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…
Project Updates: Spring, Four Seasons, 360
In spite of the difficult economy, the major downtown Austin condo projects continue to move toward completion. Lots of news updates this week: – Tomorrow, Spring will celebrate its topping off. The 42-story building on 3rd and Bowie just east of Lamar has reached the top and is on track for completion in July. The 246…
The New AustinTowers | REATX Downtown Condo Market Index
AustinTowers is very pleased to announce one of the biggest enhancements to the site: up-to-date information on downtown Austin condo sales and inventory. The AustinTowers | TOWERS Realty Downtown Austin Condo Market Index provides a month-by-month snapshot of the strength of the downtown Austin condo market. The index includes three components which will be updated each month: – The Monthly…
January, 2009 Downtown Condo Sales
Below are the results from January, 2009 : Month Sales Avg. Price $/SF Avg SF Avg Year % Ask ADOM Jan-08 5 $384,600 $315 1,172 1991 93% 73 Jan-09 4 $358,225 $321 1,129 1996 93% 85 Change -20% -7% 2% -4% 5.00 -1% 16% While 4 units is a small number no matter how you…
W Hotel & Residences . . . . & Offices?
According to the developers, plans for Block 21 — the large second street development featuring the W Hotel & Residences — have been revised to include 35,000 feet of office space. Assuming that the size of the project remains the same, office space will account for about 3.5% of the planned one million square foot…
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