In a new report on the Austin housing market, Texas economist Ray Perryman analyzes the future of the downtown Austin condo market. With 40,000 new people moving to Austin each year and fewer than 4,000 downtown units planned over the next 5 years, Perryman believes that the market for downtown condos will remain strong. Perryman’s…
New Downtown Affordable Housing Initiative
As the downtown development boom has driven downtown land and housing prices upwards, the calls have been strengthening for the City to take definitive action on affordable housing o ensure that downtown remains diverse and affordable to as a broad a segment of the population as possible. With the opportunity to control development of a…
BartonPlace Approved by City, To Begin Construction
BartonPlace , a planned 270-unit condo project behind Austin Java on Barton Springs Road, received final city council approval yesterday. According to the developers, the project has taken deposits on approximately 80 of their units with a combined value of $40 million. With decent pre-sales, the project has been able to secure financing for the project…
Another Condo Project in Trouble
Last April, developers announced a 4-story, 27 unit development on Barton Springs just east of Lamar adjacent to the train tracks, McDonalds, and Peter Pan Mini Golf. With pricing starting at $1,000,000, are original reaction was that “the project is a very odd combination of location and pricing that suggests a lack of experience in…
New: Austonian Listings Added to AustinTowers.net
The Austonian is one of the most luxurious and desirable downtown projects currently under development. With an unusually secretive sales process, details on pricing and sales have been hard to come by. Over the last few weeks, many new details have become public as the project has begun to list a small number of unsold units…
New 70-story Condo Tower Planned for Brazos Street
T. Stacy & Associates, the developer of the bold 501 Congress multi-use project, announced a even bigger plan for the prime 5th and Congress site and a new lot that he now controls on Brazos and 5th. The new project — which will cover 1.5 prime downtown blocks – will include an 800 foot hotel and condo…