The shores of Riverside drive on the south side of Ladybird lake are about to undergo a dramatic transformation. Starting next year, four separate developers will begin construction on as many as 3,000 luxury condo and apartment units. With close access to downtown, the South Congress entertainment district, the lake, and the hike and bike…
Introducing Austin’s Municipal Parking Authority
As downtown Austin continues to grow and thrive, it gets harder and harder to find a parking spot. For city planners, there are two ways to view this phenomena: either as a problem or an opportunity. It is clear that parking is becoming a problem: the easier it is to park downtown, the more people…
Huge Downtown Site Slated for Development
Over the last few years, much of Austin’s downtown has been redeveloped — or planned for redevelopment. Whole Foods has transformed an area of car dealers and auto body shops. The second street district transformed a region of old warehouse and industrial buildings. Seaholm power plant has been decommissioned and is now slated for mixed…
Austin Real Estate Market Forcecast
Fortune and Economy.com just released 5-year real estate appreciation predictions for 54 major metropolitan areas. For the analysis, they looked at the likely price increase or decrease for a luxury home that would ell today for twice the local median price. Here is a summary of the results: 1 Cleveland 9.6% 2 Indianapolis 7.4% 3 Detroit…
After 3 Months, Monarch Converts Back to Apartments
In an embarrassing reversal, the Monarch Condominiums has decided to convert from a 100% condo project to a 100% rental project. This follows the projects switch from rental to condo just 3 months ago. At the time of the switch, the condo market was very strong and and the downtown rental market appeared unable to…
New Project: “Zilker Place Condos”
John Wooley, the founder of Schlotsky’s, this week announced plans for Zilker Place Condominiums, a new 74-unit condo development on a prime lot on Barton Springs road adjacent to Zilker Park. With quick access to the park and the hike and bike trail, three 5-story buildings will be constructed on a 2 acre lot that…