After 28 years in business, Hickory Street Bar and Grill at 8th and Congress will close on Saturday as developers move forward with plans to build a much larger building on the prime Congress Avenue Site Hickory Street at 800 CongressAccording to the Statesman, “a developer announced plans in July to replace the restaurant with…
16-Story Apartment Tower to Rise Near Convention Center
The Whitley printing site is one of the last remaining developable half-block sites in downtown Austin. The site is conveniently located in the heart of downtown, just blocks from Congress Ave., the Convention Center, and Lady Bird Lake. Years ago, it was slated to become the 21C Hotel & Condos before that project relocated and…
Redeveloping the East 11th & 12th Street Corridor: A New Master Plan
There is an amazing transformation under way on the 11th and 12th street corridor just East of I-35. Over the last decade, the City has developed a destination gateway connecting East Austin to downtown and the Capital Area. With the development have come businesses such as Blue Dahlia and the legendary Franklin Barbecue which was…
Exclusive: Strong August Sales, But Value Prevails
We’ve updated the AustinTowers | TOWERS Realty Downtown Austin Condo Market Index for August, 2011, and once again, our seasonally neutral 12-month tracking index set a record for the highest average monthly sales. This remains good news for condo owners: liquidity is clearly increasing for inexpensive and recently constructed units. With a monthly average of 16.1 units, average monthly volumes…
Austin Rents Continue to Soar: No Relief in Sight
With strong inbound migration and a vibrant local economy, the Austin rental market continues to strengthen. With no new projects likely for the next year, downtown rents will continue to rapidly increase. According to Axiometrics, a national real estate analytics firm, “Austin ranks as the best market in Texas. The 10.1% annual effective rent growth…
Downtown Austin Secret: Run or Bike to a Sandy Beach
If you run or bike on the downtown hike and bike trails, you’ve likely already discovered the pretty but incomplete loop that circles alongside Ladybird Lake east of I-35 to Pleasant Valley rd and the Longhorn dam. But few people know that a spectacular landscape exists just beyond the dam. Beyond the Longhorn Dam and…