Harold Hunt, a research economist with the Real Estate Center at Texas A&M University, published an interesting profile of the downtown Austin condo market in Tierra Grande. First, the report calculated that “about 1,500 condominiums have been delivered to the downtown market since 2001 . . .To date, nearly 98 percent of those units are sold…
News
Austin real estate news combined with editorial and opinion.
The Four Seasons Residences to Focus on Service
Lorley Musiol, the new Director of Residences at the Four Seasons in Austin, captures an important intangible about downtown condo life when she states that “this is only a building. It’s going to take personality and a staff I’m hand-picking to make that building come to life.” One of the things that is hardest to…
15-Story Downtown Office Tower Proposed
A 15-story office tower with ground floor retail is being proposed for the north east corner of West Cesar Chavez Street and Lamar Boulevard. The new project, to be located between the Gables apartment and Seaholm, would be the first new office project constructed in the downtown core since the Frost Bank tower was completed…
Exclusive: January & February Downtown Condo Sales
We’ve updated the AustinTowers | TOWERS Realty Downtown Austin Condo Market Index for January and February, 2010. With the new results loaded, we are pleased to announce that year-over-year sales volumes have increased for the eighth month in a row. That, however, is where the good news ends. Month Sales Avg. Price $/SF Avg SF Avg Year % Ask ADOM…
Top Art Galleries: New York, San Francisco, 360 Tower
This week, Details magazine published its list of the ten coolest art galleries in America. As would be expected, the list was dominated by galleries in New York (4) and California (3). Less expected was the inclusion of Austin’s own Lora Reynolds Gallery which is located in the base of the 360 tower. The remaining two galleries were located in…
Forbes: Austin Economy Good
According to Forbes.com, the Austin-Round Rock area tied for first on a list of large metropolitan areas where the recession is easing. The report listed Austin and Washington D.C. as the two top cities in terms of economic recovery. The report considered a number of factors including local economic output, job growth and real estate…