It’s official: the planned “Fondren Building” (AKA La Vista on Lavaca) — a nine-story residential mixed-use tower consisting of 19 condominiums on the top four floors, a three-floor Executive Business Center, and first floor restaurant — has been abandoned mid-construction by its new owners. As a result, a 9-story concrete shell now sits idle on…
Exclusive: 30 Month Milago Sales Analysis
Over the last 30 months, 344 downtown Austin condos sales have been recorded on the MLS. Of these sales, an amazing 52 have been in the Milago — more sales than any other downtown Austin condo project (360 is #2). Of course, MLS statistics exclude sales that aren’t listed on MLS — including almost all…
Downtown Apartment Market Softening
Over the next year, the central Austin rental apartment vacancy rate is expected to jump significantly from 3.6 percent to 9.4 percent. This negative trend is in stark contrast to what is happening in the rest of the City, where employment growth and migration are reversing the current apartment supply glut. According to market data…
Exclusive: Summer Downtown Condo Sales Stay Strong
We’ve updated the AustinTowers | TOWERS Realty Downtown Austin Condo Market Index for June and July, 2010. With the new results loaded, we are pleased to announce that year-over-year sales volumes have increased for the 13th month in a row. In addition, more expensive units are starting to sell, prices are rising, and average days on market is dropping. The…
Swim! Pictures of Downtown Condo Pools
Ten years ago, if you wanted to live downtown in Austin in a place with a nice pool, your options were slim. Now, most of the new projects feature resort-like pools which are key selling points for the buildings. In the future, nice pools will likely be standard on new Austin condo buildings. As the…
New Profile Posted: 904 West
We’ve updated the AustinTowers downtown Austin new condo guide to include 904 West , a new $8 million low rise project on 9th and West near Whole Foods and the Nokonah.The 33 unit project is a green conversion of solidly built commercial structure. The new condo project is being constructed in phases with the first 7 units complete….