The Austonian , a 56-story tower at 2nd and Congress that would become the tallest building in the city, staged an elaborate “ground-breaking” ceremony today to signify the beginning of construction. While the ground-breaking does hold real symbolic value, it did not involve much in the way of construction equipment. For the ceremony, a pile of…
AustinTowers.net Featured on Fox News!
Fox News ran a story tonight on the Austonian ground-breaking and the state of the downtown Austin condo market. AustinTowers.net editor Paul D’Arcy was asked to provide analysis on the current downtown condo market . . . Become a patron to get the full story and gain access to TOWERS’ archive. (Sign-in)
Update: Downtown Condo Sales
We have lots of updates today on the state of sales at the leading downtown projects:- The W Austin Hotel & Residences, which is currently building a sales center at Block 21 in downtown Austin, reports that about three-fourths of the 196 condo units have been reserved with a deposit. Construction of the building will…
Forecasting Downtown Condo Sales
The Statesman ran a comprehensive analysis of the current condo building boom — it was the lead story in today’s paper. As part of the article, they interviewed many experts on the downtown condo market.With the ongoing mortgage crisis, the billion dollar question is how the Austin condo market will fare. The answer: while the…
July Sales: Central Austin Demand & Appreciation Remain Strong
July sales numbers are out and the news is very positive for central Austin. While the number of sales in July decreased for the city as a whole by 2% (even as prices increased 7% citywide) when compared to last year, the story is truly a tale of two cities: inventory is growing in the…
Spring Condo Update: Construction Begins, Sales are Strong
The Spring condos, an attractive 42-story green-colored building just south of Whole Foods, is under construction and selling quickly. According to the marketing center, construction began on July 24th and completion is expected Spring of 2009. As of today, 40% of units have already been sold.We have learned of additional details of the planned project:- 75’…