As other rental projects reduce rents to lure downtown residents, Gables Residential has announced plans to build a new 20-story apartment tower at the edge of the warehouse district. The site, on the corner at Fourth and Guadalupe, is the current location of the Gingerman pub and the former location of teh Fox and Hound…
Surprising Results From New Downtown Living Survey
The Austin Business Journal is running a survey on its website that asks online readers the following question: “Assuming you’re not one of the thousands moving downtown, why don’t you want to make downtown your home?”While it is not a scientific survey — to say the least — the current results do provide some small…
Hotel Van Zandt Cancels Condo Project
The developer of the 290 room Hotel Van Zandt and the 55 luxury Residences at the Hotel Van Zandt have announced that they are abandoning plans for the condo portion ofthe project. Instead of a 29-story tower with hotel and condos, the developers will proceed with a scaled-back 16-story hotel on the site near the Shore in the southeast corner of downtown….
Austonian Proceeds: To be Tallest Residential Building West of Mississippi
If you a have unlimited resources, downtown living doesn’t get much nicer than the top of the Austonian . With a top-of-the-line 8,000 square foot penthouse priced at more than $8 million in what will be the tallest residential building west of the Mississippi, few projects are as ambitious as the Austonian. At a press conference…
Construction Costs Continue to Rise
As everyone knows, the price of a downtown Austin condo has increased over the last few years. While supply and demand play their usual role, one of the major factors in rising condo prices has been the rising cost of construction.For new condo projects, building costs have increased substantially since 2006. As the cost of…
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