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Jude Galligan

Wednesday Bike Sharing Showcase At Austin City Hall

Jude Galligan | October 26, 2010 |

This Wednesday from 11-2pm, drop by city hall to see B-Cycle bike sharing concept in action.  Last month, we wrote that bike sharing could not only help solve many “last mile” transit problems, it would also become a superb recreational amenity for the entire city and its visitors.

What: B-cycle demo event for city officials and members of the public
Where
: 301 W 2nd St, Austin, TX 78701 (Lavaca Street)
When
: Demo runs from 11am-2pm; setup at 9:30am

From the Downtown Austin Alliance:

“Just as car-sharing systems provide a convenient way to use cars on a short-term rental basis, bicycle-sharing systems allow people to check out bikes to run errands and make other short trips.  Representatives of B-cycle, a national company that produces bicycles and other equipment for and works with cities to implement bicycle-sharing systems, will demonstrate their product at City Hall plaza from 11 am – 2 pm on Wednesday, October 27th. They will explain how bike sharing can decrease dependence on single-occupant vehicles, help improve mobility and support efforts to reduce greenhouse gas emissions. The public is invited to stop be and talk with B-cycle staff member and to take a short ride on one of their bikes.”

Filed Under: downtown austin

Cirrus Logic HQ Coming Soon

Jude Galligan | October 22, 2010 |

Just an update/reminder about the forthcoming downtown Austin HQ of Cirrus Logic, located at 800 W 6th.  From ashy to classy….

cirrus logic downtown austin rendering

Filed Under: downtown austin

Vince Young Steakhouse

Jude Galligan | October 21, 2010 |

vince young steakhouse

With just a splash page to confirm, construction is occurring at 3rd & San Jacinto.  Located at the former site of Rio Grande restaurant, the eponymous Vince Young’s Steakhouse will be an interesting addition to downtown Austin’s Convention Center District Railyard District. 🙂

Planned opening date is Saturday, November 6th.

Filed Under: downtown austin

DAB STATS: September Residential Transactions

Jude Galligan | October 6, 2010 |

Chill out.  Cool off.  It’s not just the weather, but the market chilled in September yielding a stellar month for downtown Austin buyers.  In September, the average sale price of a downtown Austin condo was $282 per square foot.  This is based on 12 recorded transactions in the Austin MLS.   Year-to-year comparison shows last month was down from $338 per square foot across 20 transactions in September of 2009.  Month-to-month, September was down from $298 per square foot across 16 transactions recorded in August.

Highlights:

-Speaking of cooling off: hell froze over in September as the Statesman, frequently antagonistic to high rises, published an upbeat review of the downtown luxury market.

-A cartoon reminded us of an all too familiar exchange.

-We saw a glimpse of 2006 with a genuine bidding war on a bank owned unit at Brazos Place.

Top Tier Summary:

Not reflected in the MLS data are developers’ direct transactions at the top-tier buildings.  According to TCAD, the Austonian shows eight closings, which is one more than last month.  At the W Hotel Residences, with 159 total units, we’re told that 60% of the units are under contract, and the ability to now get into the building has been increasing contract velocity to 3-4 per month.  We’ve been informed that at the Four Seasons Residences ~40 units have closed, with another 40 under contract.

You can search for Austin condos and lofts using our map-based viewer.  Registered members of DAB can download a complete statistical and transaction report here.

-Jude

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Filed Under: austin towers and high rises, DAB Stats, data, statistics, downtown austin, Downtown Austin lofts, condos, apartments

Downtown Austin Open Houses

Jude Galligan | October 2, 2010 |

downtown Austin open house listings for Sunday, October 3rd.
(Got the wrong week? Click here)

1. 603 Davis St, The Shore Condos #1603, 2bd/3ba $650,000 1-3pm [Urbanspace]
2. 603 Davis St, The Shore Condos #911, 2bd/2ba $399,900 1-3pm [Urbanspace]
3. 904 West Ave, 904 West condos #211, 1bd/1ba $193,300 1-3pm [Urbanspace]

Expand your home search using DAB’s map-based Austin Property Search

When you’re done with the open houses, you can enjoy an afternoon on Lady Bird Lake by renting a canoe or kayak from at the Texas Rowing Center. Or, dine al-fresco at Annie’s Cafe on Congress Ave for breakfast, lunch, or dinner.

-Jude

Filed Under: austin open houses, downtown austin

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