Earlier this year, the 44-story 360 condo project opened with most of it’s 430 units sold out. A small number of owners held special investor deeds which allowed them to freely rent their units. Now, 20 units have hit the rental market with monthly rents ranging from $1,550 to $3,200. 20 units is a lot of…
Is Downtown Austin Overbuilt: Understanding Austin Condo Supply & Demand
The national real estate markets are a mess. The economy is in recession, credit is very tight, jumbo rates remain high. While the Austin market has stayed alive — and actually thrived compared to the rest of the country — it is a very tough time to be selling real estate. In this market, it…
New Zilker Park Residences Renderings
Zilker Park Residences, the high-end condo and boutique hotel project on the edge of Zilker park has released a series of renderings which illustrate the design and site plan for the project. Zilker Park Residences will be a 40-unit high-end development with condos ranging in size from a large 1,515 square foot one bedroom to…
AMOA Tower Cancelled
Less than a year ago, the Austin Museum of Art announced a new project which would combine an 40,000 square foot museum facility with an adjacent 425,000 feet of commercial office space in a new 465,000 square foot project on the AMOA-owned site adjacent to Republic Square Park in the center of downtown Austin. Yesterday,…
New Year’s Eve: 100,000 People Expected Downtown
Austin’s First Night New Year’s Eve celebration is expected to draw 100,000 people downtown for a full day and evening of activities celebrating the arts in Austin. Starting at 3 pm and stretching until fireworks ring in the new year, First Night is Austin’s biggest party of the year. For Austin residents who long for…
Las Manitas Quickly Demolished
No downtown Austin project is more controversial than the mammoth Marriott complex between 2nd and 3rd between Congress and Brazos. The massive and thoroughly unispiring project has many enemies across the city for many reasons. First, the project is large and architecturally mediocre. Second, the project lacks a plan to extend the retail streetscape on…