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Austin Towers is keeping a constant eye on downtown residential development. With dozens of projects and thousands of units in the planning and construction phases, Austin Towers provides news and a simple guide to downtown condo high-rise developments. A portion of the blog is reproduced on active rain: for the full blog and condo guide, visit http://www.austintowers.net
RECENT BLOG POSTS
Another Austin project -- the W Hotel & Residences -- took an important step forward yesterday with a lavish ground-breaking ceremony. Not unlike the Austonian which created a pile of dirt to be shoveled for the ceremony, the Block 21 development team and a world-famous basketball player and inve...
11/15/2007
We've added a full profile for the Monarch -- the 305 unit rental-turned-condo project at 5th and West, just East of Whole Foods. The project is named for the Butterfly-like structure on the roof and is scheduled for completion in early 2008. The building features units from 681 square feet to 3,...
11/15/2007
When it comes to Austin condo zoning, there is one holy grail: there will be no exceptions to the current zoning rules which prohibit new construction within 200 feet of the shore of Lady Bird Lake. This simple rule, however, made for a difficult decision for the Planning Commission and the City...
11/15/2007
In April, Hyatt introduced a new boutique-style luxury hotel brand called Andaz. The first hotels, they announced, would be placed in world's most important "international cross-road" cities. And so far, three such locations have been announced. First was London. Second was midtown Manhattan. An...
11/15/2007
Today, The Frost Bank Tower looms across the Austin skyline with a singular presence. While it may look like the world's largest nose hair trimmer, it stands 120 feet taller than any other building in the city of Austin. Of the top ten tallest buildings in Austin, only three -- Frost, 300 W 6th,...
11/15/2007
Between the credit crisis, skyrocketing construction costs, and the slowing real estate market, we didn't expect to see anymore downtown condo projects for a while. Today, however, we were surprised to learn of another downtown condo project announcement. Austin's Fortis development today announc...
11/15/2007
While the mortgage lending crisis seems to be easing, jumbo mortgage rates remain significantly higher than they were just two months ago. During this period, many projects have announced stellar sales and reservations of new units brought on the market during this awkward period. So what's the ...
11/15/2007
Condo fees fund the daily operations and maintenance of most condo buildings. They cover security, landscaping, cleaning of common area, common area energy use, maintenance, and other key building functions. With this posting, we are publishing the condo fees of two new ultra-luxury projects, Th...
11/15/2007
The Austin residential rental market -- the whole thing, not just downtown -- has been very strong throughout 2007. Throughout the first half of the year, both rents and occupancies increased significantly. For example the mid-year citywide occupancy rate was 96.8 percent, up 2 percentage points...
11/15/2007
While zoning variances seem easy to come by for most downtown condo projects looking for increased density or height, there is one request that remains sacred: building in the protected zone around Lady Bird Lake. Long-standing rules prohibit construction within 200 feet of the former Town Lake....
10/28/2007
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AustinTowers is updated every 3-5 days with news, analysis, and project details. Designed to help downtown condo buyers find the right project and unit, it is the only source for current building-by-building MLS & developer listings. A portion of the blog is reproduced on active rain: for the full blog and condo guide, visit http://www.austintowers.net