Four Seasons update from developer

Just received this update from the Four Seasons Residences.  It pretty much confirms what I’ve been saying about the strength of the downtown Austin condo market – the sky is not falling.

“As we enter 2009, Four Seasons Residences Austin is nearly 50% sold. Understandably, the last quarter of 2008 was slow, but sales activity in 2009 has picked up considerably. In the last week we signed a new contract for a 2,700 square foot residence and have a number of additional contracts in process.”

“Figures for the condominium market in downtown Austin are very encouraging. Of the 800 units delivered in 2008, over 90% have already closed. Furthermore, several planned projects have been put on indefinite hold due to a lack of financing which will reduce the amount of future supply for years to come.”

Today's Downtown Austin link roundup

Photo by KevinFromTexas @ skyscraperpage

Photo by KevinFromTexas @ skyscraperpage

Loft Decor consolidates its retail at the Domain (link)

W-Hotel goes after back up financing (link)

CapMetro working to quiet railroad crossings on it’s 32 mile commuter rail (link)

Urban Transportation Commission Adopts Recommendations for Downtown Austin Plan (link)

Governor’s mansion is one of Texas’s most endangered historic places (link)

DJ Spooky @ Alamo and Mohawk