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Pics From DANA Social at Annie’s On Congress

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Thanks to Escobedo Esthetics and Annie’s Cafe for sponsoring this month’s Downtown Austin Neighborhood Association Happy hour! Escobedo just moved into the ground floor of the Spring Condos, and last night they brought with them a fancy skin care machine that yours truly experienced. Annie’s provided an outstanding spread of food, helpful staff, and terrific venue. [Read more…] about Pics From DANA Social at Annie’s On Congress

Downtown Austin Link Roundup

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The news didn’t stop to take a breath this week, at least as it relates to downtown Austin.  Lots of announcements, lots of speculation.  These are the stories we’re following.

1) 219 West is moving from Warehouse district to West 6th Street, into the old Union Park space.  (link)

2) In “how will they fit it in there?” news: a proposed tower between Shoal Creek and Spring Condos, behind Tiniest Bar In Texas. (link)  UPDATE: Zoning change approved (link)

3) The White Lodging Hotel on Congress Ave isn’t the only proposed hotel.  In fact, there’s another player looking at the lot next to the Palm School, and they are not seeking any fee waivers.  (link)

4) Austin City Council delays vote on the White Lodging (“Mega Hotel”) fee waivers. (link)

5) Permanent supportive housing should not be placed near other social services (link)

6) Gables Republic Park says they won’t build soon, or at least until Travis County gets a clear vision on its new downtown courthouse site.  (link)

Downtown Austin Condo Sales Remain Strong In May

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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.

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Downtown Austin Condo Transaction Report For April (And March, Sort Of)

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In April, I didn’t publish a transaction summary covering March’s downtown deals.

I had assembled all the info, drafted the post, and it was ready to publish.  Some of you noticed that I never got around to posting it, and I’m sorry for not getting it out there (here’s to you John K.).

Jude, why u no post March data?

First and fortunately, I was at the tipping point of having more business than I could handle.  Springtime is always busy for me.  Combine that with opening the RE/MAX Downtown Austin office and I got distracted, operating on little sleep.

Secondly, I couldn’t come up with a headline for March!  March’s data didn’t seem to have a compelling story.  March’s data seemed too predictable.  That spooked me – what was I going to write about?  DAB readers have built up filters to exaggerated headlines, but readers do expect a story.  You should expect some insight.  What’s the story?

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