downtown Austin's real estate and neighborhood blog
The Statesman reports that more glass panels fell from downtown Austin’s W Hotel. Fortunately, nobody was hurt. This is the second incident of falling glass panels this month. In the photo below, it appears there are panels missing from three floors.
UPDATE: [Read more…] about Second Set Of Glass Panels Fall From W Hotel
The news didn’t stop to take a breath this week, at least as it relates to downtown Austin. Lots of announcements, lots of speculation. These are the stories we’re following.
1) 219 West is moving from Warehouse district to West 6th Street, into the old Union Park space. (link)
2) In “how will they fit it in there?” news: a proposed tower between Shoal Creek and Spring Condos, behind Tiniest Bar In Texas. (link) UPDATE: Zoning change approved (link)
3) The White Lodging Hotel on Congress Ave isn’t the only proposed hotel. In fact, there’s another player looking at the lot next to the Palm School, and they are not seeking any fee waivers. (link)
4) Austin City Council delays vote on the White Lodging (“Mega Hotel”) fee waivers. (link)
5) Permanent supportive housing should not be placed near other social services (link)
6) Gables Republic Park says they won’t build soon, or at least until Travis County gets a clear vision on its new downtown courthouse site. (link)
Looks like an upzoning request for a half-block of W 7th Street wedged between West 6th Street and Original Austin was semi-successful.
701 and 711 W 7th Street in downtown Austin were seeking an upzoning to CBD. 701 W 7th is zoned “GR – general retail” and 711 W 7th is zoned “GO – general office”. Both zoning definitions cap building height at 60 feet. [Read more…] about Upzoning Sought And Supported On W 7th Street
The Statesman reported that glass panels fell from the W Hotel residences on Friday.
We were at La Condesa when she heard the crash, and snapped this pic that shows where the culprit glass panes fell from. Crazy!
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.
[Read more…] about Downtown Austin Condo Sales Remain Strong In May
