downtown Austin's real estate and neighborhood blog
“it’s official” yada yada… lot’s of noise about this on the ‘tubes in recent weeks, but Obama has officially signed off on everything. I’ve yet to confirm if the FHA will continue to allow buyers to monetize this credit [on FHA approved condos] in order to use it as a down payment. If so, that makes this program even more attractive.
The chart below is helpful in clearly outlining what’s available and changing.
This week’s Chronicle is packed with interesting articles.
1) Wells weighs in on downtownAustinfacts.com.
2) Katherine Gregor nearly writes a book comparing Austin’s efforts toward regional sustainability to Copenhagen’s embrace of sustainable mobility and bicycles. BTW, have you seen the BIXI system of shared bicycles? 🙂
3) Is a planetarium bound for Austin? Richard Garriott believes it’s a good idea.
One of downtown Austin’s most cherished parks is Republic Square, located between 4th and 5th streets, just west of the Plaza Lofts. The park has been under construction, recently getting a much needed face lift. Charlie McCabe, director of the Austin Parks Foundation, visited with DANA yesterday to discuss the progress of the park’s improvements, and to share a bit of history.
Did you know this is where Edwin Waller, the first Mayor of Austin and the namesake of Waller Creek, in 1839 held the original land auction for Austin’s downtown blocks?
“…city lots were auctioned under the shade of the live oak trees on what is now called Republic Square. A small grove of live oaks – known as the Auction Oaks – survive at the southwest corner of the square today.”
The focal point of the park is a 300 year old oak tree. Considering this was a parking lot for decades, with asphalt up to the tree, it’s astonishing these trees have survived so long. The new design by TBG Partners gives the tree breathing space with a raised ipe wood deck built around the tree.
Other changes to the park include leveling the berms – the raised artificial grass hills – which limited visibility into the park. Republic Square will actually grow by 17′ to the west, as San Antonio St becomes a promenade in front of the stairs to the still-under-construction Federal Courthouse. Beginning in January, when the phase one improvements are complete, the Austin Farmers Market will relocated into the park.
The Austin Parks Foundation works diligently to raise money for Austin parks. The $450,000 improvement budget comes from the Austin City Limits music festival, Downtown Austin Neighborhood Association, Downtown Austin Alliance, General Services Administration, Gables Apartments, and others.
Downtown Austin Blog was provided with early access to the still-under-construction Austonian in order to snap a few photos of the luxury building’s interior finishes. The unit you are looking at above is the northeastern corner, “D” floor plan, on the 11th floor. This will become a staged model unit within the next few weeks. Beginning at the unit’s front door – made from Italian walnut – the standard finish packages are the highest quality we’ve seen in a downtown Austin residential tower, thus far.
We were impressed with the kitchen features: Scavolini cabinets, white carrera marble counters and back splash, built in Sub Zero refrigerator, Wolf gas-range, Miele coffee maker, Dornbracht fixtures. American walnut floors through out. All units outfitted with solar shades. From the 11th floor you have a clear view of the Capitol.
Link to DAB’s coverage of the Austonian
With a wide-angle lens, unmerited photographic hubris, and perfect weather including a moon dancing above downtown Austin’s skyline, the photos below were taken yesterday evening.
