The neighborhoods with the most character are often historic and central. For this reason, it was probably inevitable that the Historic Rainey Street neighborhood in the heart of downtown would become a very cool district of restaurant and bars. First came Lustre Pearl and Clive. Then, the G’ Raj Mahal Cafe. Now, three more houses…
News
Austin real estate news combined with editorial and opinion.
BartonPlace: 57% Sold
We received an update from the head of sales at BartonPlace. According to the team, the 270 unit 6-story project is now 57% sold. This leaves 116 units left to sell. A couple of readers noticed that a small number of BartonPlace leases were hitting the MLS and asked whether these were being offered by…
New Movie Theater to Open Downtown
One of the things that has been missing from downtown is a full-time first run movie theater. This is about to change in a big way. A new maquis will soon rise on Second Street between BoConcept and Malaga with 4 new theaters taking over the second floor of the AMLI 2 rental tower as…
Strong Job Growth will Help Austin Real Estate Market
Job growth is a requirement for real estate appreciation in a normal market. While this still isn’t a normal market, the latest Central Texas employment numbers provide hope that normalcy may someday return. According to the Texas Workforce Commission, the Austin-San Marcos-Round Rock metropolitan area added 17,300 jobs over the last 12 month period. This…
Exclusive: Strong August but Weaker September Downtown Condo Sales
We’ve updated the AustinTowers | TOWERS Realty Downtown Austin Condo Market Index for August and September, 2010. After 14 months of year-over-year sales gains, sales volumes in September dropped to below their year ago level. Month Sales Avg. Price $/SF Avg SF Avg Year % Ask ADOM Aug-09 14 $252,029 $255 986 1987 93% 57 Aug-10 16 $330,088 $298 1,056…
Seaholm Redevelopment Goes to Council Vote
It was announced in May that Constructive Ventures plans to build 425 new condos in two 400-500 foot towers on an Austin Energy site just West of the 360 condo project downtown. This week, the City council’s draft agenda for the 10/14 meeting includes an agenda item to review the master development agreement for the site….