While the W has been open a for a few months, the prime second street retail space under the ACL Moody Theater has remained boarded up. As the center of second street gravity shifts to the W, the large new retail spot is one of the most valuable in Austin.Now, Urban Outfitters has signed a…
Waller Creek Project to Make Downtown Austin 11% Larger
For many years, downtown Austin visionaries have talked about the potential of Waller Creek and the adjacent floodplain that runs north to south though the East end of downtown. Through a massive tunnel project, work is underway to control the creek and thus remove a contiguous 28 acres from the floodplain, essentially increasing the size…
800 Foot 5th & Congress Super Tower to Return?
According to the Austin Business Journal, Tom Stacy (a veteran Austin developer) and Walton Street Capital (a $12B investment firm) are revitalizing plans for two dramatic downtown buildings on a key downtown block bound 5th and Congress.According to the Report , “Developers are moving forward with plans for two new mixed-use towers and a parking garage…
Exclusive: March Condo Sales Fall, Prices Increase
After a super strong February, downtown Austin condo sales fell 28% in March from the prior year period. Last month, we asked whether strong February sales was a trend or an anomaly. With the data in, it seems that the market has not strengthened from last year. For the first quarter, 33 units were sold…
Exclusive: Building-by-Building Sales Analysis
Tweet We’ve received a few requests for detailed sales statistics by building. In response, we have re-run the 2010 MLS sales numbers to provide a more detailed picture of sales for all of the major condo projects — at least all the projects that had at least two completed sales on MLS. The statistics include the…
26-Story “Congress Sliver Hotel” Approved by City Council
According to the Austin Business Journal, “Austin City Council on Thursday approved special zoning to allow the transformation of a historic Congress Avenue building into a boutique hotel.”Under the new plans, developers will build a 26-story 130 room hotel and restaurant on top of a small 120-year-old Congress Avenue building. The project could begin construction…