The City of Austin has more residents than the cities of Boston (although the Austin MSA is smaller than the Boston metropolitan area), Seattle and Nashville. Austin’s central library is 110,000 square feet – 1/5 the size of Boston’s main library, 1/3 of Nashville’s, and 1/5 of Seattle’s. The Austin central library seats 300 people…
Sabine Auction Planned for February
After a tenant lawsuit and a recent foreclosure posting, it looks as if 27 of the 44 long-vacant remaining units in the Sabine are finally headed to auction on February 28th. The Sabine is an 80-unit condo conversion project of a mostly-empty office building on Waller Creek into a new condo project adjoining the Hilton…
21c Austin: Condos Out, Apartments Possible
In December, the 21c team returned to Austin to comment on the Waller Creek plan and to discuss their future intentions for their prime Waller Creek site adjoining Red River and Cesar Chavez downtown.For those of you unfamiliar with the history, the project was originally scoped as a 44-story condo and hotel project on third…
Exclusive: November Condo Sales Volume Strong, Prices Moderate
We’ve updated the AustinTowers | TOWERS Realty Downtown Austin Condo Market Index for November, 2009 and, for the sixth month in a row, MLS sales volumes have increased in comparison to previous year numbers. On a per square foot basis, year-to-date prices are down about 5% over the comparable 2008 numbers.MonthSales Avg. Price$/SFAvg SFAvg Year% AskADOMNov-08 8 $460,973 $322 1,361198993%151…
New 27-Story Condo/Office Project Announced!
For the first time in a very long time, a developer has announced plans to construct a new 27-story downtown condo and office tower. The developer is proposing to build a tower of up to 350 feet on the vacant lot between Whole Foods and Austin City Lofts. The announcement is a clear sign that…
$200M Project Approved for South Shore of Ladybird Lake
The Austin City Council granted final approval for the $200 million Grayco Lakeshore development on the South sure of Ladybird Lake just east of I-35. In exchange for approving the development of the first four buildings, the Council required the developer to contribute $3.1 million to support affordable housing.The massive project will include as many…