800 w 5th st, austin, tx 78703
list price: $620,000
sale price: $590,00
sf: 1,478
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Real Estate
downtown austin entertainment district still has room for improvement – part 1 of 3
On Friday and Saturday I participated in a tour of 6th street. This wasn’t a bar hop. This was to observe. I’ve joined the ‘Community’ group for the Responsible Hospitality Institute’s (RHI)- ‘Austin Hospitality Zone Assessment for Sixth Street’. This effort is the result of 6ixth Street Austin and the DAA teaming up to develop a revitalization plan for Sixth Street. Our first mission is to tour the entertainment district and simply observe.
The convention center is located east of Congress. Several residential high-rises are located east of Congress. Have you noticed that all of Downtown Austin’s big hotels are located east of Congress! Sixth Street is the anchor. What do you imagine is the experience of visitors to Austin when they visit Sixth Street?
Sixth Street should be Austin’s historical and cultural hub. Landmarked buildings should be required to meet minimum aesthetic standards. Instead, as it is today, Sixth Street is in disrepair and needs to be cleaned up. This is the movement to do just that. There is opportunity to provide a better mix of services and overall experience for hotels guests, the convention center, and all of the residential buildings east of Congress. I’m not alone in this opinion as hotel operators, Sixth Street proprietors, city council members, city staff, police, and many outspoken residents were in attendance at the initial RHI meeting on November 4th.
Still to come, my [not under the influence] observations of Sixth Street.
Seaholm TIF zone approved
The redevelopment of the Seaholm powerplant has just taken a big step forward. The City approved the tax increment financing zone to pay for new public utilities within the 7.8 acre site sandwiched between Cesar Chavez and 3rd Street.
TIFs work by applying the increase in ad valorem tax revenue within a defined zone to repay the debt used to build the public infrastructure.
Seaholm.info
ABJ article
RSVP for The Austonian half-way party!
Where: The Austonian
When: Tuesday, December 9th 5-8pm
What: The Austonian would like you to join them to celebrate – 28 of 56 stories are complete! [info pdf]
Build or Bust? Fact or Fiction? Downtown Austin Condos
You might have seen this article recently. It’s an interesting read. Filled with quotes and bold statements. You might have also seen my recent article about the actual number of dwellings in Downtown Austin. As your loyal Downtown Austin Realtor (plug!), I thought I would dissect this article and give you the scoop from the trenches of Downtown Austin Real Estate.
I’m going to cut/paste a handful of quotes from the article, and then explain if that quote is, generally speaking, true or false. Let’s begin…
“If people are waiting for the crash to come and for people to give away condos downtown, it’s not going to happen,” Spring developer, Perry Lorenz
Know the truth after the jump!
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