After a 4-year process, the City Council finally approved a comprehensive master plan for downtown Austin. The plan subdivides downtown — defined as the area between the lake and MLK, I-35 and Lamar — into 9 distinct areas with differentiated development and preservation plans. The plan will guide downtown development for the next 10 years….
Uneasy Coexistance: Music & Residents
Downtown Austin is famous around the world for its live music. Music literally powers the downtown economy. It draws people out at night, conventions to town, and tourists to the City. Not long ago, live music and downtown residences were naturally separated: their were almost no residents in the downtown core. Those who did live…
New AustinTowers Home Page!
Tonight we released a major update to the site — including a completely redesigned home page — which will improve navigation and allow us to intorduce new features. The home page now features all of the projects (in height order) with pictures and roll-over links. The new design will make it easy to navigate between…
Update: Hike & Bike Boardwalk to Close 1.1 Mile Gap on Trail
The Hike and Bike Trail that runs alongside Ladybird Lake in downtown Austin is one of the City’s most-valued recreational areas. 3,000 – 15,000 people use the trails each day to run, walk, bike, or relax. Unfortunately, the trail loop is incomplete: a 1.1 mile gap on the south shore on either side of I-35…
Spring vs 360 Smackdown: Which square foot is worth more???
360 and Spring have so much in common: 40+ story projects that were designed to hit the sweet spot of the market in terms of price and size. Yes, 360 is a few years old and the units have appreciated from a lower original sales price. And yes, Spring hasn’t sold out and some of…
Exclusive: October Condo Sales Set New Records
We’ve updated the AustinTowers | TOWERS Realty Downtown Austin Condo Market Index for October, 2011, and once again, our seasonally neutral 12-month tracking index set three new records. With October sales included, the 12-month index set records for the most sales (16.7/month over the last year), the highest $/SF ($314), and the lowest average days on market (86.2). With no…