Downtown Austin Blog » Real Estate

Fishing Pier Coming to Lady Bird Lake in Rainey Street, Downtown Austin

amber gugino — Wed, 23 May 2012 13:59:53 +0000

The focus is on inclusion. That’s what Nicole Harmon of Core Health Foundation, a non-profit spin-off of Core Health (a for-profit facility focusing on rehabilitation of those suffering with brain injuries), tells me. The project is a fishing pier, located on the northern shore of Lady Bird Lake, just south of the Holiday Inn off [...]

Fishing Pier Coming to Lady Bird Lake in Rainey Street, Downtown Austin

BY THE NUMBERS: Downtown Austin Highrise Sales

Jude Galligan — Thu, 10 May 2012 11:23:40 +0000

In light of the recent Statesman article highlighting new construction sales, I thought this would be a good time to update our trending chart for downtown condos. Combined sales of new construction and resales of downtown Austin condos delivered a seasonally strong 46 transactions representing $26,720,149 total sales volume in March. Currently there are 95 resales and [...]

BY THE NUMBERS: Downtown Austin Highrise Sales

Sutton Company Proposes Towers In Rainey Street District

Jude Galligan — Wed, 18 Apr 2012 14:59:36 +0000

The Statesman broke the story publicly yesterday that the Sutton Company intends to build a multi-tower 40+ story mixed-use project at the north end of the Rainey Street District. The assemblage includes 9-10 lots wrapping Rainey Street, Driskill Street, and East Ave. We’ve mocked-up a footprint of the site (below). The renderings show two point [...]

Sutton Company Proposes Towers In Rainey Street District

2012 Downtown Living Tour – Showcasing Downtown Austin

amber gugino — Sun, 15 Apr 2012 20:55:39 +0000

Next Sunday, April 22, 2012, from 11am-5pm, is the 2012 Downtown Living Tour. The Tour is a showcase of homes located in Downtown Austin, and is put on by the Downtown Austin Neighborhood Association (it’s DANA’s only fundraiser, and helps keep the organization chugging throughout the rest of the year). A portion of proceeds this [...]

2012 Downtown Living Tour – Showcasing Downtown Austin

Virtual Flyover Of The 3rd & Brazos Apartment High Rise

Jude Galligan — Fri, 30 Mar 2012 01:44:20 +0000

Not much info has been released about the design of Riverside Resources’ 20 16-story apartment building under construction at 3rd & Brazos (in the newly monikered Railyard District). The video below is a virtual flyover of the building, and provides more insight into the design. (update: the video settings have been changed to private) Virtual [...]

Virtual Flyover Of The 3rd & Brazos Apartment High Rise

DAB Stats: Downtown Austin Sales

Jude Galligan — Wed, 28 Mar 2012 22:00:51 +0000

February delivered strong numbers for sales of downtown Austin condos. I count nine new construction sales and 14 resales (compared to six and 10 in January respectively). The 14 resales averaged $397 per square foot – the highest monthly average for resales that I can remember. Don’t mistake this for accelerating appreciation, though. Included in [...]

DAB Stats: Downtown Austin Sales

Recent History: An Original Railyard Condos Marketing Flyer

Jude Galligan — Sat, 24 Mar 2012 02:08:24 +0000

This piece of real estate ephemera fell into my hands only a day ago. I didn’t set out to publish two consecutive posts about the Railyard, but this was too interesting not to share! Most of you know the Railyard condos were converted from apartments in the late ’90s. This flyer was intended to lure renters of [...]

Recent History: An Original Railyard Condos Marketing Flyer

Coming Soon: The Changing Face Of The Railyard District

Jude Galligan — Wed, 21 Mar 2012 15:10:02 +0000

Let it be known as the Railyard District, that part of downtown Austin, south of 5th Street and sandwiched between Congress Ave and the Austin Convention Center. You could straddle the convention center and include the area east, around Moonshine, too. It’s an interesting mix of conventioneers and locals, both feeding on chicken and waffles [...]

Coming Soon: The Changing Face Of The Railyard District

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

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

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

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

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

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

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