BartonPlace , a planned 270-unit condo project behind Austin Java on Barton Springs Road, received final city council approval yesterday. According to the developers, the project has taken deposits on approximately 80 of their units with a combined value of $40 million. With decent pre-sales, the project has been able to secure financing for the project…
News
Austin real estate news combined with editorial and opinion.
New AMOA Tower Soon to be Announced
Between Republic Park on fourth street and the new AMLI tower on third street sits a run-down parking lot with a tumultuous history. For many years, the lot has been owned by the Austin Museum of Art (AMOA), a local art institution split between a storefront location on Congress Avenue and a mansion near 35th…
New Businesses to Open on 2nd Street
The 2nd Street district is quickly becoming the heart of Austin. Even with just one real city-like block, the 2nd street district is full of life and energy — both during the day and during the night. One of the reasons for the success of the 2nd Street district is the centralized leasing strategy which…
Three Downtown Projects Likely Postponed
For a while, 2007 seemed like the year of the downtown Austin condo project. Since last August, however, the market has changed. While most of the projects coming on the market in 2008 are sold out and many of the others are proceeding smoothly, at least three early stage projects for 2009 and beyond seem…
The Most Controversial Project: Version 3.0
The Congress Avenue Marriott — a 1,000 room hotel complex on 2nd and Congress avenue — is the most controversial, and one of the least popular downtown projects. The project is best known for displacing Las Manitas and other local businesses. While the full details of the current plan are not known, the last two…
The Austin Parking Enterprise has Arrived
As expected, the Austin City Council has cleared the way for creation of a municipal parking authority that will build and operate for-profit parking structures in downtown and other high-density regions of the city. Proceeds from the garages will be used t support the hike and bike trails, bicycle lanes, and other alternative transportation projects….