Plan takes shape for development of prime Austin lakefront
Apr06

Plan takes shape for development of prime Austin lakefront

Article provided by: The Austin Business Journal A “bat theater,” new downtown city blocks and a pier for kayaks are all part of a still-percolating plan to guide development on the south shore of Lady Bird Lake in downtown Austin. During Tuesday's Austin City Council work session, city planner Alan Holt touched on the multiyear planning effort that has focused on a 118-acre area bound by South First Street to the...

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Luxury homes to rise on former downtown Austin mansion site
Mar30

Luxury homes to rise on former downtown Austin mansion site

Article provided by: The Austin Business Journal Behind the stone walls at 614 Blanco St. a development story has quietly been unfolding. James Schoenbaum spent the past three years buying a 1.3-acre lot and navigating the challenging development process, considering the project is in an historic neighborhood populated by residents determined to maintain the area’s unique charm. Enlarge Stephanie Panozzo of Gottesman Residential...

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High-profile Austin hotel pricey part of blockbuster Blackstone deal
Mar24

High-profile Austin hotel pricey part of blockbuster Blackstone deal

Article provided by: The Austin Business Journal Less than a year after it sold for $197 million, it appears the Four Seasons Hotel Austin is being acquired by a Chinese firm for a breathtaking amount — an estimated $359.7 million, according to documents generated by Real Capital Analytics, a global real estate research firm. The acquisition is part of a larger portfolio. The transaction involves Beijing-based Anbang Insurance...

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Endeavor reveals plans for Plaza Saltillo development on CapMetro land
Mar21

Endeavor reveals plans for Plaza Saltillo development on CapMetro land

Article provided by: The Austin Business Journal Endeavor Real Estate Group has unveiled its vision for the Plaza Saltillo mixed-use project in East Austin. The land is owned by Capital Metropolitan Transportation Authority, which operates the Capital Metro Red Line — the commuter rail that runs from Leander to Downtown Austin. Enlarge The plan for the Plaza Saltillo District in East Austin includes open space and...

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Aspen Heights Becomes First To Navigate New Density Program
Mar16

Aspen Heights Becomes First To Navigate New Density Program

Article provided by: BizNow.com Aspen Heights topped out Rise – 8th and Nueces, its first non-student housing project and the first development to navigate Austin’s Downtown Density Budget Program. The tower was initially proposed as a 12-story, 72-unit condominium complex, but the developer agreed to pay $868,400, or $10 for each additional SF, to the City of Austin’s Affordable Housing Trust Fund to expand by 86k...

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Update on development of the Rise — 8th & Nueces
Mar08

Update on development of the Rise — 8th & Nueces

Article provided by: The Austin Business Journal Having difficulty keeping track of all the developments under construction in Austin? Here's some recent news regarding another downtown project: Rise — 8th & Nueces, which recently topped out at 805 Nueces St. Click on the photo to see the slideshow of the 22-story project with the latest renderings of the luxury apartment tower by Austin-based Aspen Heights, which is...

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