Stacy (a veteran Austin developer) and Walton Street Capital (a $12B investment firm) are revitalizing plans for two dramatic downtown buildings on a key downtown block bound 5th and Congress. According to the Report , “Developers are moving forward with plans for two new mixed-use towers and a parking…