During the first 3 months of this year, 32 units were sold in Spring and the 3 major luxury projects: the Austonian, W Residences, and the Four Seasons. Across all four projects, the average sales price was an amazingly high $952,000. Now, just 221 new condo units remain downtown — almost all in the Austonian,…
Prime Downtown Statesman Site for Sale?
While the newspaper industry continues to struggle, the Austin American Statesman has a very valuable asset: the land under it’s offices and printing facility. The Statesman building sits on one of the most valuable downtown real estate parcels: 18.9 acres of lakefront land on South Congress Avenue across from downtown. The site also boasts a…
Austin: The Fastest Growing City
If it feels like a zillion people are moving to Austin, it is because it is true. A recently published analysis of the rate of migration for the top 40 cities shows that Austin is going at roughly twice the rate of the second fastest city in the U.S. (Tampa). And while Austin is leading…
Two More 50-Story Towers Proposed
It’s starting to feel like 2007 again. It’s been five years since good economic times resulted in a wave of development that resulted in projects such as the Austonian, Four Seasons Residences, the Monarch, and Spring. In 2007, it seems that a new project was announced every couple of weeks. That’s exactly what is happening…
New Development Near 6th & Lamar
Add this to the very long list of planned projects downtown: “A new crop of development is about to sprout up on the western edge of downtown, bringing with it a proposed 493,000 square feet of office space, 70,000 square feet of retail and 370 apartments,” the Austin Business Journal reports. The project includes the…
30-Story Office Tour to Rise in Warehouse District
When it comes to downtown Austin, almost everyone loves the Warehouse district. It’s historic, iconic, and full of life. Its small scale is a nice counterbalance to the surrounding towers. The area, though much smaller than it used to be, is widely known and a common entertainment destination for residents and visitors.So it will be…