If you take the new light rail from downtown, the first stop is at Plaza Saltillo on 5th and Comal just 8 blocks East of I-35. With a thriving bar and restaurant scene evolving on east 6th street and great new public transportation options, it’s no wonder that developers are headed to the area. Plaza…
Travis County to Ruin Republic Square
Over the last decade, the Austin Museum of Art has attempted to build a new downtown museum on the south side of Republic park multiple times. With a prime lot (now a parking lot) between 3rd and 4th street off Guadalupe, the museum aimed to be a cultural anchor for the second street and warehouse…
Downtown Condo Sales Heat Up
According to the Austin Business Journal, sales at the newest downtown condo projects including W, the Austonian, the Four Seasons Residences, and Spring have accelerated in recent weeks with more than 30 closings in October for downtown condos Sales at the five newest downtown condo buildings heated up in recent weeks, showing a continued trend…
The Condo Mortgage Crisis
In the current real estate market, condo sellers need all the buyers that they can find. With mortgage lending requirements still incredibly tight, the pool of available buyers is much smaller than it was just a few years ago. Now, new rules for FHA loans targeted specifically at condos will further limit the options for…
Exclusive: October Downtown Condo Sales
We’ve updated the AustinTowers | TOWERS Realty Downtown Austin Condo Market Index for October, 2010. For the second month in a row, sales volumes fell far below the year ago level. With the sale of two high value units, however, average sales price spiked 28% to $571K. Month Sales Avg. Price $/SF Avg SF Avg Year % Ask ADOM Oct-09…
Hello W Austin!
Tomorrow morning, the W Austin hotel will finally open. The 251 room hotel and many of its key amenities will come to life tomorrow at 11:30AM with the rest of the project to be completed over the next few months. The hotel will open with a limited number of guests with public bookings beginning on…