Between Republic Park on fourth street and the new AMLI tower on third street sits a run-down parking lot with a tumultuous history. For many years, the lot has been owned by the Austin Museum of Art (AMOA), a local art institution split between a storefront location on Congress Avenue and a mansion near 35th…
Statesman Article: Why Live Downtown?
The Statesman ran an interesting feature today on the downtown Austin condo market. It looked at many of the intangible benefits of downtown living. It makes the obvious point that downtown living is not for everyone, but that a vibrant urban core enhances the life of everyone.The article summarizes the importance of the current wave…
Forbes: Austin to Lead Nation in Economic Growth
There are a few factors that drive real estate prices higher in a normal market. At the top of the list are the performance of the local economy, job growth, and population growth. While all of this is true in a normal market: today’s real estate market is anything but normal. As many fewer people…
Austin Four Seasons Residences Breaks Ground
After seven years of planning and multiple iterations, the Four Seasons Residences will break ground this week. As we have seen with many of the recent downtown Austin condo projects, they are not truly real until construction begins. Having reached that milestone, the 32-story Michael Graves-designed tower is now expected to open to residents in 2010.With 166 condo…
New Businesses to Open on 2nd Street
The 2nd Street district is quickly becoming the heart of Austin. Even with just one real city-like block, the 2nd street district is full of life and energy — both during the day and during the night.One of the reasons for the success of the 2nd Street district is the centralized leasing strategy which groups…
Austin Towers One Year Anniversary!
This week marks our One year anniversary! Thanks to all of our readers — especially to those who have submitted news and ideas! In our first year, we are thrilled that more than 40,000 people visited Austin Towers including many out-of-state visitors. With more than 120 posts and countless profile updates, we’ve worked hard to…