Downtown Austin Blog » Real Estate

Capitol Terrace: An Affordable Housing Development Proposed In Downtown Austin

Jude Galligan — Wed, 01 Feb 2012 15:02:52 +0000

Walter Moreau is a developer with a unique vision. Walter’s vision is to bring housing into downtown Austin for people who earn $15.00 per hour, or less. Say what?! Proposed is a 135 efficiency-style apartment building (for rent) at the southwest corner of 11th & Trinity. The site is currently a surface level parking lot. [...]

Capitol Terrace: An Affordable Housing Development Proposed In Downtown Austin is a post from Jude's Downtown Austin Blog

2011 Recap of Downtown Austin Condo Sales

Jude Galligan — Fri, 20 Jan 2012 12:21:40 +0000

If you were a seller in downtown Austin condo market last year, then you did slightly better than sellers in 2010. If you were a buyer in downtown Austin in 2011, then you were more focused on lifestyle and proximity rather than post-bust discount pricing found in 2008-2009. 2011 was the first year when more downtown Austin condos sold for over $500 per foot than sold for less than 300 per foot.

2011 Recap of Downtown Austin Condo Sales is a post from Jude's Downtown Austin Blog

New Rainey Street Apartment Tower Proposed: The Austin Skyhouse

Jude Galligan — Wed, 11 Jan 2012 00:45:04 +0000

According to an administrative site plan application filed with the city, the Austin Skyhouse is a proposed downtown Austin mixed-use apartment tower at 47 Rainey Street. If built, the tower could deliver 15,000ft of retail and 320 apartments to downtown Austin’s red hot rental market. The ~1.4 acre site, shown below, is directly north of the Legacy apartments (187 units), [...]

New Rainey Street Apartment Tower Proposed: The Austin Skyhouse is a post from Jude's Downtown Austin Blog

DAB EXCLUSIVE: Sales Data From The Austonian, W Hotel Residences, Four Seasons, Spring Condos

Jude Galligan — Mon, 24 Oct 2011 14:53:58 +0000

[Personal update why we've not published data for a while. A couple of months ago, I began work on obtaining sales data from the newly constructed buildings. Not a quick and easy task. However, after several conversations and a leap of faith by everyone involved in assembling the data (thanks!), we've got some REALLY interesting [...]

DAB EXCLUSIVE: Sales Data From The Austonian, W Hotel Residences, Four Seasons, Spring Condos is a post from Jude's Downtown Austin Blog

New Renderings Of Park Plaza Tower

Jude Galligan — Sat, 16 Jul 2011 16:58:23 +0000

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 @ [...]

New Renderings Of Park Plaza Tower is a post from Jude's Downtown Austin Blog

And Then There Were Two

Jude Galligan — Tue, 28 Jun 2011 00:32:45 +0000

A well timed announcement for a 50+story hotel at Red River and Cesar Chavez has shifted the attention away from the Mariott Marquis seeking a waiver of $4MM in development fees. The latest hotel announced by Manchester Texas Financial Group is receiving good reviews for its design, ambition, and potential for embracing the Waller Creek District Master [...]

And Then There Were Two is a post from Jude's Downtown Austin Blog

Downtown Austin Condo Sales Remain Strong In May

Jude Galligan — Tue, 07 Jun 2011 19:33:39 +0000

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 [...]

Downtown Austin Condo Sales Remain Strong In May is a post from Jude's Downtown Austin Blog

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

Jude Galligan — Mon, 09 May 2011 13:29:36 +0000

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 [...]

Downtown Austin Condo Transaction Report For April (And March, Sort Of) is a post from Jude's Downtown Austin Blog

Downtown Austin: Census Data In Perspective

Chris Bradford — Tue, 12 Apr 2011 18:01:31 +0000

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 [...]

Downtown Austin: Census Data In Perspective is a post from Jude's Downtown Austin Blog

Downtown Austin Apartment High Rise To Get A Name Change

Jude Galligan — Tue, 05 Apr 2011 03:19:53 +0000

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. [...]

Downtown Austin Apartment High Rise To Get A Name Change is a post from Jude's Downtown Austin Blog

Seaholm Website Updated With New Renderings

Jude Galligan — Thu, 31 Mar 2011 15:16:22 +0000

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 [...]

Seaholm Website Updated With New Renderings is a post from Jude's Downtown Austin Blog

Whitely Paper Warehouse Under Contract

Jude Galligan — Fri, 25 Mar 2011 01:59:16 +0000

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. Back in 2008, 21c decided to shift gears, reducing the scope of the concept [...]

Whitely Paper Warehouse Under Contract is a post from Jude's Downtown Austin Blog

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

amber gugino — Fri, 18 Mar 2011 17:52:41 +0000

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 [...]

Live (Work, or Play) in Downtown Austin? Join DANA (Downtown Austin Neighborhood Association) is a post from Jude's Downtown Austin Blog

Downtown Austin Condo Sales Show Growth

Jude Galligan — Mon, 07 Mar 2011 15:38:48 +0000

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 [...]

Downtown Austin Condo Sales Show Growth is a post from Jude's Downtown Austin Blog

Progress at 68-74 Rainey Street

Jude Galligan — Fri, 18 Feb 2011 13:44:53 +0000

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 [...]

Progress at 68-74 Rainey Street is a post from Jude's Downtown Austin Blog