Anyone driving on I-35, past downtown Austin, has surely noticed the progress construction crews are making on the 257-unit apartment complex, called Eleven, across from the Capitol on the east side of the highway. With all of the apartment construction happening in Austin’s urban core, Eleven hasn’t garnered the same media attention as the downtown high-rise…
There Might Be More To The Capitol Complex Kaibash That Meets The Eye
A lot of Austin enthusiasts and a visionaries let out a collective moan this past week when, at the start of the Texas Legislative Session, lawmakers froze plans to redevelop the Capitol Complex from a glut of blighted surface parking lots and garage structures into an integral part of the emerging world-class, vibrant capital of the…
Travis County pulling the trigger on downtown Austin development
Just before Christmas, the Austin American-Statesman reported that Travis County has more than $1 billion of development planned in downtown. According to the Statesman: “The spending is guided by a master plan looking out to 2035 that calls for keeping some county offices downtown and expanding the space for them as services increase to meet population growth.” Above: Travis County owned block Two months ago, the county closed on its most…
Dayton firm taking a big stake in South Austin
In Austin, we are used to a small share of local landowners controlling a lot of the urban real estate, and increasingly, equity firms based on the coast making buys. Now a mid-western player, Dayton, Ohio’s Connor Group, is making an aggressive play. “We love the SoCo submarket,” the Connor Group’s managing partner Larry Connor…
South Shore Residences Opening in 2013, Retail Center Getting Underway
Anyone who has driven out towards the airport, past the AMLI South Shore apartments on East Riverside, must notice the massive piece of development prepping not far away. That’s where Grayco Partners has started on its 20-acre South Shore development , where three residential developments, totaling 506 units for rent and sale are being built, with a project…
Move Over South Lamar, East Riverside Is The Next Big Thing In Austin Multifamily
The RiverView Austin Apartments, clad with a mix of local brick, stucco, and metal panels, are starting to take shape, and provide a bit of a premonition of what we might see along the much of the E. Riverside strip someday. The 280,000-square-foot, 302-unit RiverView sits on four acres at I-35 and E. Riverside, on…