After a tenant lawsuit and a recent foreclosure posting, it looks as if 27 of the 44 long-vacant remaining units in the Sabine are finally headed to auction on February 28th. The Sabine is an 80-unit condo conversion project of a mostly-empty office building on Waller Creek into a new condo project adjoining the Hilton…
News
Austin real estate news combined with editorial and opinion.
21c Austin: Condos Out, Apartments Possible
In December, the 21c team returned to Austin to comment on the Waller Creek plan and to discuss their future intentions for their prime Waller Creek site adjoining Red River and Cesar Chavez downtown. For those of you unfamiliar with the history, the project was originally scoped as a 44-story condo and hotel project on…
New 27-Story Condo/Office Project Announced!
For the first time in a very long time, a developer has announced plans to construct a new 27-story downtown condo and office tower. The developer is proposing to build a tower of up to 350 feet on the vacant lot between Whole Foods and Austin City Lofts. The announcement is a clear sign that…
$200M Project Approved for South Shore of Ladybird Lake
The Austin City Council granted final approval for the $200 million Grayco Lakeshore development on the South sure of Ladybird Lake just east of I-35. In exchange for approving the development of the first four buildings, the Council required the developer to contribute $3.1 million to support affordable housing. The massive project will include as…
Sabine & Star Riverside Posted for Foreclosure
Two troubled downtown condo projects — Sabine & Star Riverside — have run into financial problems and been posted for foreclosure. The failure of these projects is a combination of market conditions and their own troubled history. The Sabine is a troubled 10-story office building conversion project at Sabine and West Fifth streets that was completed in 2007….
Austin: #1 For Being Ranked on Lists
Austin is no longer a well-kept secret. It seems that hardly a week goes by where Austin does make a list of the top places to live or work or bike or to be indoors or to be outdoors or just about anything else that can be listed. So, thanks to Sam Thacker who created…