We’ve crunched the numbers and updated the AustinTowers | TOWERS Realty Downtown Austin Condo Market Index fro June, 2009 and the results are amazingly unremarkable. MonthSales Avg. Price$/SFAvg SFAvg Year% AskADOMJun-08 13 $308,927 $300 1,027198298%60 Jun-09 8 $431,738 $292 1,400200087%117 Change
The New Downtown Street Parking Model: Stay Longer, Pay by Credit Card
There is a new street parking model for downtown Austin. New solar powered “pay stations” will soon replace the City of Austin’s 3,800 single space parking meters. One of the most significant changes to customers will be the ability to pay for on-street parking with credit or debit cards, in addition to coins. The first…
904 West: A New Condo Project to Rise on 9th & West
A new low-rise condo project is set to rise on 9th Street and West Avenue. The $8 million development is close to the Nokonah in a corner of downtown that has seen very little condo development. The $8 million project will include 33-units, 9 of which are described as “work/live” units and 22 of which…
Enfield Condos To be Completed After 2-Year Pause
For the last two years, a modern condo project on Enfield between Mopac and Lamar has been sitting idle as the result of a dispute between former designer-builder of the project, QMET Building Co. LLC, and the former owner, Bolter Corp.Now, the bank has foreclosed and, in an unusual move, hired a construction manager to…
25 Bel Air Loft Condo Units to Be Auctioned
A second Austin condo project has announced plans to close out its condo inventory through a one-day auction. Bel Air, an 83-unit condo project that opened on South Congress Avenue more than two years ago, has announced plans to sell the remaining 25 units on August 9. This is the second large condo auction in…
The New Downtown Austin Rental Market
Eleven years ago, if you wanted to live downtown there was really just one choice: the pink Railyard apartments near the convention center. In fact, the Railyard is so close to the convention center that half of the units needed to be knocked down to build the convention center extension. The remaining units are no…