Developers just announced plans to proceed with a 4-story, 27 unit development on Barton Springs just east of Lamar. The project is a very odd combination of location and pricing that suggests a lack of experience in residential development.Here is the summary from the Statesman:"Now called 1155
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06/25/2007
Today's Statesman brought to light new details on the planned 55-story Austonian:The Austonian, the swanky 55-story condo tower planned for Second Street and Congress Avenue, is pulling out the stops on amenities. The bathrooms will have marble walls; the kitchens will have Italian cabinets a
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06/25/2007
The price of a condo is only one component of the final cost. In addition, you'll need to think about monthly condo fees, property taxes, utilities, etc. The good news is that the price is relatively fixed: unlike owning a single family house, you won't need to worry about surprise maintenance pr
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06/25/2007
A very unusual $1.5 billion development was recently announced -- it is a 681 acre multi-use development with a movie and music theme that is being proposed on empty land east of the city, near the new Texas 130 highway. The project includes a 50,000 SF soundstage and recording studio, a 70,000 s
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06/25/2007
One of the big questions has always been whether the people who live downtown also work downtown, making them less dependent on cars. If so, downtown residents may need fewer cars and may become a core constituency for the public transportation system. With traffic an increasing problem, the mor
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06/21/2007
If you are thinking of living downtown, who will be your neighbors? This posting attempts to answer that question by looking at the most recent census data for 78701. 78701 is the predominant downtown zip code: it includes the area between the lake and MLK blvd and between Lamar and I-35. Virtua
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06/21/2007
Thirteen prime acres in the Rainey street neighborhood - the district between Red River and I-35 south of Cesar Chavez - are for sale in one of the largest downtown real estate offerings ever. The owners who assembled 20+ individual parcels including a large section along the lake are hoping that
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06/21/2007
After seven years of proposed projects, the developer behind the Four Seasons Residences claims that the project will break ground this year. Apparently, the developer is self-financing the $100 million project -- eliminating the pre-sales hurdles which stall many projects before construction. Th
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06/17/2007
An incredible 75% of the 430 units in Novare Groups' 44-story 360 project are now under contract after just 3 weeks on the market. The units, which are mostly priced between $190K and $550K, rank among the most affordable units in the current downtown condo boom. This demonstrates, once again, th
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06/17/2007
One problem with analyzing the downtown austin condo market is the lack of good sales data on many of the projects currently on the market. When realtors sell traditional single family homes or resell condo units, they are listed on MLS and the actual sales price is recorded in MLS and available
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06/17/2007
