“Austin developer David Kline is transforming a South Congress apartment complex into affordable condos.” In the development world you can build new or convert existing space. Conversions can be far less expensive than building new and developers can therefore offer the condos at a lower price.
Archives for 2008
Post Office – future location
Local developer Taylor Andrews recently updated the Downtown Austin Alliance on the status of the Post Office relo. He announced that the Post Office, currently located at 6th & Guadalupe, will relocate to 9th & Red River – a property the Post Office currently owns. This will make room for the proposed Block 52 development by Novare/Andrews Urban.
January Sales
| January | dt | 1b | 5 | 6 | 7 | ut |
| sales | 5 | 4 | 5 | 6 | 5 | 7 |
| high psf | 415 | 285 | 262 | 384 | 281 | 326 |
| low psf | 267 | 217 | 198 | 148 | 218 | 214 |
| avg psf | 335 | 238 | 236 | 257 | 242 | 251 |
| avg dom | 73 | 27 | 61 | 75 | 74 | 80 |
December Sales
| December | dt | 1b | 5 | 6 | 7 | ut |
| sales | 11 | 5 | 1 | 6 | 1 | 9 |
| high psf | 580 | 518 | 241 | 287 | 224 | 342 |
| low psf | 247 | 162 | 241 | 166 | 224 | 194 |
| avg psf | 401 | 276 | 241 | 207 | 224 | 250 |
| avg dom | 65 | 15 | 158 | 38 | 70 | 38 |