We’ve updated the AustinTowers | TOWERS Realty Downtown Austin Condo Market Index for August and September, 2010. After 14 months of year-over-year sales gains, sales volumes in September dropped to below their year ago level. Month Sales Avg. Price $/SF Avg SF Avg Year % Ask ADOM Aug-09 14 $252,029 $255 986 1987 93% 57 Aug-10 16 $330,088 $298 1,056…
Seaholm Redevelopment Goes to Council Vote
It was announced in May that Constructive Ventures plans to build 425 new condos in two 400-500 foot towers on an Austin Energy site just West of the 360 condo project downtown. This week, the City council’s draft agenda for the 10/14 meeting includes an agenda item to review the master development agreement for the site….
Updated: Building-by-Building Monthly Condo Fees
Condo fees fund the daily operations and maintenance of most condo buildings. They cover security, landscaping, cleaning of common area, common area energy use, maintenance, and other key building functions. In addition — and this is very important — a portion of condo fees are held by the building as reserves to fund major maintenance…
389 of 736 Units Sold So Far in Spring, W, Austonian, and Four Seasons
There are four downtown buildings — Spring, the Four Seasons Residences , the Austonian , and the W — where you can still find new condo units (+ BartonPlace which is just across the lake). When these buildings are sold out, it will be a long time before new downtown Austin condo inventory appears. Today, the Statesman reported previously unpublished data on current…
WSJ: Shanghai or Austin, Who’s Sexier?
The Wall Street Journal’s China Daily published a very unscholarly analysis of two cities recently recognized for their sexiness in comparison to their national peers. In the U.S.A., Austin received top honors. In China, Shanghai was on top. Having just returned from Shanghai, it is an amazing place — a super modern city of just under…
La Vista on Lavaca: The New Intel Shell
It’s official: the planned “Fondren Building” (AKA La Vista on Lavaca) — a nine-story residential mixed-use tower consisting of 19 condominiums on the top four floors, a three-floor Executive Business Center, and first floor restaurant — has been abandoned mid-construction by its new owners. As a result, a 9-story concrete shell now sits idle on…