The Austin City Council took an important step to extend the much-loved Hike and Bike Trail surrounding Lady Bird Lake. By authorizing $14.4 million for the trail improvements in the 2010-2011 budget, the City is set to complete the downtown Hike & Bike Trail by building a boardwalk to cover a 1.1 mile trail gap…
Analysis: 2010 Condo Sales Results
The Annual AustinTowers | TOWERS Realty Condo Sales Report2010 Analysis: Downtown Austin Condo SalesDespite the tough economy and weak national mortgage market, 2010 downtown Austin condo sales increased 50% over 2009 results. With 168 downtown Austin condo sales tracked through the Austin Multiple Listing Service (MLS) and with prices just 1% lower than 2009, 2010…
New Renderings for Congress Avenue Boutique Hotel
Last year, we reported the likely addition of a 15-story boutique hotel to Congress Avenue. The proposed boutique hotel was to have 60-70 rooms and would be constructed on Congress between fourth and fifth streets across from the Frost Bank Tower.Now, it appears the building is set go at a much grander scale. Under the new…
Austin Murder Rate Up 68%: No Murders Downtown
There were 37 murders in Austin in 2010 — a 50% increase over 2009 and the highest number of killings since 1997. Fortunately for downtown residents, there were no murders during the year in the downtown area.In fact, there were no murders in the area bounded by 45th street to the north, Ben White to…
New Condo Towers Possible Near Capital
In the dead zone between the Capital and UT, the State is looking at executing a new master plan that would ass a north gateway to the capital as well as a number of new buildings. If the full plan is realized, new condo towers and a new museum would be added alongside Congress Avenue…
Exclusive First Look: 2010 Condo Sales
We’ve just received last years downtown Austin condo sales data and are excited to be able to provide a quick preview of the aggregated full year data. Over the next few weeks, we’ll crunch the numbers and provide deeper analysis including condo sales and values by building for the major downtown Austin projects.In 2010, MLS…