Last month, 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 over by a very large…
News
Austin real estate news combined with editorial and opinion.
Shhhh! New Congress Tower Planned
According to city records, the owners of three vacant historic buildings on Congress Avenue between 9th and 10th street are planning to build a 16-story, 88,000 square foot office tower on the site. If successful, the project would commence construction in 2011 and open by Summer 2012. According to a statement by Tucker Lynch, a…
1155 Barton Springs Condo Project Files for Bankruptcy
In April of 2008, developers announced a 4-story, 27 unit development on Barton Springs just east of Lamar adjacent to the train tracks, McDonalds, and Peter Pan Mini Golf. With pricing starting at $1,000,000, our original reaction was that “the project is a very odd combination of location and pricing that suggests a lack of…
Austonian, Four Seasons Prepare to Open
In downtown Austin, there are two classes of new condo projects. There are upscale projects like 360 , Austin City Lofts , Milago , and the Nokonah . About a dozen of these projects have been completed over the decade and almost all are sold out at this point. Only Spring still has new units left to sell. These projects have sold…
The Future of Downtown Austin: A Visual Tour of the Downtown Austin Plan
This evening, the City of Austin hosted a town hall meeting to review the Downtown Austin Plan — the draft master plan for downtown Austin. The purpose of the plan is to create a vision — and policy framework — for a vibrant downtown that becomes the region’s core for work, play, shopping, and living….
New Hotel Planned for Congress Ave!
For those who are counting, this is the fifth new downtown Austin tower announced in the last two weeks. Today’s newly announced project is a 15-story boutique hotel with 60-70 rooms. It will be constructed on Congress Avenue between fourth and fifth streets across from the Frost Bank Tower. The new hotel will be located…