The Downtown Austin Blog is reporting that an amazing 40 units closed in May in the major new construction downtown projects.Here are the reported May closings by building:W Residences: 15 in May (Est. 51 now closed)Barton Place: 12 in May (Est. 90 now closed)Austonian: 4 in May (Est. 60 now closed)Spring: 4 in May (Est. 208 now closed)904…
AISD to Sell Downtown Headquarters
AISD has announced that it is putting it’s 5-building 128,000 square foot downtown headquarters on the market for $32M. The building could easily be converted to commercial and retail use.The headquarters building has long created a void on sixth street where its retail-less ground floor occupies a critical block just west of Lamar. The building…
Top Downtown Austin Condo Projects Report Slow Sales
New data from four of the top five newly constructed downtown condo projects (the Austonian won’t release data) suggests that sales have been remarkably slow over the last six months at W Residences, Four Seasons, and BartonPlace and that many buyers who entered into contracts have failed to close. At BartonPlace, for example, 15 fewer…
54% of Four Seasons Condos Sold
According to the Statesman, the Four Seasons Condominiums has 54% of it’s 148 units sold or under contract.The article reported that:”In a securities filing, Post said that, as of April 29, 68 units had been sold and 11 more were under contract.The 32-story Four Seasons is east of the Four Seasons Hotel on Lady Bird…
Seaholm Becoming Essential Downtown Music, Art, Party Venue
Over the last three weeks, it seems that there has been a different party or event at Seaholm, the decommissioned art deco power plant in the heart of downtown, almost every night. During the innovative Fusebox arts festival, Seaholm was busy as a music and post-event party venue into the early morning hours. With great…
UrbanOutfitters to Open in Prime W Retail Space
While the W has been open a for a few months, the prime second street retail space under the ACL Moody Theater has remained boarded up. As the center of second street gravity shifts to the W, the large new retail spot is one of the most valuable in Austin.Now, Urban Outfitters has signed a…