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 renew…
$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 . . . Become a patron to get the full story and gain access to…
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 Lavaca…
Updated: Building-by-Building Monthly Condo Fees
One of the most common questions asked by first time condo buyers — especially in Austin where the popularity of condos is rapidly on the rise — is how much individual buildings charge in monthly condo fees.Condo fees fund the daily operations and maintenance of most condo buildings. They cover security, landscaping, cleaning of common…
Four Seasons Residences: Austin’s Most Over-the-top Rendering
When buying a condo in a project that is little more than an idea on paper, a hole in the ground, or a stubby concrete shell — it takes some imagination to put real money down. These days, this is the major challenge facing many of the downtown Austin condo sales centers as they try…
Look! Is that a kid in a downtown condo?
With the opening of Milago, the Shore, and 360 over the last year or two, a few more kids have moved into downtown condos with their parents. This is great news for downtown diversity, given that — amazingly enough — almost no kids lived downtown prior to the recent wave of development.In fact, the 2000…