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Search Results for: 904 west
Below is an update from Noa Levy and 904 West Ave condos. I was able to preview this rehab last month and left impressed with the quality and design. Calling it a rehab doesn’t paint the full picture, as nearly everything is new – the studs, flooring, plumbing, electrical, all new. You can find pricing and floor plans on their website 904west.com, and I’ve prepared a spreadsheet of their pricing which you can download here. To update our previous coverage of 904 West pricing, asking prices begin in the $160s, and including the outdoor living space, prices average ~$329/ft.
First and foremost our contracts ready. The first phase of the project which includes 5 Residences, 3 live-works and 1 commercial space will be available to be occupied by January 1, 2010. We are offering private tours at this time and have finish boards and upgrade spec sheets in our office. 2% earnest money is required to go into contract.
We have secured 2 preferred lenders, SWBC Mortgage and Colonial National Mortgage, and we are happy to help you pre-qualify any interested parties.
To give you a quick recap about 904 West, the project is a mixed-use/multi-family style development with 33 units comprised of 2 commercial spaces, 9 live/work spaces, 13 residences, and 9 urban bungalows starting in the $160K’s. 904 West is a high-rise alternative with many green features including the first in downtown Austin to offer a photovoltaic solar energy system that will decrease resident’s energy bills. Moreover, residents can monitor their usage online and adjust accordingly. Other green features include LED lighting throughout the building, Energy Star rated Bosch stainless appliances, energy efficient heating and cooling equipment, and many green building materials.
The building will include a secured lobby, secured garage, semi-covered central atrium with meeting spaces, elevator, and private swimming pool. The property is adjacent to Duncan Park and walking distance to Whole Foods, Shoal Creek hike and bike trail, and all the shops, eateries, and entertainment downtown Austin has to offer. In addition, it is very close to major employers, the State Capitol, Courthouse for those who are seeking work opportunities or office space downtown.
I hope to see some of you DAB readers at the preview party this evening for 904 West Ave! If you plan on attending please send a quick RSVP to email@example.com.
Where: 904 West Avenue
Time: Tuesday, October 27th, 2009 from 5:30 p.m. to 8:00 p.m.
The Boutique Real Estate would like to extend a personal invitation to you to join us at our exclusive Preview Party and to share with you our vision of Austin’s premier high-rise alternative.
Come enjoy an intimate, behind-the-scenes look at the future of eco-conscious development right here in our own backyard. 904 West offers a unique live-work environment with both commercial and residential units in downtown Austin!
This evening will include catering by The Rio Grande, Cocktails by Dripping Springs Vodka, Paula’s Spirits and Z Tequila, non-alcoholic beverages from Emerald City Press and music to top it off! Come party and check out our progress!
Yesterday, I received more details about the downtown Austin apartment-to-condo conversion at 904 West Ave. They managed to squeeze 33 units into their plan: 31 one-bedrooms and two commercial spaces. The units begin at 429sf and increase in size to [a sprawling] 744sf. The target average price is close to $360/ft and an average unit cost of $220,000 +/-. Here is an example of a floor plan.
I’m skeptical about these prices. Buyers have other less expensive options in central Austin neighborhoods. For instance, at 2020 condos on South Congress, a similar apartment-to-condo conversion originally constructed in the 1960s, units can be had for $99,000. Though quality issues have been rumored at 2020 Congress.
To be fair, the rendering indicates 904 West Ave is aiming high in terms of design and I haven’t seen any details on the finish outs. I’m looking forward to seeing more from 904 West Ave.
Not much is being released about the 904 West Ave apartment-to-condo conversion. The two-story complex originally constructed in the 1960’s should yield 22 units +/- depending on floor plans. The sign indicates the units will start at $160k and will be ready by the fall. From the street it appears they are still in the demolition phase of construction. No floor plans nor pricing have been released (I’ve inquired).
Located in the “Original Austin Neighborhood”, 904 West Ave part of a great downtown Austin neighborhood – equidistant to West 6th as are the 360 condos, Duncan Park is around the corner, and I would enjoy walking to Emerald City Press each morning.
Before he earned the position of Austin City Councilmember, Chris Riley had prepared an interactive map of OAN that includes the history of some great properties – very cool!
904 West Ave has a splash page, but not many details currently.
1122 Colorado St, Austin, TX 78701
Westgate Tower is the closest residential tower to the Texas state capitol. Many consider it the only pure “mid-century-modern” building in Downtown Austin. Popular amongst legislators and lobbyists because of its proximity to the Capitol and Congress Ave.
The Westgate Tower is an excellent example of the New Formalism approach to modern architecture, is the only building in Austin designed by internationally-known architect Edward Durell Stone, and has served as a model for continued mixed-use growth in the city, combining residential, commercial, and social uses in the same building.
It’s an exciting time to live in and be involved with Downtown Austin. Major developments being announced, and construction commencing pretty regularly. Population and commerce increasing exponentially each year. More places to eat. More feet on the street. More energy. Austin, and downtown Austin specifically, garners a lot of local, regional, and even national attention… well, most of downtown gets attention.
See, there’s this “other” downtown. A hidden-in-plain-sight curiosity.
Let me preface the point. Take look at a map of downtown Austin. Visualize downtown as four quadrants, with axes along 6th Street and Congress Avenue.
First, the southeastern quadrant of downtown is home to the monumental Waller Creek redevelopment, has fortunate proximity to most downtown and East Side venues, quick access to the Hike & Bike Trail, several exciting and new hotel developments, including the The Fairmont and the Hotel Van Zandt, and an array of existing and proposed apartment and condo developments. 70 Rainey, for example.
Second, the southwestern quadrant, the media darling of downtown Austin, with heavy economic investment, has a rich mix of residential, office, and recreational uses, and seems to be constantly boasting some sort of development activity. Major, sexy condo tower projects like the Seaholm, the Greenwater Treatment redevelopment, and the newly announced Independent have put the area on the forefront of media coverage. Substantial office projects like the recently completed Colorado Tower and the under-construction office tower at 5th and Colorado are also making news.
Third, the northeastern quadrant is bubbling as an “Innovation Zone” – with developments bringing new life to the medical and tech industries, as well as activity related to our state Capitol. Very recently, Foundation Communities opened it’s affordable housing development: Capital Studios. This area is also filled, FILLED!!, with blighted parking garages. Fortunately, Texas State Capitol complex has started getting some attention in recent years.
And, now we’ve arrived at the subject of this post.
Fourth, and finally, the “other” downtown. The oft overlooked top left corner of downtown. The tranquil, lush, historically quaint, attorney office dense, northwestern quadrant of downtown! (Bookmark this: OANA’s terrific historic online tour, block by block)
We simply don’t hear much from this neck of the woods, even though it’s among the most peaceful and pleasant places to live in downtown, with plentiful tree canopy, open parks, myriad law offices, Shoal Creek, ACC, and tasteful restorations.
It’s also some of the most expensive residential property in the City. Most of the residential in this area is comprised of single family homes, like this, and this, and this one. Many of these homes have become office uses, generally of the law firm or other office-practice variety (although some other fun stuff is starting to pop up!).
The reason we don’t hear of these big, shiny, fabulous, skyline changing developments? Zoning. It’s as simple (and as complicated) as that.
For better or worse, many of the lots in the northwest part of downtown Austin simply aren’t zoned for high-rises. It’s no simple task to get an area that’s this passionate with historic sentiment and neighborhood protections to simply approve mass zoning changes willy-nilly. Some of the City’s most prime and walkable downtown real estate is almost completely untapped as far as density goes, with most lots being inhabited with one-story or two-story Victorian style homes. To be clear, we like it this way, too!
There are a few dense developments in northwest downtown, like the newly constructed apartment tower, Seven. And, Aspen Heights is under construction. So are the Celia’s Court at 908 Nueces. Also notable, are Westgate and Cambridge Towers, which are along major boulevards. Typically, in this part of downtown, we expect to see mid-rise developments like 904 West, Park West Condos, and the Nokonah, along with a handful of off-the-radar apartment communities, like the Nueces Flats.
You can be on W 6th Street at midnight, then
walk stumble 2-3 blocks north along Nueces and it feels like a different, quieter, world.
No doubt we will continue to read headlines about downtown Austin. Along the way, it will be interesting to observe how the “other” downtown Austin remains relatively media mute. Maybe it’s better that way.
Because I’m a real estate geek, I’m continuously looking at sales metrics, updating my databases, and endeavoring to uncover useful information. In this post, I’m attempting two things: 1) offer some perspective on sales in downtown Austin’s high profile buildings, and 2) predict when those buildings will approach being completely sold. If you just want the data then skip to the end.
One of my mentors shared with me an insight: the first buyers are innovators – early adopters that fill up the bandwagon and help throttle the acceptance of something new. It applies to new real estate development, as much as it does to new technologies.
Now that the cranes are long gone, where are the new construction projects in their sales cycles? [Read more…] about Crossing The Chasm: A Perspective On New Construction
For the first time since the bubble burst, the average price per square foot of a downtown Austin condo has increased four months in a row. Last month, downtown Austin closed 62 condos* with 29 more pending!
In May, we counted 41 closings of new-construction condos from the Four Seasons Residences, W Hotel, Austonian, Spring Condos, and Barton Place. The W takes the cake with 15 closings in May.
On the other hand, the number of resales comes in at 21 units closed – a strong showing – averaging a price of $334 per square foot. We also count 29 resales pending as of May 31st! So, we can expect next month’s closing count to be similarly strong.