Austin Real Estate Blog: Austin Home & Condo News

Keep on top of the latest happenings in the Austin real estate scene. Whether it's the latest developments or market reports - you'll find it all here.

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Austin Real Estate

Keep on top of the latest happenings in the Austin real estate scene. Whether it's the latest developments or market reports - you'll find it all here.

There are currently 106 blog entries related to this category.

Downtown Development Digest: 70 Rainey St.

Friday, January 16th, 2015 at 10:14am. 190 Views, 0 Comments.

Downtown Development
70 Rainey St.
1.16.15 

Rainey Street has witnessed dramatic change over the past five years, and the once quiet neighborhood is quickly developing into a robust downtown district. The recent announcement of a mixed-use tower at 70 Rainey will only add to its growth.

The 70 Rainey plot has seen several owners throughout the past few years, but Sackman Enterprises now stakes claim to the well situated site. Last year, Sackman purchased 70 Rainey from Riverside Resources and released plans for a condo development. 70 Rainey joins The Independent and 5th & West as downtown Austin's most recently announced condo towers.

The proposed 200 for sale residences will be housed within a 35-story tower, and projected retail and

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Downtown Development Digest: The Independent

Thursday, January 8th, 2015 at 2:02pm. 160 Views, 0 Comments.

Downtown Development Digest
The Independent
1.8.15

Last month brought an exciting new announcement for the Austin community. The Independent, a condo tower to be built at the intersection of 3rd and West (formerly the Energy Control Center) was announced. The new landmark in our Austin skyline is expected to be the tallest structure in Austin. A recent Austin Buisiness Journal article details the recent history of the site: “The project is part of the complicated redevelopment of several adjacent properties that had been owned by the city — the Seaholm Power Plant, Green Water Treatment Plant, and the Austin Energy site. Seaholm and Green Water are in the midst of most of the downtown building action.” (Jan Buccholz of the Austin Buisiness Journal)

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Downtown Development Digest: Hotel Zaza

Thursday, December 11th, 2014 at 11:58am. 269 Views, 0 Comments.

Downtown Development Digest
Hotel Zaza
12.9.14 

Hotel Zaza is officially joining the lineup of new downtown Austin hotels. The management group, Z Resorts Management LLC, is creating a a 24-story hotel, complete with two restaurants, a bar, conference rooms, and private residences on top with rooftop pool.  Z Resorts Management is a Texas-based company that already has luxury boutique hotels in Houston and Dallas. They are coming to the Austin marketplace as a veteran of niche markets. 

“ZaZa will join other hotels under construction downtown, including the 1,012-room JW Marriott convention hotel, a Westin hotel and the Hotel Van Zandt.” Says Shonda Novak, of American Statesman. With the JW Marriot slated for a grand opening on February 13th

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Downtown Development Digest: Westin Austin

Thursday, November 20th, 2014 at 1:18pm. 198 Views, 0 Comments.

Downtown Development Digest
Westin Austin
11.20.14 

While many are focused on a number of hotels popping up in the Austin skyline (namely the JW Marriot, Hotel Van Zandt, and the Fairmont Hotel), not much attention has been paid to the rise of the Westin Austin.  Entering Austin’s central business district corridor, this 17 story, 366 room, hotel is targeted to open it’s doors summer of 2015. The tide of upcoming luxury hotels in Austin is partially spurred by the rapid growth of our town, and partially due to a huge demand for short term housing during popular festivals such as SXSW and ACL.

Located at the corner of San Jacinto and 5th Street, the hotel will have 14,500 square feet of conference room and meeting space, a 4,500 square foot

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Live the Lifestyle, Love the Lifestyle: Top 5 Weekend Picks 11.14 - 11.16

Friday, November 14th, 2014 at 3:53pm. 177 Views, 0 Comments.

LIVE THE LIFESTYLE, LOVE THE LIFESTYLE



Urbanspace’s Top Five Weekend Picks
 



November 14th - November 16th, 2014

What: FAI World Cup of Indoor Skydiving 2014
Where: iFly Indoor Skydiving13265 N US 183 Suite A Austin, TX 78750
When: Saturday, Nov. 15th, 2014 at 7 a.m. and Sunday, Nov. 16th, 2014 at 7 a.m.
Why: In the very first FAI sanctioned wind tunnel competition ever, iFly Austin will be competing in synchronized, group formation, and freestyle skydiving. This looks like it could be a very interesting morning!

 

What: Comedy: Moontower Comedy presents Anthony Jeselnik
Where: Paramount Theatre 713 Congress Avenue Austin, TX 78701
When: Friday, Nov. 14th, 2014 at 7 p.m.
Why: Anthony Jeselnik (who you may recognize from his Comedy Central

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Downtown Development Digest: The Bowie Residences

Thursday, November 6th, 2014 at 2:34pm. 292 Views, 0 Comments.

Downtown Development Digest
The Bowie Residences 
11.6.14 

The Bowie Residences (previously 311 Apartments) was originally stalled due to the placement of a pecan tree. After solving the issue, the Bowie has been steadily creeping upward over the past several months. HKS Inc. is the Dallas-based architecture firm behind The Bowie. HKS Inc. is also responsible for The Ashton and Frost Tower. 

The building will consist of 358 luxury apartments, 42,000 square feet of office space, and 3,000 square feet of ground level retail space. Construction began at the end of 2012, with a projected completion of Q4 2014.  While The Bowie’s official website still claims the late 2014 opening, more specific dates have yet to be posted.

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Downtown Development Digest: 5th & West Residences

Thursday, October 16th, 2014 at 1:55pm. 454 Views, 0 Comments.

Downtown Development Digest: 
5th & West Residences
10.16.14 


The northeast corner of West 5th St. and West Ave. is slated to be the newest set of high-rise condos in downtown Austin. Named 'Fifth and West Residences', and led by Riverside Resources, the building will have 154 residences, starting in the $500,000s.

Fifth and West Residences will be the fifth tallest tower in Austin (The Austonian, 360 Condominiums, W Residences, and Frost Bank Tower taking the four previous slots). Included in this project will be a lounge, coffee bar, fitness center, yoga studio, dog park and a scenic pool deck. “This announcement is really exciting because it is the first new condo tower to break ground outside of Seaholm since 2010,” said Charles

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Downtown Development Digest: Dell Medical School, University of Texas

Thursday, October 9th, 2014 at 1:35pm. 325 Views, 0 Comments.


Downtown Development Digest: 
Dell Medical School at The University of Texas
10.8.14 

The projected longevity of Austin’s economic strength extends well beyond the borders of the tech industry. With the highly anticipated opening of the University of Texas Dell Medical School just around the corner, we can look to a blossoming medical industry to propel our continued economic growth and prosperity. Clay Johnston, the Dean of the Dell Medical School, says “We have a responsibility to take advantage of our newness, to test out different ways of doing things that could become models for the rest of the country.” This guiding attitude has permeated every element of this project and will subsequently enable a platform of ingenuity and fresh ideas. “This…

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Downtown Development Digest: Waller Creek

Thursday, October 2nd, 2014 at 10:35am. 1,347 Views, 0 Comments.

Downtown Development Digest: Waller Creek Flood Diversion Tunnel
 10.2.14

 

As the Waller Creek Diversion tunnel nears its late 2014 finish date, you may be asking yourself, “why should I be aware of a flood diversion tunnel?” The answer is that this is a much bigger project than just flash flood protection. It all started with a rainwater retention basin, which is expected to open up an estimated 28 acres of land west of I-35 for development.

As Austin’s downtown becomes more dense with high-rises and vertical mixed-use developments, the potential damage and economic impact from flash floods increases. This diversion tunnel will directly combat that potential damage by diverting the floodwaters through a 26 foot tunnel that is 65 feet

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Downtown Development Digest: Preleases Bring Bright Outlook to Downtown Austin's Future

Friday, September 26th, 2014 at 9:43am. 518 Views, 0 Comments.


Downtown Development Digest: Preleases Bring Bright Outlook to Downtown Austin's Future

With the all the new buildings slated for downtown Austin, one might think that law of supply and demand would hold true. According to CBRE and The Wall Street Journal, that isn’t the case.

Preleasing on available developments shows that the occupancy rate may actually rise in downtown Austin. Over the next 15 months, the five projects slated to open are preleased at over 90%. Cousins Properties Inc. (builders of Austin’s Frost Bank Plaza) announced Colorado Tower is 95% leased, and with time to spare before it is scheduled opening in early December.

This increase in demand over the rising supply bodes well for Austin’s metro center, as this rise in

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