Over the last few months, the City has been floating a proposal that would achieve one of Austin’s most important urban planning goals: filling the 1.2 mile gap in the 10.1 mile hike and bike trail around Lady Bird Lake. While land owners along the 1.2 mile stretch of the lake have objected, the City…
Keeping up with AustinTowers
For our thousands of frequent readers, there are more ways than ever to keep up with the News on AustinTowers! If you have a Twitter account, you can follow us at http://twitter.com/austintowers . We regularly use twitter to send flash news updates, check the validity of rumors, and pass on market insights from experts that we…
Austin May Eliminate Downtown Meters! (there’s a catch)
Good news! The City of Austin is considering eliminating 3,800 single space parking meters! The only downside is that they plan to replace the 3,800 meters with 750 whole block “pay station kiosks” that will make you walk down the block to figure out how to use a complex machine to print a ticket to…
On Sale! Bridges on the Park Now 20% Off?
In a highly unusual strategy, Bridges on the Park has announced a “March Sale” in which they have reduced unit prices by 20%. With the reduction, prices start under $300,000 for a 1 bedroom 1 bath unit and under $400,000 for a 1,349 square foot 2/2 unit. The pricing reduction shifted the price per square foot from $350-$430/SF to…
Everyone Agrees: The January Real Estate Uptick
In conversations with realtors and developers who focus on downtown Austin, everyone agrees that the last few months have been really tough. Ever since the fall economic collapse, the downtown real estate market has essentially ground to a halt. Surprisingly enough, everyone also seems to agree that there was a noticeable uptick in January. While…
Spring: The View from 41
Tonight, Spring hosted hundreds for a special party on the 41st floor of the newly formed tower. After a shaky ride in a 20-person exterior construction elevator, visitors were treated to some of the highest views in Austin from a vantage point that has never before existed. The views were amazing. Most notable was the ability…