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904 West Ave

Jude Galligan | July 15, 2009 |

904 West Ave - condo rehab
904 West Ave - condo rehab

Not much is being released about the 904 West Ave apartment-to-condo conversion.  The two-story complex originally constructed in the 1960’s should yield 22 units +/- depending on floor plans. The sign indicates the units will start at $160k and will be ready by the fall.  From the street it appears they are still in the demolition phase of construction.  No floor plans nor pricing have been released (I’ve inquired).

Located in the “Original Austin Neighborhood”, 904 West Ave part of a great downtown Austin neighborhood – equidistant to West 6th as are the 360 condos, Duncan Park is around the corner, and I would enjoy walking to Emerald City Press each morning.

Emerald City Press
Emerald City Press

Before he earned the position of Austin City Councilmember, Chris Riley had prepared an interactive map of OAN that includes the history of some great properties – very cool!

904 West Ave has a splash page, but not many details currently.

-Jude

Filed Under: downtown austin Tagged With: 904 west, downtown austin

Westgate Tower

1122 Colorado St, Austin, TX 78701

Downtown Austin condos - Westgate Towers condominiums
Downtown Austin condos – Westgate Towers condominiums

Westgate Tower is the closest residential tower to the Texas state capitol. Many consider it the only pure “mid-century-modern” building in Downtown Austin.  Popular amongst legislators and lobbyists because of its proximity to the Capitol and Congress Ave.

The Westgate Tower is an excellent example of the New Formalism approach to modern architecture, is the only building in Austin designed by internationally-known architect Edward Durell Stone, and has served as a model for continued mixed-use growth in the city, combining residential, commercial, and social uses in the same building.

 

The Other Downtown Austin

Jude Galligan | May 28, 2015 |

It’s an exciting time to live in and be involved with Downtown Austin.  Major developments being announced, and construction commencing pretty regularly.  Population and commerce increasing exponentially each year.  More places to eat.  More feet on the street. More energy.  Austin, and downtown Austin specifically, garners a lot of local, regional, and even national attention… well, most of downtown gets attention.

See, there’s this “other” downtown.  A hidden-in-plain-sight curiosity.

Let me preface the point.  Take look at a map of downtown Austin.  Visualize downtown as four quadrants, with axes along 6th Street and Congress Avenue.

First, the southeastern quadrant of downtown is home to the monumental Waller Creek redevelopment, has fortunate proximity to most downtown and East Side venues, quick access to the Hike & Bike Trail, several exciting and new hotel developments, including the The Fairmont and the Hotel Van Zandt, and an array of existing and proposed apartment and condo developments.  70 Rainey, for example.

Second, the southwestern quadrant, the media darling of downtown Austin, with heavy economic investment, has a rich mix of residential, office, and recreational uses, and seems to be constantly boasting some sort of development activity.  Major, sexy condo tower projects like the Seaholm, the Greenwater Treatment redevelopment, and the newly announced Independent have put the area on the forefront of media coverage.  Substantial office projects like the recently completed Colorado Tower and the under-construction office tower at 5th and Colorado are also making news.

Third, the northeastern quadrant is bubbling as an “Innovation Zone” – with developments bringing new life to the medical and tech industries, as well as activity related to our state Capitol.  Very recently, Foundation Communities opened it’s affordable housing development: Capital Studios.  This area is also filled, FILLED!!, with blighted parking garages.  Fortunately, Texas State Capitol complex has started getting some attention in recent years.

And, now we’ve arrived at the subject of this post.

Fourth, and finally, the “other” downtown.  The oft overlooked top left corner of downtown.  The tranquil, lush, historically quaint, attorney office dense, northwestern quadrant of downtown!  (Bookmark this: OANA’s terrific historic online tour, block by block)

Chateau Bellevue / The Austin Woman’s Club Exterior – a true gem of downtwon Austin
Privacy Trees around Chateau Bellevue / The Austin Woman’s Club Exterior – a true gem of downtwon Austin
A typical house / office in the northwest corner of downtown Austin
A typical house / office in the northwest corner of downtown Austin
the streets are adorned with lush, green trees
the streets are adorned with lush, green trees
the view of the downtown skyline from West Avenue

We simply don’t hear much from this neck of the woods, even though it’s among the most peaceful and pleasant places to live in downtown, with plentiful tree canopy, open parks, myriad law offices, Shoal Creek, ACC, and tasteful restorations.

It’s also some of the most expensive residential property in the City.  Most of the residential in this area is comprised of single family homes, like this, and this, and this one.  Many of these homes have become office uses, generally of the law firm or other office-practice variety (although some other fun stuff is starting to pop up!).

Austin Panic Room
The Austin Panic Room, a fun new concept that just opened in NW downtown Austin.

The reason we don’t hear of these big, shiny, fabulous, skyline changing developments?  Zoning.  It’s as simple (and as complicated) as that.

For better or worse, many of the lots in the northwest part of downtown Austin simply aren’t zoned for high-rises.  It’s no simple task to get an area that’s this passionate with historic sentiment and neighborhood protections to simply approve mass zoning changes willy-nilly.  Some of the City’s most prime and walkable downtown real estate is almost completely untapped as far as density goes, with most lots being inhabited with one-story or two-story Victorian style homes.  To be clear, we like it this way, too!

There are a few dense developments in northwest downtown, like the newly constructed apartment tower, Seven.  And, Aspen Heights is under construction.  So are the Celia’s Court at 908 Nueces. Also notable, are Westgate and Cambridge Towers, which are along major boulevards.  Typically, in this part of downtown, we expect to see mid-rise developments like 904 West, Park West Condos, and the Nokonah, along with a handful of off-the-radar apartment communities, like the Nueces Flats.

904 West Condos
a small, older condo complex called 706 Condos
The Park West Condos in Judges Hill
Westgate
The brand new Seven apartments
The Penthouse Condos
Construction for the new Aspen Heights Apartments and 8th and Nueces
Nokonah exterior
The Nueces Flats Apartments
Cambridge Towers

You can be on W 6th Street at midnight, then walk stumble 2-3 blocks north along Nueces and it feels like a different, quieter, world.

No doubt we will continue to read headlines about downtown Austin.  Along the way, it will be interesting to observe how the “other” downtown Austin remains relatively media mute.  Maybe it’s better that way.

-Jude

Filed Under: around town, austin condos, austin neighborhoods

Crossing The Chasm: A Perspective On New Construction

Jude Galligan | September 13, 2011 |

Crossing-The-Chasm-Adoption-Lifecycle

Because I’m a real estate geek, I’m continuously looking at sales metrics, updating my databases, and endeavoring to uncover useful information.  In this post, I’m attempting two things: 1) offer some perspective on sales in downtown Austin’s high profile buildings, and 2) predict when those buildings will approach being completely sold.  If you just want the data then skip to the end.

One of my mentors shared with me an insight: the first buyers are innovators – early adopters that fill up the bandwagon and help throttle the acceptance of something new.  It applies to new real estate development, as much as it does to new technologies.

Now that the cranes are long gone, where are the new construction projects in their sales cycles? [Read more…] about Crossing The Chasm: A Perspective On New Construction

Filed Under: austin condos, Austin Real Estate Data & Statistics, DAB Stats, data, statistics, downtown austin

Downtown Austin Condo Sales Remain Strong In May

Jude Galligan | June 7, 2011 |

downtown austin condo closings may

For the first time since the bubble burst, the average price per square foot of a downtown Austin condo has increased four months in a row. Last month, downtown Austin closed 62 condos* with 29 more pending!

Highlights

In May, we counted 41 closings of new-construction condos from the Four Seasons Residences, W Hotel, Austonian, Spring Condos, and Barton Place.  The W takes the cake with 15 closings in May.

On the other hand, the number of resales comes in at 21 units closed – a strong showing – averaging a price of $334 per square foot. We also count 29 resales pending as of May 31st!  So, we can expect next month’s closing count to be similarly strong.

[Read more…] about Downtown Austin Condo Sales Remain Strong In May

Filed Under: austin condos, Austin Real Estate Data & Statistics, DAB Stats, data, statistics, downtown austin, Downtown Austin lofts, condos, apartments

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