UT's Brackenridge tract – are big changes coming?
The University of Texas is sitting on the most desirable parcel of land in Austin, known as the Brackenridge tract. 345 acres that includes miles of lake frontage and a golf course. For years this land has been home to affordable housing for UT graduate students. If they are talking about doing anything, then they are talking about redevelopment. UT Regents have already made it clear that any redevelopment must be profitable. This rules out a big, central park style, green space and presumes a mixed use development. [more]
SOLD! 555 e 5th #2921
The Five Fifty Five is a beautiful building with a grand hotel lobby. This gigantic 2bd/2ba had been on the market for 469 days!
OLP: $950,000
SP: $700,000
SF: 2,117
source: Jude Galligan, downtown Austin Realtor
SOLD! 505 w 7th #303
Top floor 2bd/1ba condo at Posada Del Rey. This was priced right from the get go.
OLP: $261,000.
SP: $257,000.
SF: 1,004
source: Jude Galligan, downtown Austin Realtor
85,000sf of Office and Retail at 5th & Lamar!!!
Schlosser Development Corp.
announced on Tuesday that it will build a new 85,000-square-foot building downtown to house the corporate headquarters of vacation rental company HomeAway Inc.
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