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…
Add AustinTowers.net to your Google Start Page!
As always, if you use Google for search, we’ve made it easy to add our news feed to your google home page. Simply click on the “Add to Google” button on the right and you will be directed to Google to create an iGoogle search page like the one below, to add AustinTowers to an…
Austin Downtown Rental Glut?
During the last decade, the Austin apartment rental market has been the jewel of Texas. With rapid population growth and an affluent market, rents continued to rise year after year as new units hit the market. This is quickly changing. Over the last couple of months, the AMLI apartments downtown have been offering tenants who…
$50 Million Downtown Condo Project Cancelled
First, AquaTerra was cancelled. Then the Monarch converted from condos to rental units. 1155 Barton Springs was indefinitely postponed. Now, the Metropolitan has decided to throw in the towel and shut down prior to construction. The Metropolitan was conceptualized as a $50m 8 floor condo project on 11th Street near the Capital. With units priced from $250k to $1 million, the 84…
Hasta La Vista: La Vista on Lavaca?
La Vista on Lavaca, an eight-story residential mixed-use tower consisting of 19 condominiums on the top four floors, a three-floor Executive Business Center, and first floor restaurant, seems to have halted construction mid-way throught the process. The project was being developed by Guerrero-McDonald. While outside of the downtown focus of this site, La Vista on…