Developers just announced plans to proceed with a 4-story, 27 unit development on Barton Springs just east of Lamar. The project is a very odd combination of location and pricing that suggests a lack of experience in residential development.Here is the summary from the Statesman: Now called 1155 Barton Springs, the project will consist of…
The Austonian: Crazy Luxury?
Today’s Statesman brought to light new details on the planned 55-story Austonian : The Austonian, the swanky 55-story condo tower planned for Second Street and Congress Avenue, is pulling out the stops on amenities. The bathrooms will have marble walls; the kitchens will have Italian cabinets and built-in cappuccino machines, and 54th floor lounge will have…
How much does it cost to own a condo?
The price of a condo is only one component of the final cost. In addition, you’ll need to think about monthly condo fees, property taxes, utilities, etc. The good news is that the price is relatively fixed: unlike owning a single family house, you won’t need to worry about surprise maintenance projects like a new…
How many downtowns does one city need?
A very unusual $1.5 billion development was announced today — it is a 681 acre multi-use development with a movie and music theme that is being proposed on empty land east of the city, near the new Texas 130 highway. The project includes a 50,000 SF soundstage and recording studio, a 70,000 seat outdoor amphitheater,…
1,000 visitors!
Do Downtown Residents Work Downtown?
One of the big questions has always been whether the people who live downtown also work downtown, making them less dependent on cars. If so, downtown residents may need fewer cars and may become a core constituency for the public transportation system. With traffic an increasing problem, the more people who are able to bike…