There are more than 200 Austin vacation rentals currently listed in Austin including units in major downtown Austin condo projects. According to the City, any unit that is rented for fewer than 30 consecutive days and more than $2 / day (Really! $2 / day!) must charge and pay the full hotel tax. Currently, the…
Arthouse Downtown Renovation Featured in Architectural Record
Arthouse, a very cool downtown Arts institution, completed a $4.4 million renovation of it’s prime Congress Avenue gallery & office space in October. In the current issue of Architectural Record — the widest read and most reputable publication for the Architecture trade — the 20,000+ square foot project is recognized and thoroughly documented.According to Architectural…
No More Conventional Mortgages for 23K U.S. Condo Projects
The New York Times is reporting that 23,000 condo buildings are likely to lose FHA lending approval, making it very difficult for condo buyers or owners to receive financing for new units.According to the article, “stellar credit and steady income will go a long way in helping borrowers secure a home mortgage, but they may not be enough…
298 New Apartment Units to Rise on South Lamar
The Austin rental market is very very strong right now. People continue to flood into Austin, and very little central Austin capacity has been added over the last couple of years. In particular, there remains a shortage of units in downtown Austin and in South Austin — both of which are highly desirable high rent…
Downtown Austin & Snow
Large Rainey Street Lot Under Contract
According to the Downtown Austin Blog, a prime lot between Rainey Street and the Mexican American Cultural Center — just North of River Street — is now under contract and could result in a new retail or residential development. The Rainey Street District — located between the convention center and the lake just west of…