Southeast corner. 43rd floor. 3bd/2ba. 2571/ft. Two stories. Call or email me for information and to arrange a showing.
Jude Galligan
judegalligan [@] gmail.com
512-226-3414
360 Penthouse Is Back On Market
Real Estate
Federal Courthouse Gets Stimulated
This is everywhere today, so I won’t rehash the details, but according to KXAN, $116MM of stimulus funds are going to build what we’ve been hoping would just go away – the Federal Courthouse. Eek! The design of the proposed federal courthouse is postmodern brutalism. Previous discussion over at Austin Contrarian.
-Jude
Austin Ashton: More Buzz + Sneek Peek
Pricing for the downtown Austin apartment building, the Ashton Austin, is available Jude Galligan, 512-226-3414, judegalligan [@] gmail.com
Click here for complete Ashton Austin coverage.
Two weeks ago I shared some interesting facts about the Ashton – the downtown Austin apartment building which has kept a very tight lip on when it will be delivered. Yesterday, I received an update along with some swank model photos! According to the developer of the downtown Austin Ashton, the move-in target is now June 1st. The model units should be ready by May 1st.
The market’s expectations are high. I’m told the photos should be very true to the actual finishes and fixtures used. Interestingly, several of the people who’ve contacted me about the Ashton currently live at the AMLI on 2nd. This makes sense. Many of my clients leasing in downtown Austin have been longing for a more traditional finish without sacrificing quality.
BONUS:
For Downtown Austin Blog readers who are preparing to lease at the Ashton, email me your name, phone, address, and I will send you an exclusive draft copy of the floor plans!
-Jude
judegalligan [@] gmail.com
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More pics after the jump below!
Downtown Austin Condo Sales
We love numbers here at DAB, and AustinTowers.net takes a look at average sale prices (per foot) for each building in Downtown Austin over the past 14 months. You’ll find each building ranked by price/foot in descending order. 5 Fifty Five takes the top spot at $473/ft. You might be surprised to see the Westgate show up at $325/ft. Greenwood Towers sets the floor at $197/ft.
The most interesting result might be Plaza Lofts coming in at an average of $291/ft. Plaza Lofts is the most centrally located of all downtown Austin condos. These numbers have a back story, which is what I assist my clients with. Over the past 14 months, the Plaza Lofts has been subjected to construction expectations. Gables Republic Park was scheduled to begin construction next door to the South. Andrews Urban/Novare were expected to push their Ovation project where the post office is located. This would have killed many people’s views of the hill country. It doesn’t appear that either of these projects will be complete within the next five years, if not longer.
Another key point to remember about Greenwood Towers, the least expensive Downtown Austin condo, its intrinsic value is significantly linked to the fact that the building sits on a land lease which expires sometime near 2050.
Complete AustinTowers.net Analysis (link)
Ranked in descending order:
5 Fifty Five, $473/ft
Nokonah, $442/ft
Brazos Place, $370/ft
…
Villas on Town Lake, $241/ft
Towers of Town Lake, $228/ft
Greenwood Towers, $197/ft
Downtown Austin Retail > Walton's Fancy & Staple
UPDATE
Back in December I reported on the construction activity at 609 W 6th. It appears that Walton’s could be open any day now. The doors were locked so here are some photos from behind the windows. I dig the bistro furniture and old-fashioned look.
This will be a great addition to West 6th. Another perspective…
