Search Results for: four seasons

Day three, becoming a model urban neighborhood: what does Downtown Austin need?

Jude Galligan | February 17, 2009 |

Each day this week I am serving up one item, with non-politically correct candor, that Downtown Austin needs to become a model of re-urbanization, as I see it.

Politicians love to talk, form task forces, and spend time doing everything except for making decisions as they are needed. So, this is an appeal to Downtown Austin stakeholders that know how to get things done: the residents, developers, retailers, and land owners.

I want more local grocery stores like Royal Blue or Fresh Plus

Developers, do you want a successful building? Then just give George Scariano space with free rent. I’m only partially kidding. This is a huge amenity. Not just developers, but the hotels and convention center should be lobbying for this type of retail. Fancy finish-out not required. A successful Downtown neighborhood has multiple choices for purchase groceries on a daily basis. The only thing that bugs me about Royal Blue is that both locations are on the wrong side of Congress for me to quickly get there.

Tim Finley has a place available at E. 5th @ Trinity – the large warehouse where Paradox used to be located. Think of the convention and hotel traffic in addition to the residential business from 555, Brazos Lofts, Avenue Lofts, Sabine, and Railyard. These are all located within a couple of blocks of 5th @ Trinity and combined include over 368 units not counting the Four Seasons!

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.

Downtown Austin By The Numbers: How many hotel rooms?

Jude Galligan | November 25, 2008 |

by jude galligan

If you’ve ever had family visit on a weekend when there was a UT home game, then you’ve likely seen downtown Austin hotel rates jump to over $400 per night. Central Austin is notorious for having insufficient hotel space. I’ve taken a non-scientific, yet hopefully rigorous approach – I called every hotel in downtown Austin and simply asked “How many hotel rooms do you have?”

The answer is after the jump!

New Apartment Tower At 97 Trinity?

Jude Galligan | August 9, 2012 |

Based on conceptual plans filed with the City of Austin, national real estate developer Wood Partners could be entering the downtown Austin apartment market with a tower at the southeast corner of Trinity @ Cesar Chavez. Recently, it was announced that the one-acre site was sold from Hixon Properties to World Class Capital Group.

The plans refer to the project as “Trinity Place.”

Even with the Lakeside apartments to the south, a 6-9 story structured parking garage would allow clear lake views for most of a residential tower. Lakeside is an aging structure, so perhaps this is an opportunity for the City to partner with a developer to provide a modernized affordable housing component. Also, I think the Convention Center could be interested this site for future expansion. Either way, it’s exciting to see something happening on this site.