Archives for 2008

New South Congress apt-to-condo conversion

“Austin developer David Kline is transforming a South Congress apartment complex into affordable condos.” In the development world you can build new or convert existing space. Conversions can be far less expensive than building new and developers can therefore offer the condos at a lower price.

link

Post Office – future location

Local developer Taylor Andrews recently updated the Downtown Austin Alliance on the status of the Post Office relo. He announced that the Post Office, currently located at 6th & Guadalupe, will relocate to 9th & Red River – a property the Post Office currently owns. This will make room for the proposed Block 52 development by Novare/Andrews Urban.

post office current site

post office future site

 

January Sales

January dt 1b 5 6 7 ut
sales 5 4 5 6 5 7
high psf 415 285 262 384 281 326
low psf 267 217 198 148 218 214
avg psf 335 238 236 257 242 251
avg dom 73 27 61 75 74 80

December Sales

December dt 1b 5 6 7 ut
sales 11 5 1 6 1 9
high psf 580 518 241 287 224 342
low psf 247 162 241 166 224 194
avg psf 401 276 241 207 224 250
avg dom 65 15 158 38 70 38