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New Renderings Of Park Plaza Tower

by | July 16, 2011 |17 Comments
park plaza austin ziegler cooper plat

Architect Ziegler Cooper has posted new renderings of Gables Park Plaza’s nascent mixed-use neighbor. Site plan approval from the city has been extended through February of 2012.

Near the intersection of Cesar Chavez and Lamar, back in the day this site was home to Cedar Door (910 Cesar Chavez) which was moved to Brazos @ 2nd.

I like the design. It successfully handles a few site specific challenges, notably a Capitol View Corridor and train track. Thanks to downtown resident Mitchell McGovern for the heads up! Pics after the jump…

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Filed Under: austin apartments, austin condos, downtown austin, Downtown Austin Districts, Downtown Austin lofts, condos, apartments, Real Estate, Seaholm District

Downtown Austin Condo Sales Remain Strong In May

by | June 7, 2011 |Leave a Comment
downtown austin condo closings may

For the first time since the bubble burst, the average price per square foot of a downtown Austin condo has increased four months in a row. Last month, downtown Austin closed 62 condos* with 29 more pending!

Highlights

In May, we counted 41 closings of new-construction condos from the Four Seasons Residences, W Hotel, Austonian, Spring Condos, and Barton Place.  The W takes the cake with 15 closings in May.

On the other hand, the number of resales comes in at 21 units closed – a strong showing – averaging a price of $334 per square foot. We also count 29 resales pending as of May 31st!  So, we can expect next month’s closing count to be similarly strong.

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Filed Under: austin condos, Austin Data & Statistics, DAB Stats, data, statistics, downtown austin, Downtown Austin lofts, condos, apartments

Downtown Austin Condo Transaction Report For April (And March, Sort Of)

by | May 9, 2011 |Leave a Comment
march data

In April, I didn’t publish a transaction summary covering March’s downtown deals.

I had assembled all the info, drafted the post, and it was ready to publish.  Some of you noticed that I never got around to posting it, and I’m sorry for not getting it out there (here’s to you John K.).

Jude, why u no post March data?

First and fortunately, I was at the tipping point of having more business than I could handle.  Springtime is always busy for me.  Combine that with opening the RE/MAX Downtown Austin office and I got distracted, operating on little sleep.

Secondly, I couldn’t come up with a headline for March!  March’s data didn’t seem to have a compelling story.  March’s data seemed too predictable.  That spooked me – what was I going to write about?  DAB readers have built up filters to exaggerated headlines, but readers do expect a story.  You should expect some insight.  What’s the story?

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Filed Under: austin condos, Austin Data & Statistics, austin lofts, austin towers and high rises, DAB Stats, data, statistics, downtown austin, Downtown Austin lofts, condos, apartments

Downtown Austin: Census Data In Perspective

by | April 12, 2011 |4 Comments
2010 downtown austin census blocks

Anyone who knows what a construction crane looks like knows that downtown Austin experienced phenomenal growth between 2000 and 2010. The 2010 Census confirms what we could see: Census tract 11 (which includes the CBD and Rainey Street) more than doubled in population, from 2,386 to 5,512. And that excludes dense developments that most would consider part of “downtown,” including Gables Park Plaza, the Monarch, Spring and Nokonah, all within Census tract 12. Add these and Downtown’s growth was even more impressive. [Read more...]

Filed Under: Austin Data & Statistics, DAB Stats, data, statistics, Downtown Austin lofts, condos, apartments, Real Estate Tagged With:

Downtown Austin Apartment High Rise To Get A Name Change

by | April 4, 2011 |3 Comments
windsor-on-the-lake

Downtown Austin Blog has learned that the Legacy On The Lake apartment high rise will undergo rebranding as “Windsor On The Lake”, or to something similar.  Windsor Communities has purchased a controlling interest in the Rainey Street tower from Legacy Partners, and within the next couple of weeks we should expect to see new signage. Completed in 2008, Legacy On The Lake is a 187 unit LEED certified building.

Filed Under: austin apartments, Downtown Austin lofts, condos, apartments, Rainey Street District Tagged With: ,

Seaholm Website Updated With New Renderings

by | March 31, 2011 |3 Comments
seaholm aerial feb 2011

The latest aerial perspective rendering of Downtown Austin’s Seaholm redevelopment hints at a 27 story building.  Admittedly, this has been off my radar for a little while. The project design has gone through multiple iterations but is still expected to host residential condos for sale in addition to a hotel and retail.  I’m pretty enamored with the latest design.  It shows a variety of uses, building heights, and a great park-like lawn.   [Read more...]

Filed Under: austin condos, downtown austin, Downtown Austin lofts, condos, apartments, Seaholm District Tagged With:

Whitely Paper Warehouse Under Contract

by | March 24, 2011 |Leave a Comment
riverside resources 3rd & brazos

The Statesman is reporting that Riverside Resources has contracted to purchase the Whitely Paper site in downtown Austin’s Railyard district. You might recall 21c Museum Residences was planned for the half-block that fronts 3rd Street, between Brazos and San Jacinto Streets. [Read more...]

Filed Under: development, downtown austin, Downtown Austin lofts, condos, apartments, Real Estate

Live (Work, or Play) in Downtown Austin? Join DANA (Downtown Austin Neighborhood Association)

by | March 18, 2011 |Leave a Comment
41787_58718931796_5749011_n

Jude and I are both on the board of the Downtown Austin Neighborhood Association (DANA) – a grassroots community organization dedicated to improving the lives of those who live, work, and / or play in the Downtown Austin Community. It’s an organization that we believe in, and an organization that is affecting positive change in our community.

For our readers who are downtown residents (or, who spend a significant amount of time downtown for work or for pleasure), I urge you to become a member of the organization.

A little info: [Read more...]

Filed Under: austin condos, austin lifestyle, austin neighborhoods, austin news, austin parks, austin recreation, austin small business, development, downtown austin, Downtown Austin Districts, Downtown Austin lofts, condos, apartments, high rises, life, life in austin, miscellaneous, small business, urban family, urban planning

Downtown Austin Condo Sales Show Growth

by | March 7, 2011 |Leave a Comment
chart-upward

Downtown Austin condo sales continue to reflect strong fundamentals as resale data from February shows increases year-to-year, and from month-to-month.

I’m continuing to tinker with some new statistics, including the effect of the average age of square footage sold. Values of downtown Austin condos tend to be highly correlated with age. This “age/area” metric is useful when comparing monthly data, and I can quickly tell if the data set is skewed towards older or new buildings.  In February, the [Read more...]

Filed Under: DAB Stats, data, statistics, downtown austin, Downtown Austin lofts, condos, apartments

Progress at 68-74 Rainey Street

by | February 18, 2011 |5 Comments
68-74 rainey street geotechnical

A couple of weeks ago we discovered this Rainey Street development site was placed under contract.  Asking price was $2.4MM for the 0.57-acre parcel (24,840ft) assembled from three contiguous single family lots.

Thanks to a tip from Downtown Austin Blog reader Austin Talley [Austin is a rare downtown resident who owns and lives in a single family home in the Rainey Street neighborhood] there appears to be geotechnical survey truck on the 68-74 Rainey Street property today taking core samples.

Austin, who is an engineer, shared with us “… geotechnical engineering studies are primarily done to investigate subsurface conditions to assist with engineering design for a large scale building or other large projects. The previous times I saw a geotechnical truck in the Rainey area the Legacy, Shore, and Milago were later built on the sites. It is likely [Read more...]

Filed Under: downtown austin, Downtown Austin lofts, condos, apartments, Rainey Street District
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