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…
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…
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…
New Downtown Project: Quorum Lofts
It’s been a while since Austin Towers has had the privilege of announcing and profiling a new downtown Austin condo development. Today, we are pleased to announce that Quorum Lofts , a new capital-area loft conversion project, has been announced with a target completion date of late 2008 or early 2009. The new project will convert a…
Three Downtown Projects Likely Postponed
For a while, 2007 seemed like the year of the downtown Austin condo project. Since last August, however, the market has changed. While most of the projects coming on the market in 2008 are sold out and many of the others are proceeding smoothly, at least three early stage projects for 2009 and beyond seem…