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…
Betting on a Project: The Pre-Construction Purchase Process
If you are interested in living in a downtown condo, the best buying opportunities are often during the “Pre-Construction” process. Before a project has funding, the developer must fill at least 50% of the proposed units with prospective buyers. To do this, they often offer discounts and other incentives to draw in buyers. Those that…
Inside 360: The Amenities Deck
When it comes to downtown Austin condos, the biggest news of 2008 is the recent opening of 360 . With the opening, residents have begun to occupy the 430 sold-out units in the 44-story condo tower. In many ways, the heart do the 360 project is the 9th floor amenity deck: the social center of 360…
It’s Back: 800 West Applies for Height Variance
Last September , Fortis Development proposed a 250-foot, 200-unit, 25-story tower on 8th street and West Avenue near downtown. Since the area is currently zoned for buildings no taller than 60 feet, the project required a zoning variance or zoning change. This week, the developers continued to press their case to the ciry for the zoning…
Trammell Crow to Develop 6 Acre Downtown Site
Today, the City of Austin offically selected Trammell Crow, Constructive Ventures, and USAA toredevelop the six acre Green Water Treatment Plant site into a dense multi-use extention of downtown. As part of the deal, the development team will pay the city $57.9 million for the right to develeop the prime site. With the developer selected…
Star Riverside Begins Construction
Star Riverside , a four building condo complex on Riverside Drive just east of I-35, has officially commenced construction on the first 2 buildings. In this first phase, two 6-story lake front buildings will contain 64 large mostly 3/3 units ranging from 1,500 to more than 2,500 square feet with prices starting at $600k. The first two…