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)
Archives for March 2012
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 February’s numbers is a resale at the Austonian. And, while there’s clearly a gradual upward trend in the resale market, February’s price-per-foot surge is attributable to this burgeoning market for resales in the top-tier buildings.
You can anticipate that by the end of March all of the top-tier buildings will [factually] be over 50% closed. Each has already crossed the chasm.
Notably, Spring condos has only a couple of new units left, the [seriously amazing] penthouse(s) being one of them. For most buyers, Spring condos can be considered sold out and opportunities to buy are in the resale market. The Four Seasons Residences leads the pack in terms of percentage of units sold, though the W Hotel Residences is showing the greatest velocity. See below.
[table id=29 /]
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 the original Railyard apartments into buyers of the soon-to-be condos before opening them up for purchase by the general public.
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 at Max’s Wine Dive.
In the past couple of years we’ve seen improvements and new businesses open in the neighborhood, including AF1 Racing, Vince Young Steakhouse, Hank’s Garage (which is gone), and Skinny’s Ballroom.
Walking around a post-SXSW absent is the hyper-pedestrianism of the past 10 days, and I observe a “coming soon” sign. I see more as I keep walking. In one lap around the Railyard district, I counted nine businesses or projects “coming soon”!
What’s COMING SOON to the Railyard District? [Read more…] about Coming Soon: The Changing Face Of The Railyard District
The influx of people for SXSW – traffic be damned – reminds me of what a 24/7 vibrant city looks and feels like. And, we’re getting there. Checkout an even cooler picture…
I love this idea for downtown Austin. Convert two duck-in parking spaces in front of Royal Blue Grocery on Congress Ave, in order to improve the pedestrian experience and create a retail destination.
Upon approval by Council, later this month, the initiative would be a partnership between the City of Austin and Royal Blue Grocery, with design coming from Studio DWG and civil engineering firm Big Red Dog.
The street patio in front of Royal Blue Grocery is just a trial run. If successful we could see more street patios in other parts of downtown. The results should provide more space for pedestrians and a cafe sitting area, similar to Jos on 2nd Street. WIN!
More pics after the jump. [Read more…] about Street Patio Experiment: Congress Ave @ Royal Blue Grocery
Another bar, ahem – excuse me – I mean to say a real restaurant (golly gee!) has finally opened in the Rainey District of Downtown Austin. Yes – reader – you may be sensing sarcasm. That’s because even though, yes, Javelina Bar has a kitchen and a menu – making them technically a restaurant – and even though the owners are touting that they are different than the other bars in the district because they have said kitchen – there’s no mistaking that this place totally feels more like a bar than a restaurant – I mean, it even has the word “Bar” in its name.
But – I will say, I think it’s a step in the right direction. A nice, large step in the right direction.
I visited the brand new establishment yesterday, had a couple of brews and a fairly delish veggie burger (they put queso on it, too!). Nice, clean, pseudo-rustic environment. Understandably, they were working out some kinks, but I will say, the food was alright and the service was super friendly (shout-out to bartender / server Amanda!).
So, here’s the menu – in all of its glory: [Read more…] about Javelina Bar: MENU, Pictures, Short Review, and a Call for Action
I spotted this while walking this morning in the burgeoning Railyard District.
Rivals Steakhouse is under construction at the southwest corner of 5th & Trinity. This comes after more than three years of vacancy, since property owner Tim Finley refused to renew Paradox’s lease.
This isn’t the neighborhood’s vision for highest and best use of a downtown corner property, but, overall, most of the surrounding loft owners are pleased that it’s no longer vacant.
I wonder what the economics of steakhouses are because there seems to be a lot of them. If you would have asked me ten years ago where to buy a good steak in downtown Austin I would have instinctively said “Sullivans”.
Transportation wonks: is there something different about the conceptual urban rail alignment depicted in the latest flyer from Project Connect?
The portion of the rail system south of 4th Street is showing that the preferred alignment (solid orange lines) is not Congress Ave, rather it’s humble ol’ Trinity Street.
On previous maps, I recall Congress Ave having the bold lines and Trinity Street relegated to a hypothetical dashed line. This is a subtle change on paper, but a potentially big improvement to ridership and economic impact.
I presume a Trinity alignment would have a stop at/near Waller Creek. Imagine connecting businesses and visitors to the Rainey Street district, Waller Creek, the Boat House, the MACC, the Convention Center. There’s greater density of residential and recreational use. There’s more [taxable] development opportunity along the Trinity alignment.