Blog Entries Tagged: Residential

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Tagged : Residential

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Austin Chronicle: Exiled from Main Street

Monday, July 8th, 2013 at 1:59pm. 528 Views, 0 Comments.

 

Exiled From Main Street: Can Austin's stock of affordable housing keep pace with high-speed growth?
By: Elizabeth Pagano from the Austin Chronicle


Illustration by Jason Stout    

Last month, The Office ended its nine-year run on NBC with what was ostensibly a happy ending. At least three of its main characters threw caution to the winds and left their respectable office jobs in Scranton, Pennsylvania, to start a glamorous limo-laden life at their new company ... in Austin, Texas.

As a dedicated viewer who wants only the best for her favorite characters, I should have been happy. But I felt my chest tighten a bit when I heard yet another sales pitch for Austin, when I started calculating how many transplants the

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New 23-Story Apartment Tower Planned in Rainey Street Area

Thursday, January 12th, 2012 at 10:45am. 454 Views, 0 Comments.

The developers behind a 44-story downtown condominium high-rise near the Austin Music Hall said today that they are planning their next project: a 320-unit apartment tower that would rise 23 stories in the Rainey Street area.

An affiliate of Novare Group Investments LLC and its Austin partner, Andrews Urban LLC, said they plan to break ground this spring on the project, to be named SkyHouse Austin. Located at 47 Rainey Street on downtown’s eastern edge, the tower would include significant retail space, Novare/Andrews Urban said in a statement.

Novare/Andrews Urban developed the 360 condominium tower with 430 residences at Third and Nueces.

“We are excited to be working with Taylor Andrews on another project in Austin,” said James Borders, president

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Austin Remains Popular With Foreign Real Estate Investors

Wednesday, January 4th, 2012 at 10:58am. 3,878 Views, 0 Comments.

Austin has moved up a few spots on a list of top U.S. cities favored by foreign real estate investors, according to a survey released Tuesday by the Association of Foreign Investors in Real Estate.

The Capital City moved into the No. 8 spot up from No. 11 last year. Houston ranked seventh and Dallas snagged the No. 13 spot after not placing on the list since 1995.

The top five cities for foreign investment in 2012 are New York, Washington, D.C., San Francisco, Boston and Los Angeles.

Sixty percent of survey respondents said they plan to increase their U.S. investments this year, which is lower than the 72 percent from last year. Fifty-nine percent of respondents said the U.S. offers the most stable and secure real estate investments worldwide — the

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Central Texas Home Sales Up 11 Percent in November

Wednesday, December 21st, 2011 at 1:22pm. 292 Views, 0 Comments.

Sales of existing homes in the Central Texas region rose about 11 percent in November, and the area's median home price was up 3 percent compared with the same month last year, the Austin Board of Realtors said Tuesday.

Year to date, home sales are up 7 percent over the same period in 2010, and the median price for the year remained unchanged at $194,000, according to the Board of Realtors data, which cover 18  counties in and around Central Texas.

The board said 1,358 homes were sold in November, compared with 1,225  in November 2010. The median price for last month's sales was $189,300.

"For the sixth month in a row, the volume of home sales in Austin has outpaced 2010, and the inventory of available homes has decreased," said Judith Bundschuh, the

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Construction Set to Begin on Second Phase of Gables Park Plaza

Monday, December 19th, 2011 at 9:53am. 369 Views, 0 Comments.

Gables Residential says it plans to start construction Monday on the 18-story second phase of its Park Plaza apartment project downtown, with 222 units to be built just east of its eight-story, 290-apartment complex near North Lamar Boulevard and West Cesar Chavez Street.

The second phase of the project will also have 14,000 square feet of retail space, said Jennifer Wiebrand,  development director with Gables in Austin. A projected cost  was not available Thursday  for the project, which is just west  of the former Seaholm  Power Plant. The project is expected to be completed by late 2013,  Wiebrand said.

The new Gables phase comes amid a flurry of development in the Austin apartment market, which is the hottest part of the area's real estate

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Get Ready for Some More Mueller Projects

Thursday, December 15th, 2011 at 12:59pm. 357 Views, 0 Comments.

Break out the hard hats and watch out for the bulldozers. A hotela grocery store, and children’s museum will get started at the Mueller development in Q1, says project developer Catellus EVP Greg Weaver. (Convenient too: after a day of wandering through the children's museum, you could use a place to rest your head.)  Greg tells us the almost 75k SF H-E-B (which is going for LEED Silver cert) will be a green prototype for the supermarket; it’s scheduled to open  Q1 ’13. Also at the site: Austin ISD announced plans to locate its district-wide performing arts center at Mueller, although no date has been announced for its construction, Greg says. (Great theater cannot be rushed; ask anyone from NYC about the Spiderman musical.)  And Standard Pacific Homes

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Downtown Post Office to Be Sold; No Word Yet on What's Next For Site

Wednesday, December 14th, 2011 at 5:00pm. 568 Views, 0 Comments.

The U.S. Postal Service said today that it plans to sell its downtown station on Guadalupe Street to Atlanta-based Novare Group and its Austin partner, Andrews Urban, the companies that developed the nearby 360 condominium high-rise. The sale is expected to close in mid- to late 2012.

Novare had the post office site under contract several years ago, with plans to build its second downtown condo high-rise project, but delayed those plans due to the economic downturn.

Taylor Andrews, president of Andrews Urban, on Tuesday said his group and Novare “have reached agreement on how to move forward with our purchase of the site.”

“It is under contract and we are exploring our options for the optimal development of the site, which could include office,

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Approval of Downtown Austin Plan Launches Decade-Long Improvement Process

Wednesday, December 14th, 2011 at 3:39pm. 750 Views, 0 Comments.

CENTRAL AUSTIN — After six years of research, public discussion and city meetings, the Austin City Council has unanimously approved the implementation of the Downtown Austin Plan, an outlined process designed to facilitate, shape and manage Austin's growth within its downtown sector.

The DAP provides the downtown area—bounded by Lamar Boulevard, Martin Luther King Jr. Boulevard, I-35 and Lady Bird Lake—a set of guidelines that establishes priorities for the city to meet over the next 10 years to make downtown a "livable, walkable, connected, inclusive, affordable, culturally alive and economically strong" environment.

The City of Austin first launched its DAP initiative in 2005 when it called for the plan's creation. According to city documents, staff

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