Another downtown Austin condo building has begun it’s unstoppable climb to the sky. Over the last few weeks, construction has begun on the Spring condo development in the Austin Market District, just south of Whole Foods. The $70 million project will be 42-stories high. The 260-unit project at 3rd & Bowie will have units starting in the…
Site Update: 3 New Profiles Added!
As new downtown Austin condo projects are announced, we add them to AustinTowers. Over the last week we’ve added three full new profiles for recently announced projects. This brings the total number of projects covered by AustinTowers to 36! The new profiles are: Nokonah Brown Building Brazos Lofts And of course, they can all be found in either the Austin Condo Guide or…
Waller Creek Project: An Important Investment in Downtown Infrastructure
In 1981, massive amounts of rain caused deadly and damaging flooding on Shoal Creek. According to experts, a similar flood could occur today on Waller Creek which passes through downtown just West of I-35. If this were to happen, there could be significant damage across more than 1 million square feet of prime downtown real…
Downtown Marriott: 31 floors, 1,000+ Rooms
New plans were announced today for the most controversial project in downtown Austin: the 1,000+ room $250 million Marriott superplex on 2nd and Congress. The project, best known for displacing La Manitas, has been reconfigured to include higher-end brand hotels and fewer, taller “buildings”. As far as we can tell, the 31-story project still does…
The Strong Austin Home Market
Interest rates keep going up. Sub-prime lending has been cut back. The rest of the country is watching housing values drop. In Austin, however, it’s a very different story. May real estate statistics were released today and the numbers show a surprisingly strong market. According to the Office of Federal Housing Enterprise Oversight, housing prices…
The Million Dollar Austin Condo Market
How big is the market for million dollar condos in downtown Austin? Developers are betting that hundreds of buyers are willing to invest $1 million or more on high end units in projects like the Austonian , 21 c, the Four Seasons Residences , and in the condos at the W hotel . To get a sense for the competition for million…