Unit owners at downtown Austin’s Brazos Lofts condominiums reportedly signed off last year on a $55 million buyout of the building, and according to information shared with TOWERS by confidential industry sources, the closing and distribution of those funds is anticipated this week in preparation for the site’s eventual redevelopment by its soon-to-be new owners,…
News
Austin real estate news combined with editorial and opinion.
See Inside Natiivo, the Rainey Street District’s ‘Home-Sharing’ Experiment
The “home-sharing” concept of the 33-floor Natiivo tower, now under construction at 48 East Avenue on the edge of downtown Austin’s ever-growing Rainey Street District, will introduce some new forces to the local hospitality and short-term rental market. In fact, if we were advertising the project, the first of its kind in the city, we might describe its potential effects…
The Independent, Austin’s Tallest Tower, Will Soon Light Its Crown
The Independent, a recently-completed downtown Austin condo tower that’s currently the city’s tallest at 58 floors and better known to many as the “Jenga Tower,” is only a few short weeks away from switching on a long-rumored lighting system for the illumination of its crown. In fact, it turns out the actual lights were installed at the top…
A Second Hanover Residential Tower May Bring 41 Floors to Third and Brazos
The 44-story Hanover Republic Square apartment tower is seemingly days away from breaking ground at the corner of West Fifth and Lavaca Streets in downtown Austin, but its developer and namesake the Hanover Company already has another project up its sleeve — a 41-story residential tower planned for a 0.4-acre tract at 205 Brazos Street, also known as…
Here’s 90-92 Rainey, a 53-Story Tower for Downtown’s Fastest-Growing District
Earlier this year saw the announcement of a mixed-use tower in the rapidly-rising Rainey Street District by local developer and Urbanspace CEO Kevin Burns, but since that news broke back in March we haven’t heard much else about the project — described at the time as a hotel, residential, and retail building with 50-odd stories headed for the…
Say ‘Howdy’ to Holly Project, Phase One of an Ambitious East Austin Park Plan
The East Austin park improvement initiative formerly known as Holly Point but now sporting the broader (but slightly less memorable) label of Holly Project represents the first step towards upgrading the large tract of shoreline city parkland on the north banks of Lady Bird Lake commonly referred to as Holly Shores. This area, its size exceeding a whopping 90 acres…