AustinTowers

By
Services for Real Estate Pros - AustinTowers.net
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
While lots has been written about the many large-scale downtown high rise condo projects under way, there i another downtown living trend worthy of note. Over the last five years, a number of the older, historic buildings on Congress avenue have been converted into very large single family resid...
08/13/2007
 The Austin Business Journal reported online that Austin is currently rated by one analyst firm to be the top city in the country for business. Since the economy drives the real estate industry, this is very good news. The article reported:  "Austin is the best place for business in the U.S., acc...
08/06/2007
AustinTowers is very excited to launch a comprehensive Downtown Austin Condo FAQ (Frequently Asked Questions) as a new permanent section of the site. The FAQ will provide a comprehensive overview of the emerging downtown Austin high-rise condo market by answering the most common questions facing...
08/06/2007
The big Austin downtown condo question remains: how big is the market for million $ condo units in downtown Austin? Some new market stats from Ki Gray of Escapeso Austin Real Estate provide some context on the high-end downtown market and it's performance so far in 2007. Here are the number of h...
08/06/2007
0 Comments
The Monarch — billed as the city's first luxury rental high rise tower — is now very far along in the construction process. Developer ZOM Austin is constructing what was supposed to be a 27 story rental project on 5th just East of Lamar with 297 rental apartments and 8,500 square feet of ground ...
08/06/2007
The market for downtown condos is very active but quite different from the single family home market in two key facets. First, downtown condo owners who want to sell are currently competing with new units entering the market. If too many units come on at once, downward pricing pressure may ensue...
08/06/2007
0 Comments
According to a source who recently visited the 360 sales center, the 44-story 430 unit is selling well and should sell out soon -- many months ahead of its scheduled completion date. With 430 units, 360 is the largest of the current crop of developments, so a sell out would be a strong sign for ...
08/06/2007
This just in from today's Austin Business Journal:"The value of property in Travis County jumped more than 13 percent in the last year, spurred by new construction activity and the high level of buyer interest in the Austin market. The total taxable value of properties in Travis stands at $84.9 b...
07/26/2007
When 21c Musuem & Condos, the latest downtown luxury condo project, was announced on June 11, many interesting questions were once again raised about the downtown luxury condo market. While the market remains strong for units priced below $400K -- such as many of those in 360 and Milago -- the m...
07/26/2007
Another downtown Austin condo building has begun it's unstoppable climb to the sky. Over the last few weeks, construction has begun on the Spring condo development in the Austin Market District, just south of Whole Foods. The $70 million project will be 42-stories high. The 260-unit project at 3...
07/26/2007
Rainer
21,828

Paul D'Arcy

Contact The Author
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