According to the Statesman, “the boardwalk trail over and along Lady Bird Lake might cost at least $3.3 million more than estimates released for the 2010 City of Austin bond election that authorized the project. The city received eight bids for the work, all far exceeding the expected cost.” Despite the significant projected cost overrun,…
Aquatic Center, Water Slides, Lazy River Planned Downtown!
There are many downtown proposals that I look at and say: who thinks that is a good idea? And there a few that look interesting and that I hope work out well. The new downtown park proposal for Lamar Beach looks so crazy awesome that all I can say is that I would like for…
Waller Update: 9 Design Teams Selected
The redevelopment of Waller Creek will lead to a wholesale transformation of the East end of downtown. As a massive tunnel diverts floodwaters and removes the area from the floodplain, an independent conservancy is driving bold plans for redevelopment of the area. The first step is a design competition.On Monday, The Waller Creek Conservancy announced…
Exclusive: Full Year Analysis of 2011 Downtown Austin Condo Sales
The Annual AustinTowers | TOWERS Realty Condo Sales Report2011 Analysis: Downtown Austin Condo Sales2011 showed new market strength as volumes, prices, and $/SF rose broadly across the market. With the addition of new, high-end inventory at the W and Austonian, the market saw increased breadth with more sales in mid and high-price bands. Sales were…
New 23-Story Rainey Street Apartment Tower to Rise, Block Neighboring Views
Novare, the developer of 360 and the firm behind the recent acquisition of the downtown post office site, has announced plans for another downtown Austin apartment project. The new 23-story tower will rise in the rapidly transforming Rainey Street neighborhood on a long-narrow site directly east of Milago and north of Legacy on Town Lake. The…
Exclusive: November and December Sales Set New Records!
We’ve updated the AustinTowers | TOWERS Realty Downtown Austin Condo Market Index for November and December, 2011, and our seasonally neutral 12-month tracking index set four new records in each of the two months. With November and December sales included, the 12-month tracking index set records for the highest $/square foot ($329), average sales price ($388,157), and % of list…