The Austin rental market is very very strong right now. People continue to flood into Austin, and very little central Austin capacity has been added over the last couple of years. In particular, there remains a shortage of units in downtown Austin and in South Austin — both of which are highly desirable high rent…
News
Austin real estate news combined with editorial and opinion.
Downtown Austin & Snow
Large Rainey Street Lot Under Contract
According to the Downtown Austin Blog, a prime lot between Rainey Street and the Mexican American Cultural Center — just North of River Street — is now under contract and could result in a new retail or residential development. The Rainey Street District — located between the convention center and the lake just west of…
Hike & Bike Trail “Boardwalk” Extension to Proceed
The Austin City Council took an important step to extend the much-loved Hike and Bike Trail surrounding Lady Bird Lake. By authorizing $14.4 million for the trail improvements in the 2010-2011 budget, the City is set to complete the downtown Hike & Bike Trail by building a boardwalk to cover a 1.1 mile trail gap…
Analysis: 2010 Condo Sales Results
The Annual AustinTowers | TOWERS Realty Condo Sales Report2010 Analysis: Downtown Austin Condo Sales Despite the tough economy and weak national mortgage market, 2010 downtown Austin condo sales increased 50% over 2009 results. With 168 downtown Austin condo sales tracked through the Austin Multiple Listing Service (MLS) and with prices just 1% lower than 2009,…
New Renderings for Congress Avenue Boutique Hotel
Last year, we reported the likely addition of a 15-story boutique hotel to Congress Avenue. The proposed boutique hotel was to have 60-70 rooms and would be constructed on Congress between fourth and fifth streets across from the Frost Bank Tower. Now, it appears the building is set go at a much grander scale. Under the…