The steel and glass residential towers set to reshape the downtown Austin skyline aren’t a pipedream. They’re coming–and they’re going to be filled, a new study shows.
February Sales
| February | dt | 1b | 5 | 6 | 7 | ut |
| sales | 6 | 8 | 1 | 14 | 1 | 8 |
| high psf | 381 | 299 | 238 | 425 | 255 | 276 |
| low psf | 246 | 141 | 238 | 133 | 255 | 217 |
| avg psf | 315 | 204 | 238 | 250 | 255 | 246 |
| avg dom | 88 | 71 | 35 | 94 | 178 | 51 |
CL: find of the day
The urbanist in me is big fan of residing near the Commuter Rail. I’m also a huge fan of KRDB’s work.
It's called LoCo, and it's getting a redo
“LoCo is still in its infancy as a label and is mostly undefined. In the real-estate world, LoCo can be anywhere from Interstate 35 west to Manchaca Road and from Ben White Boulevard south to Stassney Lane. This includes the neighborhoods of Battle Bend and Southwood.
As with any new nickname, time will be the arbiter of its acceptance and boundaries. But whether the dozen subdivisions just south of Ben White Boulevard are lumped together by a common name or not, they share certain traits by virtue of location that real estate developers and agents are getting excited about. ”
$500M investment may yield two new downtown towers
Stacy’s company, T. Stacy & Associates Inc., and Walton Street Capital now plan a 500,000-square-foot office and retail tower at 501 Congress that would be slightly taller than the 26-story Bank of America Center building the partnership owns at 515 Congress next door. The group is also plotting a hotel and condo tower at the corner of Brazos and Fifth streets that would rise more than 800 feet, making it by far the tallest building in Austin and the sixth-tallest in Texas.
