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Downtown Development Digest | Hotel ZaZa + Gables Residences

The New Hotel ZaZa will be approximately 24 stories and include hotel rooms and some residences. This boutique hotel is a member of the Hotel ZaZa family, a group of luxury hotels you will only find in Texas. This new building, found at 401 Guadalupe Street, is set to open Summer of 2019. The hotel will go up to the 12th floor, with 160 rooms, and the 13th floor and beyond will be residences, 215 luxury apartments to be specific. The hotel will be considered a Austin Energy Green Building, with a two-star rating, thanks to energy-efficient appliances and other “green” features. The ground floor of Hotel ZaZa will have a fun bar area and a “Za Spa,” open to residents as well as the public. The residences will include a fitness center, a library, a pool and hot-tub, and an outdoor fireplace and lounge. There will be two pool decks, one for the residences and one for the hotel. Both decks and many other amenities on the site will have views of Republic Square Park and the downtown skyline. The residences will begin leasing late Summer 2018, with an opening date the following year. The lot at West Fourth and Guadalupe will add some incredible real estate to the downtown Austin experience.

 

Love the Lifestyle | Top August 2018 Events

Top 10 August Events


 

 

Austin Duck Derby
Anne Richards Bridge and Lady Bird Lake
August 4th, 2018 | 10:00 AM

Come on out to Lady Bird Lake for the annual Austin Duck Derby! At 11:00 a.m. sharp, organizers will release 20,000 eco-friendly ducks from the Congress Avenue Bridge into Lady Bird Lake and race them. The festival and race are free to attend, but if you’d like to adopt a duck, they’re available on the event website! The top-finishing ducks will win awesome prizes, and all proceeds from the event go to the Austin Boys and Girls club! After the duck race, be sure to hit up the festival for lots of fun, food, games and more! 

 

 

 


 

Trailer Food Tuesdays
The Long Center
August 19th , 2018 | 9:00 AM

Austin is known for it’s amazing food trucks, so what better way to celebrate Summer than by having several great food trucks all in one place for a local celebration? Try classic Austin food trucks, craft beer, and live music, with a view! Check out Trailer Food Tuesdays and grab a bite from 5 pm – 9 pm.

 

 

 


 

Blues on The Green
Zilker Park
August 8th, 2018 | 8:00 PM 

This August 8th, come out to Zilker Park for a free concert from a favorite local band Wild Child. Bring a blanket and enjoy this fun, live show with friends and family of all ages. There will be food vendors at the event, too!
Zilker Park, August 8th at 7:00 P.M.

 

 

 

 

 


 


Austin Chronicle Hot Sauce Festival
Austin Fair Market
August 26th, 2018 | 11:00 AM-5:00 PM

The Austin Chronicle is hosting their 28th annual Hot Sauce Festival and Competition on Sunday, August 26th! The entry fee to the event is $5 or three non-perishable food items, all benefitting the Central Texas Food Bank! The event will have live music, the opportunity to sample hundreds of Central Texas’ best salsas, as well as local food and drinks. Enjoy this spicy event at Austin Fiesta Gardens!

 

 

 

 


 

Batfest 2018
Congress Avenue Bridge
August 18th, 2018 | 4:00 PM–Midnight

Batfest is back this year with a ton of fun. Watch over 1.5 million bats fly out from the Congress Avenue Bridge, while catching great live music, enjoying local foods, art vendors, crafts, games and more. Dress up like a bat and win a great prize in the costume contests! There are tons of activities for all ages. Grab your tickets and get ready to party!

 

 

 

 

 


 

Austin’s Birthday Bash
Republic Square Park
August 4th, 2018

Republic Square Park is home to an all-day celebration of the city’s birthday! On Saturday, August 4th, spend a day at a farmer’s market, enjoy a free community workout, free cake, live music, food vendors, games, prizes, and more. The event will start at 9 a.m. and go through 10 p.m. Join Austin in celebrating its 179th anniversary!

 

 

 

 

 

 

 


 

Movies in the Park
Martin Multipurpose Fields 

August 16th, 2018 | 8:30 PM 

On August 16th, enjoy a free movie, 10 Things I Hate About You, at Martin Multipurpose Fields! Austin Parks Foundation is putting on a series of free movie showings, in partnership with Whole Foods Market and Alamo Drafthouse Cinema’s Rolling Roadshow. Bring friends and family! There will be food trucks, too! 

 

 

 

 

 

 


 

                                                                 

Quesoff
The Mohawk 
August 25th, 2018 

  On August 25th, venture over to the Mohawk and catch the Quesoff 2018! The 8th annual contest will feature hundreds of local quesos. Entrance is $2, or two canned goods, which will all go to Central Texas Food Bank! Grab a bag of chips for $5, and try all the queso that your heart desires, in the meaty, veggie, spicy and wild-card categories.   

 

 

 

 

 

 

 


 

Austin Pride
Fiesta Gardens
August 11th, 2018


 The Austin PRIDE Festival is one of the biggest LGBTQ+ fundraisers and awareness celebrations in Texas. Come out to Austin’s Fiesta Gardens for lots of events, celebrations, and a huge parade! There will be prizes, games and free temporary and henna tattoos. Get your tickets to the celebration now! 

 

 

 

 

 


 

Deep Eddy Splash Movie Nights
Deep Eddy Pool 
August 4th, 2018 

This year, Deep Eddy Pool and Austin Parks Foundation are back with more Splash Movie Nights! On August 4th, come out to Deep Eddy Pool to experience Coco. Infants are free, children 1-11 are $1, Juniors age 12-17 are $2, and adults age 18-61 are $3. 

 

 

 

 

In the News | Bird Rides Launch in Austin

Bird Rides, a venture-backed rental app based in Santa Monica, launched its electric scooters throughout Austin in early April.

Austin, being a known leader in forward thinking, is an ideal location for Bird to launch their new, modern mobility solution. This modernized approach of dockless and electric vehicle sharing offers communities an easy, eco-friendly way to get around issues of time constraints and traffic congestion. Talk about an innovative form of transportation!

Users of this ride-sharing service are charged $1 to start the scooter and 15 cents per minute that its used, must be over 18 and must consent to a safety agreement. Bird Rides uses their app to unlock the rental scooters and to provide their users with step-by-step instructions, as well as parking and safety reminders.

Bird Rides, striving to work closely with cities, has a mission to make transportation better, more accessible and more environmentally friendly. The dockless scooter and bike company has already partnered with cities throughout California, as well as with Washington D.C..

Since the Austin launch, controversy has hit the city and Austin officials have already impounded over 50 Bird scooters that were left in violation of city code. The City Council originally planned a pilot program for dockless bike and scooters to begin this summer. However – with Bird Rides and LimeBike launching their ride share services earlier than expected – the city has been thrown into a state of playing catch-up, as they continue to determine if any special laws and regulations apply to the companies.

The current situation of vehicle sharing deems to be similar to the Uber and Lyft controversy experienced in 2016. The city is merely aiming to take precautions in regard to the scooter’ safety concerns and the issue of unused scooters being left in highly-trafficked areas, such as side walks.

In response, Bird has promptly directed its users to comply with each city’s specific parking instructions for the vehicles, and is proactively planning efforts to relieve any other issues that may arise with their services. The company has a stern policy regarding those who violate Bird’s terms of service attain the consequence of being removed from the platform.

If you wish to support this innovative and eco-friendly transportation solution staying in the City of Austin, please click here to sign the petition!

Downtown Development Digest | SXSW Tower + New HQ

 

South by Southwest finally locked down a location for a prominent headquarters spot in downtown Austin. The 13-story tower is going up at 1400 Lavaca Street, in the heart of downtown, yet close enough to the Capital for some great views. In the past, SXSW offices have been small and strewn across varying Austin campuses, so this new tower will give them an increase in space as well as consolidate their groups. The 145,000 square foot building floor plan features a column-less structure. The top 3 floors will be owned by SXSW, for their offices and headquarters.

The 13th floor of the building is where you will find a building penthouse and rooftop garden with a patio deck, with amazing views of Austin’s nearby features. It will also feature rain gardens and a lounge area on the rooftop. This space is available to tenants for private events.  

The tower is located off of the City bus route and bike trail, so tenants and guests may access it with ease. There will also be air-conditioned and security-guarded bike storage rooms for tenants, If buses and bikes aren’t quite your style, five stories of the building are a parking garage, with electric car-charging stations. The tower is also in a great location in downtown, so walk-ability should be a breeze for most downtown Austinites.

The remainder of the tower will be available for businesses, restaurants and retail, to lease. The building will have amenities like a coffee and snack bar in the lobby as well as a popular restaurant, both open to the public. The tower will also feature an onsite gym with spa-like locker rooms, and more.

The $41 million dollar tower is set to be very eco-friendly, in compliance with Universal Recycling Ordinance, hosting lots of plants on-site including a plaza raingarden, xeriscaping, limestone walkways, and equipped with lots of energy-efficient appliances. SXSW also hopes to expand its tech solutions and innovations, so the building will likely be very technologically-friendly and innovative as well. The tower will bring a new, trendy addition to the downtown Austin environment.

Downtown Development Digest | Marriott Austin Downtown

On the corner of Cesar Chavez and San Jacinto, you can find the site for a new 613-room hotel, a new Marriott Downtown. Made to compliment its sister hotel the J.W. Marriott, the new hotel will include a massive pool deck and over 60,000 feet of meeting space. The hotel will have deck areas for guests to enjoy views of Lady Bird Lake, downtown Austin and the State Capitol building. The 31-story Marriott will feature a few bars and restaurants, too.

The new development is currently under construction with a planned opening in Summer of 2020. The Hotel will have an amazing deck and rooftop pool area, event space and an exhibit hall. The location of the site is within walking distance of the Austin Convention Center. Sources say the Convention Center downtown may be expanding, and may even potentially connect to the new Marriott via a Skybridge. Keep your eyes open for the new Marriott Hotel going up downtown, with a proposed opening in 2020. 

 

Downtown Development Digest | Project Catalyst

Along with the natural expansion of downtown Austin, a plan for a ‘Domain-style’ development has begun to emerge on East Riverside: Project Catalyst.

The project that has been germinating over the past few years will rezone a 97-acre site in Southeast Austin, adjacent to Oracle’s new campus. The site plans are composed of over 5 million square feet of space for thousands of apartments, hundreds of hotel rooms, dozens of shops and restaurants, and plenty of offices.

Due to the rezoning process of the project site not being scheduled for completion until sometime this year or within the next year, construction is not envisioned to begin before 2020. However, once approved by the Austin City Council, the development plans to be built in five phases over a 25-year period.

Nimes Capital, a Los Angeles-based investment firm, is the developer proposing the mixed-used development that will continue to transform Southeast Austin. Their initial goal surrounding the project is to build an “urban village.”

Given the current circumstances of congestion that are overwhelming the downtown districts, East Riverside Drive is the most logical and ideal location to expand into. Preliminary renderings of Project Catalyst show buildings, reaching 16 stories, that would be the tallest to occupy this portion of Southeast Austin. This “urban village” ultimately envisions to be a “third downtown – North Austin’s Domain and Domain Northside duo have already claimed the name of Austin’s “second downtown.”

Currently, the site consists of The Ballpark East apartment complex, comprising of 1,308 units for college students and working-class residents. Throughout the course of a few years, Nimes Capital has bought the apartment complex along with its adjacent land.

If the mixed-use development project proceeds as intended, it will neighbor Oracle’s new 40-acre corporate campus and an exponentially growing amount of nearby apartment complexes, retail establishments and office spaces.

Downtown Austin’s booming market is sure to continue to flourish in East Riverside, especially with Project Catalyst’s proposed plans for expansion.

Downtown Development Digest | North Gateway Plaza

Capella Capital Partners has a $250 million dollar residential and office tower under works, near the Domain. This tower will be the first downtown-style tower in the area and will have a neighboring tower with office, restaurant and retail space available as well, and a shared seven-story parking garage for the two towers. The development will begin construction in North Austin, near the McKalla area, or the spot being scouted for a potential major league soccer stadium. The 22-story tower will host many apartments with varying floor plans, some encompassing multiple stories. Building amenities will include a pool, deck, and fitness center. Capella hopes the development will be finished in 2021, and construction will potentially begin early next year.

Live the Lifestyle, Love the Lifestyle | Top July 2018 Events

Top 10 July Events


 

 

Final FIFA World Cup Watch Party
Circuit of the Americas
July 15th, 2018 | 8:00 AM

Watch the World Cup Finals at Circuit of the Americas Austin for free! The event, sponsored by Coca-Cola, takes place on July 15th. Come on out to the Biggest world cup watch party in Texas! Doors open at 8:00 a.m. and the game begins at 10:00a.m. The event is free, with complimentary parking, tailgates welcome. The event will have plenty of pick-up soccer games, special guests, prizes and refreshments for purchase. Don’t miss the final game, watch it on two huge screens with friends and family at Circuit of The Americas.

 

 

 


 

Trailer Food Tuesdays
The Long Center
June 9th , 2018 | 9:00 AM

Austin invented food trucks (prove us wrong), so it’s only fair that Austin’s top community gathering place hosts the finest selection of trailer food in Central Texas. Sample new trailers every month while enjoying live music, craft beer, and our beautiful view of the city. Trailer Food Tuesdays is from 5pm – 9pm and is co-produced with Food Trailers Austin, The Peached Tortilla, and Trailer Food Diaries.

 

 

 


 

Blues on The Green
Zilker Park
July 18th, 2018 | 8:00 PM 

This July, come out to Zilker Park for a free concert from favorite local band Wild Child. Bring a blanket and enjoy this fun, live show with friends and family of all ages.
Zilker Park, July 18th at 7:00 P.M.

 

 

 

 

 

 


 


Chocolate and Art Show Austin
Austin Fair Market
July 20th-21st, 2018 | 8:00 PM-2:00 AM

Who doesn’t love supporting a good cause, free face painting, and free chocolate? Come out to Chocolate and Art Show Austin, and support a great cause. The event supports Artists for Trauma, a charity that pairs military and civilian trauma survivors with a local artist from a different creative discipline. Come out and support local artists, and see art on different mediums, too. (Painting, creations, photography, etc.)
The event is 21+

 

 

 

 


 

Texanische Nacht
Saengerrunde Hall
July 21st, 2018 | 7:00 PM–11:00 PM

Grab your boots and lederhosen! We’re celebrating the cultures that shaped Central Texas! Cornell Hurd Band will get you dancing with a combination of western swing, classic country, boogie-woogie, and a bit of rock ‘n roll! Plus, we are opening the bowling lanes all night!

 

 

 

 

 


 

Float Fest
Cool River Ranch
July 21st-22nd, 2018

Spend a day in San Marcos, floating the river and enjoying one of the most unique music festivals in Texas. Headliners include major acts such as Tame Impala, Snoop Dogg, Bassnectar and more.

 

 

 

 

 

 

 


 

The Wine Down
3TEN Austin City Limits Live 

July 25th, 2018 | 5:15 PM 

Austin City Limits Live’s annual series returns this year, at ACL Live’s sister venue, 3TEN. This free event showcases the best of authentic Austin – local bands, bites, pop-up shops and… you guessed it, vino.

 

 

 

 

 

 


 

                                                                 

Hot Summer Nights
Red River Cultural District 
July 26th-29th, 2018 

  This summer, 20 venues throughout the Red River Cultural District will host four days of free live music, alongside local food and vendors. Local acts like Golden Dawn Arkestra, Emily Wolfe, Moving Panoramas, Ringo Deathstarr and more will take over stages in celebration of summer in the Live Music Capital of the World®. 

 

 

 

 

 

 

 


 

Lady Bird Day
Lady Bird Johnson Wildflower Center
July 28th | 9:00 AM- 5:00 PM


 The Lady Bird Johnson Wildflower Center is celebrating founder and former first lady’s birthd
ay by having a free celebration for people of all ages at the center. Enjoy screenings of Lady Bird movies, a guided tour of the famous garden, outdoor games and discovery carts in the family center, and more! Come out to the Lady Bird Johnson Wildflower Center on July 28th from 9:00 to 5:00 to enjoy. All ages and guests are welcome to join the fun.

 

 

 

 

 


 

Zilker Summer Musical 2018: All Shook Up
Zilker Hillside Theater
Every Thursday – Saturday in July | 8:15pm

This year marks the 60th Anniversary of the Zilker Summer Musical Series, so what better way to celebrate than with a musical that takes us back to the 1950’s, the time when it all started? This year’s musical All Shook Up features 24 hits from Elvis Presley, and a 1950’s twist on Shakespeare’s play Twelfth Night. The event and show are absolutely free, so pack up a picnic blanket and head to Zilker Hillside Theater every Thursday, Friday and Saturday in July at 8:15 p.m.

 

 

 

 

Live the Lifestyle, Love the Lifestyle | Top June 2018 Events

Top 10 June Events


 

Maudie’s Midnight Margarita Run and Festival
Seaholm District
June 7th, 2018 | 7:00-11:00 PM 

This lively, nightime event is a fundraiser to celebrate the The Trail Foundation’s 15th Anniversary. Participants may choose to walk or run the 5K and runners over the age of 21 may have a celebratory margarita at the race’s finish line. The event is followed by a party, with an Outdoor Voices pop-up shop, a Maudie’s dinner with Margaritas, dancing, a photo booth and music. Tickets are available for the run and after-party separately, or you may purchase a ticket that includes both. All ages are welcome and invited to participate!

 

 

 


 

Bubblepalooza
The Long Center
June 9th , 2018 | 9:00 AM

The Spring 2018 Pecan Street Festival is celebrating its 41st year! This event is one of the largest, and longest-running, arts, crafts and music festivals in the nation. Since 2006, the Pecan Street Festival has been presented by Pecan Street Association and produced by Special Events Live bi-annually.
The Pecan Street Association was founded to preserve the Sixth Street Historic District. In 1977 when the downtown area was scarcely populated with abandoned buildings, this organization was instrumental in reclaiming the space and beginning renovations. All proceeds from the festival are used for the Historic District’s beautification, education and promotional activities, as well as for supporting the community through financial contributions given to charities that serve the Austin region.

 

 

 

 


 

Blues on The Green
Zilker Park
June 13th, 2018 | 8:00 PM 

Pack a blanket and the family and make your way to Zilker Park for this summertime tradition. Held monthly from May to August, Austin’s largest free concert series will welcome performances by top local bands. 

 

 

 

 

 

 


 


Jaws on The Water
Volente Beach Resort
June 16th, 2018 | 6:00-11:00 PM

On a warm, Texas Saturday night, float on an inner tube and float on the waters of Lake Travis while watching the classic movie JAWS on the big screen. The event includes a souvenir inner tube, admission to the water park and all rides and amenities from 6:00 p.m. until showtime (around 8:45), and a firework show. This venue has food and drinks available, and the event is family-friendly and will provide life jackets for any age upon request.

 

 

 

 


 

Juneteenth Parade and Celebration
B.D.H.S Center
June 16th, 2018 | 10:30 AM 

Juneteenth, also known as “Freedom Day” or “Emancipation Day,” is the oldest known African American celebration commemorating the end of slavery. This annual event features a 2K walk/run, parade floats and entertainment and celebration at Rosewood Park.

 

 

 

 

 


 

Fun Stop 5K and Festival
Riverside Drive in front of the Long Center
June 23rd, 2018 | 4PM to 9PM 

Formerly known as the Keep Austin Weird Festival and 5K, Fun Stop 5K and Fest is back and bigger than ever. This event for people of all ages includes a festival with music and entertainment, food and drink, a costume contest, fun activities, and more. The 5K is one that will have plenty of fun stops along the way, including a donut stop, a puppy-kissing stop, a foam pit and many more. Nicknamed “the slowest race ever”, this 5K is unlike most others. Grab your costume and attend with family and friends for a crazy Saturday.

 

 

 

 


 

Fit Foodie Festival
Mueller Lake Park
June 23rd, 2018 | 8:00AM 

The Fit Foodie Festival & 5K celebrates the balance of a delicious, healthy and active lifestyle as runners eat their way to the finish line with bites at every mile, then celebrate at the post-run Food and Fitness Festival. Inside the Food and Fitness Festival, runners are rewarded for making healthy choices with tastes from local restaurants, beer and wine gardens, mini-workout classes, cooking demonstrations, and more.

 

 

 

 

 

 


 

                                                                 

Austin Ice Cream Festival
Austin’s Fiesta Gardens
June 23rd, 2018 | 10:00AM to 3:00 PM 

  The Austin Ice Cream Festival is a festival fun for ice-cream lovers of all ages. From 10:00 a.m. to 3:00 p.m. enjoy up to 20 frozen treat samples, participate in fun contests and activities while enjoying entertainment. There will be savory food trucks on site as well, if you’d like a break from the sweets. All ages are welcome. After Dark is from 6-10. This event includes all of the fun from earlier with boozy treats, cocktails, and lots of local music.

 

 

 

 


 

Domain Concert Series 
The Domain
Every Friday and Saturday | Fridays at 6:00PM and Saturdays at 2:00 PM 

 The Domain is putting on a series of free concerts of great local music for Summer. Starting June 2nd, catch different artists spicing up the Domain’s fun outdoor environment. All ages are welcome, some shows will have games and prizes available too. The Domain also offers dining and shopping, if you’d like to go before the show! Bring the whole family out for the fun!

 

 

 

 


 

Austin Symphony Concerts in The Park
The Long Center
May 3rd – August 8th, 2018 | 7:30PM

Now in its 16th season, the Austin Symphony Hartman Foundation Concerts in the Park are held in front of the Long Center on Sundays throughout the summer at 7:30 p.m. Concert styles include strings, woodwinds, big band and brass.

 

 

 

 

Top Reasons to Use a Real Estate Agent

 

1. Better Access, More Convenience & Property Marketing Power

Today’s housing market is full of clutter, whether you’re looking to sell or buy a home. With real estate agents handling the advertising and marketing of properties and containing easy access to properties listed by other firms and agents, you can quickly filter out what is not meeting your criteria. Their access to this information is your convenience.

Plus, agents are part of a huge professional network which is very important when it comes to selling or locating a property to purchase. In fact rather than a property being sold due to traditional advertising efforts, a large share are actually a result of a real estate practitioner’s contact list that includes previous clients, friends and family. Also, the relationships and connections that agents have formed throughout their professional experience make them the ultimate reference guide when it comes to the reputation of vendors. Why would you not want to utilize a service that’s tailored to your exact preferences?

2. An Expert Guide

When buying or selling a home, the process normally requires dozens of technical documents consisting of forms, reports, disclosures and more. Many of these are time sensitive and can be detrimental to a transaction. Real estate agents know and understand these documents and their jargon. So, the agent is able to effectively prepare the best deal, while keeping their client’s best interests in mind at all times and avoiding any delays or costly mistakes.

Opposed to popular belief, agents do NOT select prices for buyers or sellers. They simply provide price guidance to their clients that leads them to make the right choices for themselves after considering all supplied information. This guidance, stemming from factual data that agents provide their clients with, allows an appropriate price to be set. Then, based on the market supply, demand and conditions, the agent devises a negotiation strategy to protect the interests of their client.

3. Objective Information, Advice, Opinions & Loyalty

When a real estate agent signs a representation agreement with their client, the agent is agreeing to represent the clients interests and perform services agreed upon that are within legal limits. Typically, agents provide local information on utilities and zoning, deliver comparable properties sale prices and other objective information about each property. Then, that data is used to help clients determine if a certain property suits their needs and criteria or what type of offer they are willing to accept or make. Along with getting the facts to clients, agents point them in the right direction where they can find data involving schools, crime rates, demographics and more. They also possess information in regards to current market conditions, such as data on the average per square foot cost of similar homes, median and average sale prices, average days a property has spent on the market, and ratios of list-to-sold prices.

Agents are here to guide their clients and provide them with optimized service that represents their interests. Whether it be material facts or advising a client to seek legal counsel, real estate agents work for their client and act on that clients behalf throughout the transaction process.

4. Negotiation Knowledge & Skills

While real estate agents are essentially a buffer in the transaction process, an agent represents their clients best interests at all times. This is important to stress because an agent will take on that perspective while looking at various factors and negotiating the purchase agreement to include the best terms and conditions that match those interests. Agents are here to present their clients case in the best light. It’s also important to recognize that any information a client discloses to their agent will remain confidential- even after the transaction has been completed.

Agents are able to remove themselves from the emotional aspects of a transaction while they’re negotiating. They also are able to deliver information from buyer to seller or vice versa that would be detrimental to the purchase agreement if the buyer or seller directly delivered it. Selling a home that has been lived in for many years may bring on many emotions and memories that inhibit a seller from negotiating clearly or accepting a reasonable offer. And the same is similar with purchasers, buying a home is one of the largest transactions most people make and may become inherently overwhelming for someone inexperienced with the process.

5. A Hub for Up-To-Date Experience

With laws and regulations constantly being amended and created, real estate agents are required to continue their education and stay knowledgeable of all changes that effect their profession. Hiring an experienced agent will eliminate costly risks, ensure the clients interests are represented in the transaction, while also ensuring clients that the price being paid or accepted is in correspondence with the current market rate.

6. High Ethical Standards

Real estate agents are held to high standards that require honesty, fairness, obedience, confidentiality and loyalty to clients. They are here to represent you, their client, and act on your behalf to ensure that your interests are present throughout the transaction process. Plus, any information your agent is told will remain confidential throughout the transaction and after it’s completed. Overall, the real estate industry itself is held to high professional codes of ethics and has serious repercussions for licencees that do not follow these minimum requirements.

Austin Real Estate Market 2018

With Austin’s growth projected to more than double in the next 40 years, 2018 is expected to be another record-breaking year for the city’s real estate market.

Austin’s current population sits at the 31st largest in the U.S. and is predicted to surpass San Antonio’s by the late 2020’s. The city has been experiencing an average net increase of 150 people per day who are needing places to live. This surplus of people is resulting in the city’s housing housing not meeting its demand and prices being driven higher and higher.

Despite home prices increasing by 5.4% in 2017, the Austin real estate market hit an all-time high in home sales that reached a double-digit increase in March 2018. This much growth being endured early on in the year indicates a strong summer selling season ahead.

Historically, it has been common for homes to remain on the market for 50 days or more – even in housing markets experiencing a high demand. However, within Austin and its local areas, homes have been spending a fraction of that time on the market. The city’s limited housing inventory has ultimately created a competitive market when it comes to purchasing a home in or around Austin.

At Austin’s current growth rate, the population is projected to continue outpacing infrastructure. This deficit will generate a higher demand for more schools, retail and office spaces, transportation accommodations and other utilities to be developed. Fortunately, with job growth increasing at a slower pace, the city will be allocated time to focus on solving these overgrowth challenges.

While home prices continue to rise, they are rising at a slower pace which indicates a stable market trend.

If you’re considering a move, now is the time to enter the market and take advantage of the low mortgage rates and appreciation. Click here to meet the Urbanspace residential team.

Downtown Development Digest | Punch Bowl Social

Punch Bowl Social has recently announced its expansion into downtown Austin, and is expecting to open its doors February 2019.

Punch Bowl Social has recently announced its expansion into downtown Austin, and is expecting to open its doors around February 2019.

This will be Austin’s second Punch Bowl Social location, with the first being at The Domain. The Denver-based, entertainment restaurant chain has made a name for itself across the country. With their overloaded restaurants also being home to vintage arcade games, karaoke rooms, bowling alleys, virtual reality experiences, table games and bars, these eatery’s are practically a grown-up’s ideal playground!

Punch Bowl Social has taken a stance on being a place for people to come and be themselves. The restaurant chain believes in the “dirty modern mash up of chandeliers, food for foodies, PBR tallboys and craft beverages,” as well as “brunch turning into a bowling party and bowling parties turning into all-you-can-sing karaoke.” You can expect the general atmosphere of these locations to offer a full-range experience of unequalled music, food, games, beverages and exploration. Their mission is to provide an environment tailored for each person’s desired “going out” experience.

In 2012 The Punch Bowl Social originally opened in Denver, and since then has expanded to 12 locations across the country with several more coming soon. Austin’s new establishment will be located within the Scarbrough Building at 522 Congress Avenue and 6th Street. Robert Thompson, founder and CEO, revealed his reasoning behind choosing this building: its historical value, Chicago-style architecture, Art Deco details and, not to mention, the building’s prime location in the heart of Austin.

One of the up-and-coming downtown location’s most differentiating features is a “more Texas- and Tex-Mex menu,” according to Hugh Acheson, a James Beard Award-winning chef, restaurateur, author, Top Chef judge and Punch Bowl Social’s culinary partner. The approach to creating this menu has been based on the anticipation of engulfing the nation’s culinary landscape in its entirety.

Although February 2019 may seem a ways away, we’re always looking forward to experiencing downtown Austin’s newest additions!

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