downtown Austin's real estate and neighborhood blog
Wild About Music on East Sixth Street has a fancy little sister called Austin Rocks Texas (ART), a 1,350 sf retail space at the corner of 2nd and Guadalupe. The store features upscale apparel, jewelry, artwork and other unique items, and is a perfect stop after a concert at ACL.
From the press release: [Read more…] about Austin Rocks Texas (Across from City Hall) Grand Opening on June 2nd, 2012
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 I-35 in the Rainey Street District. The project has been in the works for over 8-years, but was officially approved in 2010, and construction is expected to be complete in 2013. And while the driver and primary purpose of this project is for [Read more…] about Fishing Pier Coming to Lady Bird Lake in Rainey Street, Downtown Austin
Back in 2009, the Episcopal Church paid $9.5MM for a 1.6 acre city block bounded by Trinity, Neches, and 7th Street.
The purpose of the site, which is currently a surface parking lot, is widely believed to house their national archives.
The Episcopal Church recently submitted a Capitol View Corridor (CVC) height determination application with the city. This application is the first step in knowing how tall they can build.
2/3 of the site is encumbered by a CVC, so I suspect any building on this site will be capped at a few stories.
The application proposes commercial, mixed-use.
Yes. Yes, O. yes. It’s that time again, folks. Time for the 35th annual O. Henry Pun Off. Taking place this Saturday (May 19th, 2012) at the O. Henry Museum (adjacent to Brush Square), this delightful competition celebrates the pun with two separate competitions – Punniest in Show and Punslingers.
However, a video is worth a million words – so, check out some of these punny finals videos from previous years: [Read more…] about O. Henry Pun Off at Brush Square Park in Downtown Austin May 19th
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 197 new construction condos available for sale in the downtown Austin core. That’s not many. Within the past 12 months, we’ve seen 201 resales and 186 new construction sales.
In the chart below, that little red trend line for average resale price per foot gets steeper each month as we see more resales in the top-tier buildings. By this time next year, you will be able to count the total availability of new construction condos on two hands.
March 2012 Resale Statistics
- # of resale transactions = 29 - avg price per foot = $364 - avg sales price to list price (SP/LP) = 97% - avg days on market (DOM) = 32 days - Total resales volume = $12,038,599
March 2012 New Construction Statistics
- # of new construction transactions = 17 - avg price per foot = $554 - Total new construction sales volume = $14,681,550
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