For those who feel that the heart of downtown Austin is the aging Green water treatment plant, today is a sad day. After 83 years, the Green plant has been decommissioned as a first step to redevelopment of the prime site just north of Ladybird lake. With the removal of the plant, the City begins…
News
Austin real estate news combined with editorial and opinion.
Mortgage Rates Dropping, Treasury Plan Aims to Push Rates Down, Down, Down
Before the economy entered a total nosedive, the first signs of real estate problems began with the credit crunch and out-of-control mortgage rates. Starting 18 months ago, mortgage rates began to spike — especially for jumbo loans over $417,000. Over the last few weeks, mortgage rates have dropped significantly. While jumbo loans are higher, lending…
La Vista on Lavaca is Back: to Proceed With Construction
La Vista on Lavaca, an eight-story residential mixed-use tower consisting of 19 condominiums on the top four floors, a three-floor Executive Business Center, and first floor restaurant, is set to emerge from its construction freeze after months of inactivity. After running into financial problems, the project was halted during a rare mid-construction freeze. Typically, projects…
BartonPlace Construction Update
Austin Towers checked-in with BartonPlace this week and learned that construction continues to progress on schedule. BartonPlace is a 6-building, 6-story condo project with 270 total units located on Barton Springs Road near Zilker Park.As of this week, the developers have completed the garage structure, courtyard, and first floor of the two southernmost buildings. In mid-November,…
Massive 30-Acre Riverside Development to Proceed
Grayco partners of Houston has been assembling a mammoth parcel of land on Riverside drive — just East of I-35 — for a development that was originally planned to encompass 50 acres, as many as 2,150 apartments and condos, and as much as 450,000 square feet of commercial space. Despite the financial crisis which has…
Original Series on Downtown Austin TV
First there was Austin City Limits. Then came the Real World: Austin. Now there is DOWNTOWN (The all caps effect is actually part of the name). While not widely known, Austin public TV station KLRU produces a great original TV show on life in downtown Austin. The award-winning show, called “DOWNTOWN” promotes itself as covering…