Archives for July 2012

Banger’s in Rainey Street District Downtown Austin – MENU, Review, Video, Pics

Banger’s in Rainey Street District Downtown Austin – MENU, Review, Video, Pics

Today was the grand opening of Banger’s Sausage House & Beer Garden in the Rainey Street District of Downtown Austin.  Our office at the The Shore Condos is just a stone’s throw away, so we wanted to support one of the most anticipated venues coming to the ‘hood. We went, had a beer and some grub, and really just enjoyed the perfectly chill vibe, despite the crazy, terrible, make-me-want-to-stab-my-eyes-out heat.

Some will say this is Rainey Street’s answer to  [Read more…]

Hotels in Downtown Austin: Girls’ Night at the Omni Downtown

Hotels in Downtown Austin: Girls’ Night at the Omni Downtown

I already live, work, and play in downtown Austin, which means that I know a lot about this area.  However, one element that I’m not really that familiar with is the hotels in downtown Austin.

Recently, I was lucky enough to receive a complimentary stay at the Omni downtown.  I decided to take advantage of the free stay and do a mini stay-cation with a couple of fun girlfriends.  I figured this would be a different way to get to know the city, and have [Read more…]

BY THE NUMBERS (June): Downtown Austin Condo Sales

BY THE NUMBERS (June): Downtown Austin Condo Sales

In June, we observed downtown Austin condo prices averaging $381/ft for resales and $590/ft for new-luxury sales. With no new projects planned, a chunk of downtown Austin’s condo inventory is removed every month.

Pricing in Austin’s urban core continues to trend up for three reasons:

1) Shrinking inventory emboldens sellers
2) Low interest rates – hovering at 3.40% – enticing buyers
3) Migration patterns into Texas, specifically Austin, more specifically downtown Austin

Combined sales of new construction and resales removed 41 units from inventory in June, representing $25,156,400 total sales volume.

Currently, there are 94 resales and 172 new construction units available for sale in the downtown Austin core.

downtown austin condo price trends

June 2012 Resale Statistics

- # of resale transactions = 28
- avg price per foot = $381
- avg sales price to list price (SP/LP) = 91%
- avg days on market (DOM) = 17 days
- Total resales volume =  $12,829,900

June 2012  New Construction Statistics

- # of new construction transactions = 13
- avg price per foot = $590
- Total new construction sales volume =  $12,326,500

Downtown Austin New Construction Closings

ProjectDate of
1st Closing
# of
Closed Units
(Clerk)
# of
Original Units
(TCAD)
% Units
Closed
# of
Remaining Units
Average
# of Days
Per Sale
Trending Completion Date (estimated)
TOTALS29847063%172
Four Seasons ResidencesMay 7, 201010414870%446March 2013
W Hotel ResidencesJanuary 10, 20119715961%624February 2013
The AustonianJune 10, 2010
97163
60%666August 2013
The data was updated on July 1st, 2012. Any closings since then are not reflected. Only deed records counted. Data does not reflect units currently under contract. Deed records for parking spaces and storage units have been removed. Combined units were divided into their respective original units.
The Best Pedicure in Austin (that I’ve had so far….)

The Best Pedicure in Austin (that I’ve had so far….)

This past Sunday, I had the best manicure / pedicure that I’ve ever had.  I had the service at Hiatus Spa + Retreat, a spa concept headquartered in Dallas, but with a location on the ground floor of the Gables on West 5th – just a hop-skip-and-a-jump away from Downtown Austin.

The whole experience there is top-notch from beginning to end, actually – but the actual service is just different enough from the other places that I think it deserves to be called the best.

There are two things that make it different than any other manicure / pedicure I’ve every had.  The first thing is [Read more…]

The ONE & ONLY Way To Activate Downtown Austin Parks On A Regular Basis

The ONE & ONLY Way To Activate Downtown Austin Parks On A Regular Basis

Have you been to any of downtown Austin’s parks recently?

I walk near and around them almost everyday. Yet, they fail to draw me in.

Over the last couple of years, Republic Square Park has received a nice face lift.  Smart people and private money ensured the auction oaks are preserved and cared for.  Add to that good programming such as the Alamo Drafthouse’s Movies in the Park and the Saturday morning farmers market.

Republic Square is doing the best of the downtown parks.  Still, most of the time downtown Austin’s parks are empty.  That’s the unfortunate truth.

And, this is the reason:

During the week (daytime) Republic Square Park offers nothing to attract workers, visitors, or residents. It is neither a conduit nor a destination for most people.

Here’s how we fix it. [Read more…]