downtown Austin's real estate and neighborhood blog
Loft Decor consolidates its retail at the Domain (link)
W-Hotel goes after back up financing (link)
CapMetro working to quiet railroad crossings on it’s 32 mile commuter rail (link)
Urban Transportation Commission Adopts Recommendations for Downtown Austin Plan (link)
Governor’s mansion is one of Texas’s most endangered historic places (link)
Vote yes for funding the Waller Creek Tunnel Project
http://www.stimuluswatch.org/project/view/1309
Then, please vote yes for funding Phase II expansion of the MetroRail*
http://www.stimuluswatch.org/project/view/1186
*M1EK, “I have a dream!” 😉
link to Stimulus Watch
According to an email I received this morning from the developer, Spring condominiums will complete it’s vertical construction soon and is on pace to be ready for move in by this summer. Word on the street is Spring has more than 60% of the units under contract.
From the announcement…
“Expect to see a tree on the top of Spring Condominium soon. The tree is a tradition, symbolizing a building has reached the top floor of its construction. Spring’s glass envelope will also soon be complete. Once the painters have completed the exterior color coating, most of the tower’s exterior elements will be complete.
Interior work continues with installations of finishes reaching level 25. Over 400 workers are on-site working simultaneously on all aspects of the construction of Spring. From work on the structure to installations of glass windows and walls, flooring, tile, cabinetry, electrical and mechanical to the finalization of the pool deck and lobby design, Spring’s team is combining efforts to complete the building by Summer 2009.“
This month the public can preview at the Downtown Austin Public Library a model of the future tunnel. While progress is slower than we would like to see, this has been a good month for Waller Creek. Below are some other highlites.
US Army corp of engineers report
This is a strong indicator that the engineering efforts are moving forward.
http://downtownaustin.files.wordpress.com/2009/01/waller-creek-army-corps.pdf
Waller Creek district TIF is now line item on property tax statements
The city and county approved TIF financing is now a line item on the property tax bill for properties within the Waller Creek District. This indicates that the County is prepared to fund its portion of the redevelopment. No additional taxes are levied, rather a % of property taxes collected from Waller Creek district properties go towards repaying the bonds financing the construction of the tunnel.
Dale Glover will replace Tracy Atkins on the Waller Creek Citizens Advisory Committee
Dale is a vocal and outspoken advocate of Downtown Austin and Waller Creek redevelopment. His appointment is for the DAA’s chair on the committee. This is in addition to his involvement with Downtown Austin Neighborhood Association, Downtown Austin Alliance, and the Austin Parks Foundation.
Also, over the holidays, I shared a thought about how the loss of the Marriott and AMOA should reflect positively on 21c’s decision to move forward. The addition of 21c museum/hotel/residences along Waller Creek would be excellent for our values. Hopefully, they will begin to see the light!
The City of Austin periodically publishes a poster of emerging projects. The latest version (pdf) was just released. This poster shows projects under construction or being planned in Downtown Austin. Big changes can be seen on this poster compared to the last version.
Added:
1) Lance Armstrong Crosstown Bikeway
Removed:
1) Monarch (complete)
2) 360 (complete)
3) AMLI on 2nd (complete)
4) Museum Tower, AMOA (dead)
5) Red River Flats (complete)
6) La Vista on Lavaca (on hold)
7) Aqua Terra (dead)
Buildings not likely to get built within the next five years.
1) 7Rio
2) Ovation
3) Navare Block 52
4) Federal Courthouse
5) The Orsey
6) Marriott Hotel
