In a surprise move, Constellation Property Group (CPG) of Australia has added a new ultra-high-end project to it’s $200 million condo development. With 18 units starting at 4,000 square feet and priced well above $1 million, Star Luxe is the second phase of CPG’s development just East of I-35. The first phase, Star Riverside , will feature…
Major SoCo Infill Project Announced: New Hotel & Retail to Emerge
Over the last year, commercial brokers have been shopping one of the largest remaining south Congress parcels — a full block across from Vespaio — to a variety of potential commercial tenants. Today, developers announced that the prime site will be developed with a 90-room boutique hotel, ground-floor retail and restaurants, a plaza with the…
A Radical New Plan for Zilker Park Residences
Last November, developers announced plans for 74 units to be developed on the eastern edge of Zilker Park on Barton Springs Road. With units starting at $300K and topping out near $1.3 million, the 3 building project was to sit on the border of the park with direct access to the hike and bike trails….
Development Update: The other 13 Buildings Rising Downtown
Austin Towers focuses on downtown Austin condo development, tracking the top projects currently under construction in the downtown area. As any observer can tell, there are many other downtown projects currently under construction downtown. Whether hotels, dorms, garages, or retail, all of these projects will change the face of downtown Austin Here is a run-down…
The Future of the Austin Condo Market: AustinTowers.net Featured on News 8 Austin
AustinTowers.net editor Paul D’Arcy was featured on a News 8 Austin Story on the state of the downtown Austin Condo market. In the interview, D’Arcy pointed out that many Austinites want to live downtown and that well-conceived projects in prime locations at reasonable prices continue to thrive despite the many challenges facing buyers and developers. Here is the transcript…
Condo Prices by City: How Does Austin Compare?
The National Association of Realtors has released their mid-year analysis of condo values in markets across the U.S. The report shows that Austin has performed well compared to most of the markets around the country. With one year price appreciation of 1.9% and 30-month appreciation of an amazing 27.4%, Austin values have managed to remain…