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Downtown Austin Blog

downtown Austin's real estate and neighborhood blog

Seaholm Condos Move From Reservations To Contracts

Jude Galligan | August 27, 2014 |

According to a press release sent to Downtown Austin Blog, 80% of the reservations for the under-construction Seaholm condos have become full contracts.

Last October nearly all 280 residences at the Seaholm condos were snapped up in a matter of days of the project being announced.  The resulting frenzy of buyers trying to reserve units became a bit of a cluster, leaving subsequent people interested with the singular option of joining a wait list.  Now, I expect, many of those existing Seaholm “wait-listers” will very happily absorb the remaining 20% (56 units) prior to the building’s opening next year.

Seaholm was the first downtown Austin condo project announced post-recession.

When announced last year there were precisely zero competing high-rise condo proposals, no remaining inventory from the last building cycle, nor were there many downtown resales to whet buyers’ appetites.  Combined with below market rate pricing [relative to the newer downtown towers], the swell of interest in Seaholm was not at all surprising.  Seaholm’s rapid absorption reflects superb timing.

Trader Joe’s, the national grocery chain anchoring the development, should be open by the time the residences begin to receive their certificates of occupancy next year.  We’re stoked to see that the Seaholm “district” will be immediately active with retail and residents upon the building’s opening.  The entire development will be a solid addition to the increasingly pedestrian fabric of downtown Austin.

Interestingly, Seaholm could be getting a neighboring tower within a couple of years, too. Earlier this month Constructive Ventures announced a revitalized proposal for a 50+ story tower caddy-corner to Seaholm.

-Jude

Renderings courtesy of STG Design
Seaholm condos – Northwest elevation.  Renderings courtesy of STG Design

 

 

 

Filed Under: downtown austin, Real Estate

50+ Story Downtown Austin Tower Envisioned By Constructive Ventures

Jude Galligan | August 8, 2014 |

[UPDATE 12/17: this project has been confirmed through multiple sources and will be marketed at “The Independent“]

The Statesman is reporting some exciting news for the Austin Energy Control Center site.

Back in 2010, Constructive Ventures entered into a “Master Development Agreement” with the City of Austin for an agreed upon “transfer price” of $14,500,000.  Now that the economy is starting to show signs of strength, the developers think the next couple of years could be the right moment to deliver a 50+ story condo and office tower.

Constructive Ventures has a strong track record of development in Austin, including: Spring Condos, Barton Place, Pedernales Lofts, and Este.

The 1.7 acre site is located immediately north of the Seaholm condos, which is under construction, and west of 360 condos.  The site is one of the last missing pieces for developing the southwest district of downtown Austin.

While still a vision, if built, this would be an impressive addition to the downtown Austin skyline.  More important is this development would further improve the street-level experience for pedestrians.

Summary of what we know:

– 400 residences (condos for sale)
– 50+ stories
– 120,000 square feet of office space
– 15,000 square feet of retail and restaurants

The design has shifted from a two-tower plan to a single tower, and the architect of record is Brett Rhode, who also designed 7rio, Aspen Heights, and The Catherine (née Aquaterra).

Construction could begin as early as Q4 of 2015. Expect capital market conditions to dictate exactly when it could happen. Whenever it begins, expect 2.5 years to complete construction.

Just for fun, in the image you see above, we’ve overlaid a building massing onto the site in order to show [very crudely!] how a 50+ story tower fits into the skyline.  From the Statesman article, architect Brett Rhode said “the tower will be a mostly glass, with landscaped areas on different levels that will break down the scale of the building and enhance its visual appeal.”

-Jude

[gravityform id=”2″ name=”Reservation Inquiry”]

constructive-ventures-austin-energy

Filed Under: austin condos, austin towers and high rises, downtown austin, Downtown Austin Districts, Seaholm District

DANA to Host Transportation Forum Monday, July 28

AG | July 24, 2014 |

The Downtown Austin Neighborhood Association will be hosting a Transportation Forum THIS upcoming Monday, July 28, at Malverde – a lush, swanky private event space downtown located right above La Condesa.

The focus of the forum will be the proposed Urban Rail alignment from Project Connect, which DANA has publicly supported.  The current rail alignment would cut right through downtown through Trinity Street.  The current plan would also cause the less than 2-year old Waller Creek Boathouse (which is the location of one of my favorite little coffee shops, Alta’s) to be demolished to make way for the bridge over lady bird lake – which has caused a good amount of grumbling.

The program for the presentation will be as follows:

6:00pm – Doors Open
6:15-6:30pm – Presentation by Project Connect
6:30-6:35pm – Response
6:35-6:50pm – Presentation by AURA
6:50-6:55pm – Response
7:00-7:30pm – Q&A

So, as you can see, this will be more of a dialogue or debate rather than just a stiff ol’ presentation. AURA believes that the proposed urban rail route is actually worse than doing nothing.  I’m expecting things to get a little heated, for sure – which means this should be pretty darn interesting. Is it bad that I’m excited?

release-the-hounds
“Release the hounds!”

The event is free, but priority entry will be given to DANA Members, and RSVP is required.  Seating is limited.  Malverde will be offering 1/2 priced drinks and DANA is footing the bill for some light appetizers.

DANA to Host Transportation Forum Monday, July 28 http://t.co/C0C3oN2LzS

— Downtown Austin Blog (@downtown_austin) July 24, 2014

You can RSVP to the event directly from DAB:

Sell Tickets Online through Eventbrite

Filed Under: downtown austin

Why It’s Bull****: The Waller Creek Tunnel Inlet Is Too Tall

Jude Galligan | July 7, 2014 |

Had the weekend to catch up on some old news, and this issue of the Waller Creek Tunnel inlet being too tall smelled foolish from the first I heard about it.

Kudos to the Statesman’s Sarah Coppola for the revealing a potential $45mm fix to reduce the height of the Waller Creek Tunnel Inlet would be wasted money since the Texas State Library and Archives Commission is already blocking the view.

Say what?! That’s right. “Fixing” the inlet structure to be fully compliant with the CVC will not regain any view! An existing government building is blocking the view already.

The Waller Creek Tunnel Inlet is under construction in Waterloo Park. This is the business end of the tunnel construction which was on target for completion in mid-2015.

It was almost two years when the tunnel’s under ground dig was passing beneath the Sabine.

I remain optimistic that elected officials at the local and state level will apply reason, rather than force the taxpayers to pay to bring the inlet into CVC “compliance.”

source: Statesman.com

Filed Under: downtown austin, waller creek

Where to Watch the World Cup – Downtown Austin Sports Bars

AG | June 25, 2014 |

I’m not real into soccer.  Matter of fact, first soccer game I ever watched was Sunday’s World Cup Match between the USA and Portugal.  What an exciting game, though!  I literally stood up and cheered when the US made that second goal, and then I moaned and beseeched the soccer gods when Portugal scored to tie.

It was enough to get me excited about the upcoming match against zee Germans, happening this Thursday at 11am (tomorrow!).  But, where to watch this epic game in downtown Austin?  I have a couple of  suggestions.

1. Liberty Tavern, in the Hilton Downtown: 500 E 4th

Liberty-Tavern-Bar
photo by Diana Nogueira

Remodeled in 2012, with 11 big screens, and an airy and spacious atmosphere. Great local beers, and ample breakfast / lunch food. Extremely convenient for those living in the 5 Fifty-Five Condos or Sabine Condos in downtown Austin.

liberty-tavern-interior

For the World Cup, they’ve also added a 16’x9′ Jumbo HD screen!

liberty-tavern-big-screen
photo by Diana Nogueira

And drink specials galore, including $2 Lonestars!

liberty-tavern-world-cup-specials

2. Takoba (downtown adjacent), 1411 E. 7th

Exterior
Parking
Secondary Entrance – where the big screen is!
Big Screen + Nice and Dark
Main Bar
Outdoor Screen
  • 112″ indoor projector screen
  • 75″ TV outside
  • covered outdoor seating / misters
  • $15 buckets a beer

Need I say more?

3. The Mohawk, 912 Red River

Mohawk Exterior
Inside big screen with surround sound
Second TV in Bar Area
Green Room Upstairs

The Mohawk has multiple screens, including an indoor screen with surround sound, along with beers and bubbles, and noshes by Frank.  Nice dark and cool atmosphere for the big screen area, too!

Don’t like any of my suggestions?  Check out a more comprehensive list from Austin Culture Map, which includes my top three, plus other downtown venues like Russian House, Holy Mountain, Fado, and Bar 96, plus places in other parts of the city.

Filed Under: around town, austin bars, austin lifestyle, austin restaurant reviews, downtown austin, life in austin

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