downtown Austin's real estate and neighborhood blog
Yes. Yes, O. yes. It’s that time again, folks. Time for the 35th annual O. Henry Pun Off. Taking place this Saturday (May 19th, 2012) at the O. Henry Museum (adjacent to Brush Square), this delightful competition celebrates the pun with two separate competitions – Punniest in Show and Punslingers.
However, a video is worth a million words – so, check out some of these punny finals videos from previous years: [Read more…] about O. Henry Pun Off at Brush Square Park in Downtown Austin May 19th
In light of the recent Statesman article highlighting new construction sales, I thought this would be a good time to update our trending chart for downtown condos.
Combined sales of new construction and resales of downtown Austin condos delivered a seasonally strong 46 transactions representing $26,720,149 total sales volume in March.
Currently there are 95 resales and 197 new construction condos available for sale in the downtown Austin core. That’s not many. Within the past 12 months, we’ve seen 201 resales and 186 new construction sales.
In the chart below, that little red trend line for average resale price per foot gets steeper each month as we see more resales in the top-tier buildings. By this time next year, you will be able to count the total availability of new construction condos on two hands.
March 2012 Resale Statistics
- # of resale transactions = 29 - avg price per foot = $364 - avg sales price to list price (SP/LP) = 97% - avg days on market (DOM) = 32 days - Total resales volume = $12,038,599
March 2012 New Construction Statistics
- # of new construction transactions = 17 - avg price per foot = $554 - Total new construction sales volume = $14,681,550
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A unique boutique is opening its second location on May 10th, 2012, right across the street from The W Hotel and Residences on Lavaca (the first location is in The Arboretum, and opened in 2009) in Downtown Austin. No, it’s not another fancy dress store or whimsical gift shop. This time, it’s a niche [Read more…] about New Oil & Vinegar Retail Concept Opening Across from The W in Downtown Austin
There’s something you should know. And that is, Bar Louie in downtown Austin is a bar / restaurant chain.
There’s something else you should know. And that is, it’s okay that it’s a bar / restaurant chain.
Now, before you stop reading – hear me out. [Read more…] about Bar Louie: Eat, Drink, and Be Happy in Downtown Austin
The Statesman broke the story publicly yesterday that the Sutton Company intends to build a multi-tower 40+ story mixed-use project at the north end of the Rainey Street District. The assemblage includes 9-10 lots wrapping Rainey Street, Driskill Street, and East Ave. We’ve mocked-up a footprint of the site (below).
The renderings show two point towers, both over 40 stories, and a third office tower in the background. As a Downtown/Rainey Street neighbor, I’d love to see this project happen. This is exactly the type of concept envisioned for Rainey back when zoning was changed to CBD.
This is the second major residential concept proposed for the Rainey Street District within the past couple of months. The other being the Austin Skyhouse proposed by Andrews Urban/Novare. If built, a portion of the ad valorem taxes from these projects would contribute to the Waller Creek TIF district.
