Downtown Austin Blog

downtown Austin's real estate and neighborhood blog

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Members

Monthly Transaction Summaries:

  1. 2010 – 04 (April) transaction and statistical report (.pdf) (article)
  2. 2010 – 05 (May) transaction and statistical report (.pdf) (article)
  3. 2010 – 06 (June) transaction and statistical report (.pdf) (article)
  4. 2010 – 07 (July) transaction and statistical report (.jpg) (article)
  5. 2010 – 08 (August) transaction and statistical report (.pdf) (article)
  6. 2010 – 09 (September) transaction and statistical report (.pdf) (article)
  7. 2010 – 10 (October) transaction and statistical report (.pdf) (article)
  8. 2010 – 11 (November) transaction and statistical report (.pdf) (article)
  9. 2010 – 12 (December) transaction and statistical report (.pdf) (article)
  10. 2011 – 02 (January) transaction and statistical report (.pdf) (article)

Welcome to the member area for Downtown Austin Blog.  Here you can access articles and information not available on the public blog.  Check the comments regularly as we keep an ongoing record of transactions as they happen.

Your feedback is appreciated! -Jude

Historic Downtown Sampson Building Will Host New Co-Working Space

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Co-working in downtown Austin has arrived, and competition is delivering flexible work spaces that are incredible.

WeWork is set to expand through to two additional floors (close to 1,000 new desks) in their current building right around the time of the opening of the 25,000 square foot Galvanize space in the Seaholm development.  Capital Factory, the original downtown Austin co-working/incubator/accelerator concept, is a major player in the market, as well.

Those large concepts look impressive, but aren’t a fit for everyone looking for a quieter space to be productive.  The result is that there are new co-working concepts leveraging smaller spaces in historic buildings.

As I walk into the space on the top floor of the Sampson Building on Congress Avenue, I am immediately struck by the quiet – audibly and visually.  The lack of distraction, hectic bustle, and co-working “flair” sets a much different tone than what I’m used to seeing in the other downtown Austin concepts (wework and galvanize), and the atmosphere is just one of the ways Open-Source Co-Working is trying to set itself apart from its larger competitors.

I’m a sucker for a historic building.  The patina and beauty that comes from being in a building like the [Read more…] about Historic Downtown Sampson Building Will Host New Co-Working Space

Handful of This Week’s Downtown Austin Events (and one on the East Side)

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DANA Urban Core Happy Hour
Sunday, November 16, 2014 – 2pm-4pm
Hotel Ella

RSVP Required.

hotel-ella

DANA members and guests are invited to enjoy the hospitality of the recently revamped Hotel Ella.

On the menu:

  • Truffle Risotto Cakes
    Crab Cakes with Lemon Aioli
    Chorizo stuffed bacon wrapped dates with piquillo pepper sauce
    Antipasta Buffet Bar with imported cheese, house cured meats, preserved local fruits, and peppered flatbread with assorted crackers

+ complimentary beer, wine, and cocktails!

Creek Show, Light Night
Thursday, November 13, 2014 – Sunset ’til Late
Waller Creek (between 5th street and 7th street)

Event website.

"Flow" installation, Design Workshop
“Flow” installation, Design Workshop

As the sun sets on Waller Creek, five site-specific light installations will be revealed. These installations, all created by Austin-based architects and landscape architects, will illuminate Waller Creek in new and exciting ways. See the designs, hear local music and learn more about the future of Waller Creek.

East Austin Studio Tour
2 Weekends: November 15-16, November 22-23 – 11am-6pm
Various locations

Event website.

hallie

Big Medium presents the 13th East Austin Studio Tour! EAST is a free, annual, self-guided art event occurring over two weekends in November, providing the public with an opportunity to meet the makers: the local artists and artisans who leave a lasting imprint on Austin’s vibrant, dynamic culture. Tour-goers are invited to discover new artistic talent, see working studios, learn about artists’ tools, techniques, and inspirations, and explore unique exhibition spaces and local businesses.

One of the artists we love to support, Hallie Rae Ward, will be showcasing her work at Createscape Coworking.  Check it out!

Fifth & West Residences: The Next Austin Condo Tower

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The Statesman confirmed today what many of us have been expecting, the former offices of the Texas Press Association located at the corner of Fifth Street @ West Avenue, will be razed and construction to commence on a 39 story condominium.

Known officially as Fifth & West Residences, it is the first condo project in downtown Austin to reveal official plans to begin accepting reservations since Seaholm.  Seaholm Condos is notable as it was announced almost exactly one year ago, and was fully reserved within just a few days of that announcement.

We first learned about Fifth & West earlier this year when the project came before the Downtown Commission, and we observed just how compact a footprint the building will have.  So, maximizing FAR was crucial to developing the site.  One of the more notable pieces the developer offered for density bonuses was subsidized Car2Go, B-Cycle, and Shoal Creek Conservancy memberships for each residence.  It is to be determined if those commitments carried through the entitlement process.

[Interior renderings by Michael Hsu Office of Architecture]

Tall and slender (think Spring Condos) because of the property’s small foot print, combined with the the impact of the Capitol View Corridor, the building’s architecture will be a unique triangular tower, with the longest plane facing southeast.  The surrounding businesses, notably Austin Urban Vet, Kung-Fu Saloon, Jerry Kunz design, and Molotov, will remain untouched by the vertical development.

Below is a summary of what we know about Fifth & West Residences:

  • Project name = Fifth + West Residences
  • Address = 501 West Avenue, Austin, TX 78701
  • Project type = condominium
  • Number of residences = ~154
  • Target pricing = ~$740 per foot, on average
  • Building height = 448ft
  • Unit sizes = average of 1,624 sf  (1, 2, 3 bedroom plans)
  • Developer = Riverside Resources
  • FAR = ~20:1
  • Architect = GDA Architects (Interior Michael Hsu)
  • Anticipated delivery = Autumn of 2017

It’s interesting to see how a large Capitol View Corridor impacts vertical development, forcing architects and developers to finesse the building envelope.

Capitol View Corridor
A large Capitol View Corridor cuts through downtown Austin, Fifth & West to the left

Pre-sales process will be announced soon.  Until then, if you’re interested in making a reservation, contact us for more details!

-Jude

Comparison of GDA Architect's rendering to what the corner of 5th & West looks like today
Comparison of GDA Architect’s rendering to what the corner of 5th & West looks like today

DANA to Host Transportation Forum Monday, July 28

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The Downtown Austin Neighborhood Association will be hosting a Transportation Forum THIS upcoming Monday, July 28, at Malverde – a lush, swanky private event space downtown located right above La Condesa.

The focus of the forum will be the proposed Urban Rail alignment from Project Connect, which DANA has publicly supported.  The current rail alignment would cut right through downtown through Trinity Street.  The current plan would also cause the less than 2-year old Waller Creek Boathouse (which is the location of one of my favorite little coffee shops, Alta’s) to be demolished to make way for the bridge over lady bird lake – which has caused a good amount of grumbling.

The program for the presentation will be as follows:

6:00pm – Doors Open
6:15-6:30pm – Presentation by Project Connect
6:30-6:35pm – Response
6:35-6:50pm – Presentation by AURA
6:50-6:55pm – Response
7:00-7:30pm – Q&A

So, as you can see, this will be more of a dialogue or debate rather than just a stiff ol’ presentation. AURA believes that the proposed urban rail route is actually worse than doing nothing.  I’m expecting things to get a little heated, for sure – which means this should be pretty darn interesting. Is it bad that I’m excited?

release-the-hounds
“Release the hounds!”

The event is free, but priority entry will be given to DANA Members, and RSVP is required.  Seating is limited.  Malverde will be offering 1/2 priced drinks and DANA is footing the bill for some light appetizers.

You can RSVP to the event directly from DAB: