First Look: The Bowie Apartments in Downtown Austin

First Look: The Bowie Apartments in Downtown Austin

TheBowieApartments1

The heavy lifting at The Bowie Apartments is nearing completion, and we were able to get a sneak peak tour to look at some of the units.

Previously named 3Eleven, a reference to the street address of 311 Bowie, The Bowie Apartments are attempting to raise the bar beyond the previous luxury apartment towers, The Ashton and The Whitley.

What we saw was an exceptional building, with pricing to match: studios starting at around $1550/mo, 1 Beds around $2k/mo.  Two bedrooms begin around $3300, and large three bedrooms plans begin at [gulp] $9100 per month.

 

The Bowie offers 34 different floor plans.  Whole Foods Corporate will have offices on their 8th and 9th floors (which, we are told will have a separate entrance).The Bowie’s interior features & amenities include:

  • Floor to ceiling windows,
  • hardwood floors
  • solar window shades
  • Gas Ranges (we don’t know of a downtown competing class apartment with this offering)
  • Full-size, front-load Washers and Dryers
  • 2 outdoor common area decks (w/fire pits, grilling areas, etc)
  • Rooftop Pool
  • Catering Kitchen / Clubroom / Conference Room
  • Concierge Service
  • Bicycle Storage

The Bowie Apartments will have a heated swimming pool atop their 37th floor, boasting the “the highest pool in Texas!”  We can’t confirm this, but it seems plausible.

What’s really going to set this apartment high-rise apart from others is its prime location: across the street from Whole Foods.  At least until Seaholm is completed, to truly have walkable lifestyle in downtown, there will be a premium for close proximity to Whole Foods.

Competition-wise, The Bowie is likely to go head-to-head with the Ashton, Whitley, the neighboring Monarch, and individual for-lease units at the Spring Condos.  Price wise The Bowie will also be competing with condos for rent at the Four Seasons and W Hotel.

The ground floor of the building will host a restaurant. We are told that there are several inquiries into the space, but no contracts have been signed to occupy the space.

Move ins begin December 15.  If you’re looking to get some info on how The Bowie stacks up to other downtown rentals – just contact us and we can walk you through the details.

-Amber





Downtown Austin Voting Guide

Downtown Austin Voting Guide

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We know you’ve heard this a bajillion-million times, but this year’s election on November 4, 2014,  is VERY important. Particularly for Downtown Austin, as the new 10-1 district system has the potential to really adversely affect policies that support a vibrant and growing downtown.

First things first – when, where, and how to vote:

When

The actual election is November 4, 2014, but EARLY VOTING starts Monday, October 20, 2014, (prompting some discussion between Jude and I as to what the real difference is between early voting and just regular voting).  Early voting runs through Halloween this year.

Where

Early Voting Locations: Oddly, there are no stations officially defined as “Early Voting” stations in downtown proper (weird, huh?) – but there are some MOBILE Voting locations downtown for Early Voting (sheesh – confusing, I know) – here are a few:

  • Mon 10/20/14 THROUGH Fri 10/31/14, 8am-7pm: Mobile Voting Station at ACC Rio Grande (1212 Rio Grande) – no voting station on Sun 10/26, and hours are 9am-6pm on Sat 10/25
  • Tues 10/21/14, 1pm-3pm: Mobile Voting station at Lakeside Senior Center (85 Trinity)
  • Mon 10/27/14 THROUGH Fri 10/31/14, 7am-7pm: Mobile Voting station at Austin City Hall (301 W 2nd)
  • Tues 10/28/14, 8am-5pm: Mobile Voting station at Travis County Commissioner’s Court (700 Lavaca)
  • Wed, 10/29/14 & Thurs 10/30/14, 8am-5pm: Mobile Voting station at HM Sweatt Travis County Courthouse (1000 Guadalupe)
  • Fri, 10/31/14, 8am-5pm: Mobile Voting station at the Sam Houston Building (201 E 14th St)

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On November 4th:

  • Austin City Hall (301 W 2nd) – 7am-7pm
  • ACC Rio Grande (1212 Rio Grande) – 7am-7pm

Here’s a LIST of all the mobile voting locations, sorted by date. For a comprehensive map of ALL Early Voting, Mobile Voting, and Election Day Voting locations – click here.

How

Now, as to the ballot itself – we won’t go into every race, in the interest of everyone’s sanity, but, we will give an overview to  a couple of the downtown-related / pertinent issues:

There’s the General Gubernatorial ballot which has things like US Representatives, State Representatives, Judges, and County offices….

Then, there’s the CITY Ballot which will have some very important races for Downtown on it:

  • For District 9 (the district which includes downtown Austin), we personally support Chris Riley.  The Downtown Austin Neighborhood Association also supports this candidate.
  • For Proposition 1 (the “rail bond”), while there is quite a bit of debate about this bond, we think it’s important to note that the Downtown Austin Neighborhood Association has given $4,000 in funds to the Let’s Go Austin political action committee, who has campaigned to support the bond. The Downtown Austin Alliance and the Austin American Statesman also support Prop 1.

Also, here’s a handy dandy tool you can use to remind your friends to Go Vote!

-Amber

 





Hard Hat Tour Photos of Seven Apartments (née 7 Rio), Scheduled To Open This Winter

Hard Hat Tour Photos of Seven Apartments (née 7 Rio), Scheduled To Open This Winter

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Admittedly, I was one of the disappointed spectators when the original concept, proposed as “7Rio”, was reduced to 23 stories.

Still, for the past 18 months, or so, many of us have been eagerly watching the construction site at the corner of 7th @ Rio Grande.  Earlier this year I speculated that Seven could even “go condo,” but it appears that multi-family development continues to have legs.

Now that downtown Austin’s Seven Apartments is approaching completion, and will be delivering residences this winter, we were invited to take a hard-hat tour of the tower.  This would be a great opportunity to get some insight into a new community that’s about to open in our neighborhood.  I could also start to compare how Seven will compete with existing downtown Austin apartments for rent.

I love taking hard-hat tours.  There’s no better opportunity to see the guts of a building.  For me [and definitely NOT Amber!] riding up the bone-jarring ear-splitting construction elevator adds to the excitement.  Peeking through the elevator’s diamond perforated sheet metal, accepting your fate as it creeps higher, you get a unique sense for how each additional floor impacts your perspective of what’s around you.

Here’s what we know about Seven:
Average Residence Size = 924 sf
Average Price per SqFt = $3.05 per month
Number of floors = 23
Number of residences = 220 (172 1bds, 48 2bds)

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More pictures from the tour after the jump!

[Read more...]





Demolition Begins For Dinerstein Development

Demolition Begins For Dinerstein Development

Southwest corner of East Ave at Driskill

Snapped a pic this afternoon showing that demolition is well under way along East Ave for the 9 tract assemblage which will host a Dinerstein apartment development, expected to be called Millenium Rainey (aka Rainey Center).

Millennium Rainey along Rainey Street

Millennium Rainey along Rainey Street

[Read more...]





The Whitley Apartment Building Is For Sale

The Whitley Apartment Building Is For Sale

Whitley Austin

Downtown Austin’s most recently completed apartment building is for sale according to commercial real estate company CBRE’s website.

The timing is interesting because the Whitley just welcomed its first tenants only a few months ago.  And, we were very excited when Royal Blue Grocery was announced as an anchor bodega-grocery store.

Construction of the Whitley was first announced back in September 2011, and would replace the former Whitley Paper warehouse that occupied a half-block at the northeast corner of 3rd & Brazos Street (just south of the Railyard condos).

Since the building’s completion, they have already achieved 66% occupancy, according to the info on CBRE’s website.   That’s nearly 176 apartments rented in just a few months!!!

Details:
-266 units (66% leased)
-16 stories
-12,000 ft of ground level retail space (100% leased)
-333 structured parking spaces
-Price is to be determined by market

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View of the Whitley from southwest corner of 3rd & Brazos





Families in Downtown Austin Condos

Families in Downtown Austin Condos

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Sometimes when I’m chatting with a peer of mine about where they’d like to live, I ask them if they would consider downtown.  A common response to that question is “Well, I have (or want to have) kids….so….” as though that’s the consideration keeping them from a condo. I guess when people think of the demographic of downtown Austin (and, I guess, downtowns in general), they think that high-rises are for singles, young couples, or empty nesters – most folks don’t feel like condo buildings are places where families do or should dwell.

Well, believe it or not, there are lots of families living in downtown Austin that are bucking the stereotype.  I’ve had the chance of over the last several months to interview a few families living in downtown Austin [Read more...]





Skyhouse Apartments on Rainey

Skyhouse Apartments on Rainey

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If you are looking for a new downtown apartment to rent come late November 2013, Skyhouse Apartments on Rainey Street across from the Milago Condos may be a viable option.

They’ve been on our radar lately, most notably because of the recent announcement confirming that Royal Blue Grocery will be occupying a large part of the ground floor frontage, which will be a HUGE add to the Rainey Street District (we’re excited about the Salvage Pizza, too!).

I personally also think this is an interesting apartment development because Novare and Batson-Cook are building / have built, for all intents and purposes, the EXACT same building (the footprints of the units are a little smaller in the Austin iteration) in two other major southern cities that I’ve lived in – Houston and Atlanta.

Prices for the Skyhouse Austin [Read more...]





DAB EXCLUSIVE: First Look at Broadstone On The Lake (former RunTex store)

DAB EXCLUSIVE: First Look at Broadstone On The Lake (former RunTex store)

Broadstone on the Lake rendering2

Cities evolve.  Few quite as visibly as Austin over the past couple of decades.

We’ve got the first look at what’s coming to the site of the former RunTex store at S. 1st and Riverside Drive.  Demo permits were approved last month, and fencing has been erected around the site.

In its place, a six-story cousin (some might say “clone”) of The Crescent apartments – just down the street – is planned, called “Broadstone on the Lake.” It will feature 119 affordable units and 207 market rate ones, for a grand total of 326 apartments, according to city records.

The building is being designed by Kelly Grossman Architects, who designed the Hill Country Galleria, The Crescent and 404 Rio Grande.

Broadstone on the Lake rendering3

Broadstone on the Lake, Elevation Drawings

I’m not going to lie. While I’m thrilled about packing in some more density into the core, I’m pretty “meh” about the whole faux-urban motif of the design.  Some might say that level of design is better suited for a series of outlet malls in San Marcos.  But, let’s remember that the Broadstone apartment housing brand, much like the Millennium apartment housing brand coming to Rainey Street, is a national chain of apartment complexes, and it is what it is.

Thankfully, The Catherine – a 19-story, $68 million, 300-unit residential tower beginning to be constructed next door – has some design panache.  Formerly nick-named “StreetLights at Barton Springs” that building is next iteration of the Aquaterra condominium project, which fell victim to the lending withdraw of the 2008 recession.

(Also, also… the Hyatt Town Lake is removing a substantial amount of surface parking, and building a seven-story parking garage and ballroom behind the Sherry Matthews building. Austin Towers profiled the development there this past February.)

A note about RunTex

Although RunTex was a tenant and was going to get booted anyway, the poetic tragedy of the demolition coinciding with the apparent troubles of the RunTex business and brand is too dramatic to not mention here.

RunTex was founded 25 years ago, and as a fellow entrepreneur who knows about blood and sweat in pursuit of a dream, I can’t help but feel a twinge of sadness for all the people whose lives are intertwined with the bricks and pavement about to be wiped from the earth there.

It is important, though, to note that I used the word “evolve” in the first sentence of this post.  Change isn’t easy, but the development of the site is a natural and healthy evolution for downtown Austin.





Based on information from the Austin Board of REALTORS ® (alternatively, from ACTRIS) for the period through 10/30/14 11:59 PM PDT. Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. All data is provided “AS IS” and with all faults. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market.

Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

This IDX solution is (c) Diverse Solutions 2014.