In an embarrassing reversal, the Monarch Condominiums has decided to convert from a 100% condo project to a 100% rental project. This follows the projects switch from rental to condo just 3 months ago.At the time of the switch, the condo market was very strong and and the downtown rental market appeared unable to support…
News
Austin real estate news combined with editorial and opinion.
Major Downtown Condo Project On Hold?
Rumors have been circling for months that AquaTerra, a 163 unit 20-story project planned for Barton Springs road between Congress Avenue and south First street, has been having trouble getting off the ground. In fact, the building was supposed to be complete by 2008 — yet construction hasn’t even broken ground.While we have not received…
City Approves Plan for Second Downtown
The Austin City Council today approved the first phase of a plan to create a second “downtown” urban center in the region of north Austin near Braker and Mopac — essentially the area surrounding the domain. As we have reported in the past, between now and 2015, one developer alone plans to build 50 new…
Second Austin Downtown at Domain by 2035
As we have reported in the past, developers and the city have announced ambitious plans for the second phase of the Domain: the new mini-city rising off Mopac just north of 183. Between now and 2015, one developer alone plans to build 50, yes FIFTY, new buildings with heights ranging from 2-26 stories (as tall…
Riverside Condo Proposal Rejected by Planning Commission
When it comes to Austin condo zoning, there is one holy grail: there will be no exceptions to the current zoning rules which prohibit new construction within 200 feet of the shore of Lady Bird Lake. This simple rule, however, made for a difficult decision for the Planning Commission and the City Council.CWS Capital Partners…
Downtown Condo Tour This Sunday
The Downtown Austin Neighborhood Association (DANA) is holding its 4th Annual Downtown Living Tour Sunday, September 30th, from noon to 5 pm. The event, which typically attracts more than 1,000 visitors, showcases homes and the benefits of living in downtown Austin. This year’s tour will feature a combination of existing residences, units in new buildings,…