As downtown Austin continues to grow and thrive, it gets harder and harder to find a parking spot. For city planners, there are two ways to view this phenomena: either as a problem or an opportunity. It is clear that parking is becoming a problem: the easier it is to park downtown, the more people…
News
Austin real estate news combined with editorial and opinion.
Huge Downtown Site Slated for Development
Over the last few years, much of Austin’s downtown has been redeveloped — or planned for redevelopment. Whole Foods has transformed an area of car dealers and auto body shops. The second street district transformed a region of old warehouse and industrial buildings. Seaholm power plant has been decommissioned and is now slated for mixed…
After 3 Months, Monarch Converts Back to Apartments
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…
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…
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…