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Downtown Austin Open Houses

Jude Galligan | March 28, 2010 |

Downtown Austin open house listings for Sunday, March 28th

Ahhh… it’s 8am and it looks like another beautiful day in Austin, Texas. If you’ve been considering buying a downtown Austin condo, then you should come down and check out a few open houses. You can generally walk from building to building. When you’re done, you can enjoy an afternoon on Lady Bird Lake by renting a canoe or kayak from Matt Knifton at the Texas Rowing Center.

This weekend you can browse at your own pace at the Austin City Lofts, 36o condos, Cambridge Tower, The Shore condos, Spring condos, and the Austonian sales center. If you’re into adaptive reuses of older buildings, checkout DAB’s list of downtown Austin lofts for sale. Looking for downtown Austin FHA approved condos in order to qualify for 3.5% down? We’ve got the info.

Sunday
1) 603 Davis #1503, 2bd, 2ba, $695,000, 2-4pm [AvenueOne]
2) 800 W 5th #601, 2bd, 2ba, $649,900, 1-3pm [Urbanspace]
3) 360 Nueces #2508, 1bd, 1ba, $287,500,11-2pm [Platinum Realty]
4) 1801 Lavaca #15A, 2bd, 3ba, $411,000, 12-4 [Uptown Condos]
5) 1801 Lavaca #4J, 3bd, 2ba, $469,000, 12-4pm [Uptown Condos]
6) 300 Bowie St, Spring sales center, model units, 1-5pm map website
7) 200 Congress Ave, Austonian sales center located at 300 W 6th, 12-5pm map website

Don’t see the properties you’re interested in? Ask a Realtor who lives and works in downtown Austin.

Downtown Austin Open Houses

Jude Galligan | March 14, 2010 |

Open houses in downtown Austin for Sunday, March 14th

The great thing about downtown Austin open houses is that you can generally walk from building to building. If you’re into adaptive reuses of older buildings, checkout DAB’s list of downtown Austin lofts. Looking for downtown Austin FHA approved condos in order to qualify for 3.5% down? We’ve got the info.

This weekend you can browse at your own pace at the Milago condos (btw, have you visited Rainey Street recently?), Towers of Town Lake, 360 condos, Spring, and the Austonian sales center.

Sunday
1) 54 Rainey St, #501, 2bd, 2ba, $369,900, 12-3pm [Pacesetter] map
2) 40 N Interstate-35, #11A3, 2bd, 2ba, $584,000, 2-4pm [Turnquist] map
3) 360 Nueces St, #2508, 1bd, 1ba, $287,500 11-2pm [Platinum Realty] map
4) 360 Nueces St, #1810, 1bd, 1ba, $279,800 2-4pm [Urbanspace] map
5) 300 Bowie St, Spring sales center, model units, 1-5pm map website
6) 200 Congress Ave, Austonian sales center located at 300 W 6th, 12-5pm map website

Don’t see the properties you’re interested in? Ask a Realtor who lives and works in downtown Austin.

Sabine On Fifth Auction Results

Jude Galligan | February 28, 2010 |

UPDATE: As of 3/24/10 there are five units remaining at the Sabine. Send me a message for availability.

[youtube = http://www.youtube.com/watch?v=qWCrXuNJJRk]

In a packed house, over 200 registered bidders showed up for the auction of 31 units at the Sabine on Fifth condos. 31 29 buyers walked away very happy, as this was believed to be the last great buying opportunity for attainably priced downtown Austin new construction. Where 27 units were originally intended to be auctioned, earlier in the week CWS (developer) decided to include three more, then in the final minutes of the auction they included another 1bd.

The building has 80 units total. Once the 31 auction units close, there will be 13 new construction units remaining. These will be sold through traditional channels. 36 units closed before the now settled lawsuit was filed in February of 2009. During 2009, the 44 remaining units were taken off of the market due to litigation. This auction marked the “re-debut” of the Sabine.

# of units offered = 31 (29 bids accepted as of 4pm Sunday)
Avg winning bid (inc. 4% prem.) = $228psf
Avg original asking price = $326psf
Avg discount from asking price = 30%

You’ll recall that the Brazos Place auction fetched an average of $281psf, and that was an avg 29% discount from original asking price.

-Jude

Downtown Austin Crime Watch Suspect

Jude Galligan | February 2, 2010 |

Keepin’ it real. The real money has always been in sanitary napkin dispensers.

Begin forwarded message:

From: 6th Street Austin <info>
Date: February 2, 2010 8:01:41 AM CST
To: jude
Subject: Crime Watch Suspect

CRIME NOTICE FROM APD
We just received the attached photograph of a person of interest taken earlier today in a downtown high-rise office property. The individual is suspected of going floor to floor, breaking into sanitary napkin dispensers and stealing the coins.

Please circulate this among your property staff and security. If this person is seen on your property, please call 911 immediately to notify the police and to file a criminal trespass warning against him.

Yours,

Tim League
chairman
6Ixth Street Austin

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SXSW Venues Available For Lease

Jude Galligan | January 21, 2010 |

UPDATE: For SXSW 2012 venue and event rental contact Downtown Austin Blog here

It should come as no surprise that downtown Austin venue rental during SXSW is not cheap. Want to brand a piece of real estate off of 6th Street? $10k in venue rental + $10k guarantee in drink sales was what one national brand paid a venue on Red River for a single day last year. Of course, there are other deals depending on what your company is trying to accomplish. SXSW brings ~100,000 people into downtown Austin, and competition for space is fierce.

Knowing the venues and the operators is key. If you send me a note telling me about your company/group, describing the kind/amount of space you need, how long you need the space for, and for what purpose, I’ll be happy to talk with you about what’s available.

-Jude