The Monarch apartment complex on fifth street was sold to Windsor Communities this week for a price rumored to be just over $100 million. The Monarch has an amazingly complex history for such young building. It was a rental building and then a condo project and then a rental building again. When it first hit…
New 28-Story Hotel Planned for 8th & Congress
According to the Austin Business Journal and the Downtown Austin Blog , a new 28-story hotel is planned for 8th and Congress Avenue. With multiple Congress avenue towers in various stages of planning, this newly-proposed tower is the latest sign that Congress Avenue will likely be dramatically transformed . . . Become a patron to get the full story and gain…
The Downtown Parking Controversy Continues
It’s been an ongoing debate: when should downtown street parking be free and when should the City require payment?For a long time, the City has operated meters from 8:30am – 5:30pm Monday – Friday. In March, the City Council voted to extend these hours to midnight downtown. One of the reasons for the change was…
Exclusive: June Condo Sales Set New Record
We’ve updated the AustinTowers | TOWERS Realty Downtown Austin Condo Market Index for June, 2011. While prices remained flat during the month of June, an amazing 29 downtown Austin Condo sales crossed the MLS. This is a new one month record for our market index. The June results are very interesting, they show renewed market strength at the low end…
Forbes Names Austin #1 Boom Town for the Next 10 years
A Forbes Article ranking “the Next Big Boom Towns In The U.S.” ranked Austin as the #1 best positioned city in the U.S. to “grow and prosper in the coming decade?””To determine the next boom towns in the U.S., Forbes, with the help of Mark Schill at the Praxis Strategy Group, took the 52 largest metro areas…
W Opens Again
The W Austin Hotel has officially reopened its doors. According to a media statement, all guest rooms, the AWAY Spa, and TRACE are now open. Over the last week, 12 two-man repair crews have been working to remove more than 1,000 glass balcony panels and replace them with newly fabricated wood panels. The hotel was…