The average sales price of a downtown Condo breaks $1 Million in Austin

According to a report released on the Downtown Austin Blog the average price of a Downtown Condo in Austin reached $1,061,682.

This data is the average of 124 new sales of units in four of the most luxurious hirises:  The W Hotel Residences, The Austionian, Spring Condos, and  The Four Seasons Residences,  Of course these are the premiere urban living spaces, but even when you take the data from all the other tall residential buildings the result is similar. (more…)

The Austin Skyline is going to get more skyscrapers

While so many other cities in the nation are struggling, Austin is building, building, building.  Investors are coming from all over to put up new skyscrapers and developments in the super popular Austin Downtown area.  A lot of the development is scheduled to happen over the next 3-4 years on the corner of Caesar Chavez and Lamar (at the old Seaholm powerplant location), and near Rainey Street near HWY 35.

[alert heading=”Austin Downtown Condos” width=”100%” close=”false”]Be sure to visit my Austin Condo Guide if you are looking to move downtown[/alert]

I think it’s a super exciting time for ATX.  There are so many opportunities for just about everyone here.  We have so many hi-Tech companies here – Facebook, Apple, Google, and Dell all have offices, and there are dozens, if not hundreds of smaller computer and internet companies in the area.  All these companies need workers, and not just programmers, but everything from HR people, to cleaning crews, to catering companies, and everything in between.

Plus we have the University of Texas College, all the State offices associated with the Capitol, and several international festivals like F-1 Racing, SXSW, and ACL.  There is just so much happening all the time here, it’s hard not to be excited.

Artists rendering of planned 1,000-room, 50-story Fairmont convention hotel project in downtown Austin.
Artists rendering of planned 1,000-room, 50-story Fairmont convention hotel project in downtown Austin.

One specific place in Austin that’s experiencing some significant growth is the Downtown region.  For you out of towners, I’ve always considered the area just south of the Capitol building, and north of Lady Bird Lake the downtown region.  Some people sub-divide this into areas like 6th St, the Warehouse District, 2nd street District, and so on.  For me it’s all just downtown.

I’ve written about some properties in high rises in Downtown Austin many times before (of course if you are interested in selling your downtown condo, please let me know, ’cause I can get you special tours), and now I’d like to talk about some of the great developments coming up.

And I do mean UP.  Some of these buildings will be 20+ stories, and are destined to be significant landmarks visible in the Austin skyline.

  1. Rainey Center – up to 2 50 story towers – condos and apartments
  2. Gables Park Plaza II – 18 stories – residential condos
  3. Skyhouse – 23 stories – apartments
  4. 3rd and Brazos – 16 stories – apartments
  5. Green Water Treatment Plant redevelopment – 30 stories – apartments and retail
  6. Redevelopment of Austin Energy control plant – unknown height – condos or apartments and retail and offices
  7. Seaholm Power Plant – 28 stories – retail and apartments
  8. Mariott convention hotel – 33 stories – hotel
  9. Fairmont Austin – 50 stories – hotel
  10. Colorado & 3rd – unknown – office and retail
  11. Whole Foods World Headquarters – 20 stories – offices
  12. 3 eleven Bowie – 36 stories – apartments and offices
  13. IBC Bank Plaza – 13 stories – mostly offices

 

Not all the high-rises will have units you can purchase.  Many of them will be office or retail space.  But the people that work there need a place to live, and that’s where I can help out.  If you are relocating to Austin, or have a new job downtown and want to live closer to the cener of action, send me a note or give me a call.

An artists rendering of proposed 30-story office tower at Third and Colorado in downtown Austin. Being developed by Cousins Properties.
An artists rendering of proposed 30-story office tower at Third and Colorado in downtown Austin. Being developed by Cousins Properties.

 

Artists rendering of proposed project at at Rainey and Driskill in downtown Austin.
Artists rendering of proposed project at at Rainey and Driskill in downtown Austin.

 

Artists rendering of White Lodging's planned JW Marriott hotel downtown.
Artists rendering of White Lodging’s planned JW Marriott hotel downtown.

 

Artists rendering of the SkyHouse project, an apartment tower project planned on Rainey Street in Austin.
Artists rendering of the SkyHouse project, an apartment tower project planned on Rainey Street in Austin.

If you are relocating to Austin, or have a new job downtown and want to live closer to the cener of action, send me a note or give me a call.

Be sure to visit my Austin Condo Guide if you are looking to move downtown

Images courtesy of the Austin American Statesman.

Trader Joes in Austin

Trader JoesIt’s been nearly 7 years since I visited my last Trader Joe’s supermarket.  My wife and I used to live only 2 short blocks away when we had a small apartment in CA.  Since moving to Austin, we have learned about HEB, Randalls, Sprouts, and of course Whole Foods.  Several times a week, I’d grab by cloth grocery bag, fill it with some Two-Buck-Chuck, a couple of bags of produce, and some great pre-made frozen dinners.

The Austin Statesman just published an article stating that the Grocery store is planning on coming to Austin, in 2013.

The new Trader Joe’s in Austin will a little bit of a drive for me, as it will be in the new Seaholm Development, that fantastic old Power Plant located on Caesar Chavez near LadyBird Johnson lake.   But it will be totally worth it.

In addition to the natural grocery store, there are nearly 300 new apartments scheduled, as well as 170,000 square feet of business and retail stores, and even some prime event space also scheduled for the development.  Along with great access to Mopac, and Downtown, this could be the most perfect spot for the much anticipated and talked about store.

What’s so special about Trader Joe’s?  They aren’t like a regular supermarket.   First, they don’t stock a lot of brand-name products.  In fact most of the shelves are lined with their own Trader Joe’s variety of cereals, dried fruits & nuts, coffee & drinks, and other stuff you need everyday.  The people who work there all wear Hawaiian shirts, and seem to actually enjoy their jobs.  There isn’t an overhead PA calling out for a manager on Register 3, either.  Just a big brass bell that gets rung when an extra register needs to be opened.

The food is really fresh, and good too.  There’s produce, dairy, and meats, and of course tons of vegetarian and vegan food too.  Almost everything is health, natural and organic, and their selection of affordable beer and wines is hard to beat.  They don’t have everything an HEB would have, but just enough to have a nice, healthy meal at home.  I would easily do all my shopping there.

Want to learn more about what Trader Joe’s sells?  Sign up for their weekly email – the Fearless Flyer, and learn all about the groceries and other organic or  natural products they sell.

And of course, please leave your comment with questions below.