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Ashton Austin – Buzz

Jude Galligan | March 16, 2009 |

Pricing for the downtown Austin apartment building, the Ashton Austin, is available – Jude Galligan, 512-226-3414, judegalligan [@] gmail.com

Click here for complete Ashton Austin coverage.

Ashton Austin - Cesar Chavez @ Colorado
Ashton Austin - Cesar Chavez @ Colorado

People are wondering when the Ashton (formerly “Alta Vida”) will be ready for move in.  Hanover’s 259 unit building has been an informational black hole.  No pricing, no floor plans, no launch date.  Nada.  The lack of information keeps us intrigued!

I spoke with a contact at Hanover this morning and was able to dig up a few juicy facts.

1) There will be five penthouse units ranging from 2,527/ft – 3,218/ft
2) No three bedroom units (except for two of the five penthouses)
3) The largest suite is a 2/2.5 + study at 2,200/ft
4) At 880/ft, not including a balcony, the smallest one-bedroom is relatively large
5) Pricing has not been finalized but is expected to be at par with AMLI on 2nd
6) Level seven will feature an amenity deck (pool, fitness, lounge, etc)
7) There are three 1,550/ft live/work units (2bds/1.5ba) on the first floor featuring a garage and access from the ground level

Move in is planned for May 1st! So, we should see pricing and floor plans within 2-3 weeks.  If you want to see what the finishes will resemble check out 7riverway.com

-Jude

Filed Under: austin apartments, downtown austin, Downtown Austin lofts, condos, apartments, Real Estate, rumors, gossip

Downtown Austin Condos: Build or bust? Fact or editorial disguised as fact?

Jude Galligan | November 28, 2008 |

by jude galligan

does the statesman use dirty headline tactics?
"At last?"

The Austin American Statesman is one of two local papers (the other being the Chronicle) that reach Austin’s masses. These newspapers set the agenda and guide the discussion on topics of their choosing. The words printed on the pages of the Statesman, Austin’s most widely read newspaper, have the power to affect the home values and lives of thousands of Austinites. With that power comes responsibility.

Wednesday morning I picked up a Statesman at Jos Coffee and in big bold black letters “Condos caught by crisis at last”, “Breakneck rate on sales of units, construction slows as credit and capital dry up”.

Curiously, neither of those dramatic headlines exist in the online version of the article. In the print edition, immediately to the left, in much smaller font, was the news – the government is injecting $800MM to expand the credit markets.

Shonda Novak is a staff writer at the Statesman and wrote the above article. Shonda has been reporting on Austin real estate for years. If Shonda writes that the sky is falling on Austin real estate, then 100k+ Austin readers look at their spouse and say “Hon, did you see that article in today’s paper about Downtown condos? I’m telling you, Babe, those developers will never sell all those condos! Just wait and they’ll be selling them at twenty cents on the dollar!”

I read and re-read the article. Seeing the print edition headline, I expected catastrophe. Instead, I found nothing at all particularly newsworthy.

Is it possible that the Statesman’s headline was overly sensational?

Taking a similar approach to how I dissected this article, after the jump, I’ve cut/pasted a handful of quotes from the article, and then I explain if that quote is, generally speaking, true, false, or if the quotes are generalizations or simply editorial in nature.

[Read more…] about Downtown Austin Condos: Build or bust? Fact or editorial disguised as fact?

Filed Under: austin news, development, downtown austin, Real Estate, sold Tagged With: condos, downtown austin apartments, downtown austin real estate, statesman

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