downtown Austin's real estate and neighborhood blog
I’m really excited about watching Talladega Nights at Third Base tomorrow – Tuesday @ 8pm. Talladega Nights competes with Anchorman for my all-time favorite Will Ferrell flick.
This is part of Third Base’s ‘Steak & Movie Night’ on the patio @ 6th St. every Tuesday. I’ll be all jacked up on Mountain Dew.
-Jude
The Statesman gets the details on the evolving Rainey Street district. As DAB reported on Lustre Pearl and Clive Bar, Lustre Pearl sets just the right tone for the unique tree lined street with CBD zoned bungalow homes. The opportunity on Rainey Street is for more diverse uses including restaurants and coffee shops that leverage the charm of the street. This make sense in a down real estate market. There is little likelihood of any major building taking advantage of the CBD zoning within the next five years. Now, property owners have incentive to lease the properties to entrepreneurs like Bridget Dunlap who will rehab the existing structure and make the neighborhood more desirable.
I’m most looking forward to “96” – “In October, Dunlap plans to open 96, as in 96 Rainey St., across the street from Lustre Pearl in another 1907 house. It will serve beer, wine, coffee, pizza and other items.”
-Jude
[youtube = http://www.youtube.com/watch?v=ZFzLSalIMN4]
[non-downtown related news, but should be of interest to most DAB readers]
The remaining 23 units at the Sage Condos, located on 1702 S. Lamar, were auctioned off today. JP. King was the auctioneer of the “highest bidder’s choice” style auction where the winning bidder could choose to purchase any unit for the amount of the winning bid. The video above is of the first auction.
Including the 10% buyers premium, the average winning bid was $131 per foot, and prices ranged from $151,250-253,000.
I estimate 300 people were in attendance, perhaps 1/3 of those were registered bidders, the other 2/3 being spouses, friends & family, etc. Though originally slated for only 10 absolute auctions, the developer was on-site and confirmed all but five of the winning bids. The units were offered “as-is.” The bidding interest favored the units with downtown Austin views.
-Jude
p.s. you’ll notice the video is labeled austincondoauction.com. That will soon become the repository for all the auction results and discussion – as soon as I work the bugs out 🙂
From Cynthia Jordan with City of Austin Public Works…
“I thought you all might find the attached photographs interesting. As part of the deconstruction portion of the project, the City agreed to relocate a 21” diameter Live Oak tree to Town Lake Park. This relocation took place this morning. The attached photos show the tree being moved to the park. Thank you Butch for sharing these photographs with us. Enjoy!”
Thanks to a tip from Michael and then confirmed yesterday when I saw the doors and windows boarded up, Downtown Austin Blog has learned that American Youth Works has moved out of its warehouse loft space on E 4th.
The building is owned by Austin Charter Schools Inc. I haven’t read anything suggesting that AYW was preparing for a move, so this wasn’t on my radar. Please leave any info you have in the comments.
