For those who feel that the heart of downtown Austin is the aging Green water treatment plant, today is a sad day. After 83 years, the Green plant has been decommissioned as a first step to redevelopment of the prime site just north of Ladybird lake. With the removal of the plant, the City begins…
Higher & Higher: Austonian Keeps Going Up
Each week, 55 truckloads of concrete and 50 tons of structural steel are added to the structure of the Austonian , growing what will be the tallest building in Austin by one more floor. This week, the Austonian hit the half-way point — the 28th floor was poured ad the project continues on its march to…
Mortgage Rates Dropping, Treasury Plan Aims to Push Rates Down, Down, Down
Before the economy entered a total nosedive, the first signs of real estate problems began with the credit crunch and out-of-control mortgage rates. Starting 18 months ago, mortgage rates began to spike — especially for jumbo loans over $417,000. Over the last few weeks, mortgage rates have dropped significantly. While jumbo loans are higher, lending…
State of the Downtown Condo Market
Last week, the Statesman wrote a very strongly worded article suggesting the impending collapse of the downtown condo market. The article was based on the following assertions: – With mortgages tough to get and consumer confidence eroding, it is a tough time to sell real estate– The capital markets are a mess, making it difficult…
How Many Units Exist Today in Downtown Austin?
Local realtor Jude Galligan published a very useful count of known residences in downtown Austin. His analysis counted — building by building — all of the downtown residences he could find. Other than a few Congress Avenue residences and the Johnson family apartment in the Littlefield building, the list is very comprehensive. The list included 35 buildings…
Austintowers.net now also Austintowers.com
With the help of our sponsors, Austintowers.net is pleased to announce that we have purchased and taken control of the domain Austintowers.com. While Austintowers.net will remain our primary address, you’ll be able to find the just as easily by typing the convenient “.com” equivalent!