About Austin's Downtown

A first time homebuyer might enjoy this bargain at 125,000. How about a Condo. You can be right downtown with great views of the City and right in the middle of the action.

Lots of choices in the Austin Area, you can be live like a king or build to suit. You can buy and restore.

Beautifuly homes with Character.

YOU Can have your Pick.

Examples of Old West Austin Historic District Architecture

1853 Pease Mansion/Greek Revival 1910 Harris House.jpg 1917 Tudor Revival.jpg 1920 Medieval Style 1920 Batts House/ Spanish Colonial.jpg 1923 Stucco Dutch Colonial.jpg 1925 Spanish Colonial.jpg 1929 Colonial Revival.jpg 1932 Brick Colonial Revival.jpg 1932 Multi-family.jpg 1933 Classical Revival.jpg 1933 Craftsman Style.jpg 1933 Monterey Style.jpg 1935 Brick Multi-family.jpg 1935 Colonial Revival.jpg 1935 French Eclectic.jpg 1935 Tudor Revival Duplex.jpg 1936 Colonial Revival.jpg 1937 Brick Bungalow.jpg 1937 Brick Rectangular.jpg 1937 Tudor Revival Duplex.jpg 1937 Tudor Revival.jpg 1938 Colonial Revival.jpg 1938 Georgian Colonial Rev.jpg 1938 Tudor Revival.jpg 1939 Brick Tudor Revival.jpg 1939 Moderne/Bohn House.jpg 1940 Colonial Revival style.jpg 1940 Wood Asymmetrical.jpg 1940 Wood Colonial Revival.jpg 1941 International Style.jpg 1941 Wood Asymmetrical.jpg 1942 Brick Colonial Revival.jpg 1942 International Style.jpg 1942 Ranch Style.jpg 1942 Stone Bungalow.jpg 1947 Brick Asymmetrical.jpg 1948 Wood Asymmetrical.jpg 1949 Ranch Style.jpg

Austin Downtown Condo's opening up. Check out the Bridges on the Park! These condo's could be great investments or a nice home for people who enjoy the downtown lifestyle. Want to be in the middle of the action, the Bridges will take you there. Read more about he Bridges on the Park in this post by the Austin Business Journal http://www.bridgesonthepark.com/_pdf/Bridges_ABJ1.pdf

Commercial Real Estate acquisitions and ventures continue to play a key role in the Austin Real Estate Market, Many foresee the added jobs and future growth in coming to the Austin area and want to make their move now.

Key center in the picture left is the Frost Bank building which recently sold along with several other properties for more than 1 billion dollars.

<!--(<a href="#" mce_href="#">Map it</a>)--> 314 E Highland Mall Boulevard Austin, TX 78752 Price: $7,500,000 Building Size: 63,784 SF Space Available: 0 SF<!--<li>Number of Floors: <strong>1</strong></li>--> - Small tenant mix with staggered lease expirations provides asset stability - Current lease average as much as 22% below current market rates - Ability to reposition asset as market rates continue to increase - Attractive 5 story brick building - Ample parking spaces - Floor to ceiling tinted windows on 1st floor - Shared conference room for the building

SOCO PROJECT AIMS FOR APRIL

AUSTIN (Austin American-Statesman) - A new mixed-use development in the downtown area is projected for completion this spring.

The SoCo Lofts and Shops will consist of 69 loft-style apartments above 22,000 sf of retail space at the southern corner of East Alpine Road and South Congress Avenue.

Symcox Development Co., Tierra Capital LLC and Greystar Development have partnered on the 7.3-acre, $65 million development.

The loft apartments are slated for completion in April, while the retail space should be completed in June.

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There's been a heck of a lot of residential development in Downtown Austin these days, so I developed a presentation that gives a picture of the scope of this change. If you'd like a copy of this presentation in a pdf format, definitely let me know.

Downtown Austin: A Landscape of Change
Courtesy of Sam Archer, REALTOR
512-633-4650

From the Statesman Letters to the Editor January 10, 2008
“I would like to build some condominiums at the Texas Capitol. Of course, the Capitol building can remain for character and whatnot”

Presentation Overview

• The Big Picture
• The Downtown Development Juggernaut
• Future Sustainability of Growth
• What’s Next?

The Big Picture

• Austin - 735,000 residents in 2007
• Austin is the 16th largest city in the U.S. and grew 41% in the 1990s.
• The area is projected to double in population in the next twenty years.
• More than 281,000 people live within 5 miles of the intersection of 6th Street and Congress Avenue, the heart of Downtown Austin.
  

Downtown Specific Stats

• Currently only 5900 people live downtown
• Over 363,000 people live in the primary market area of downtown.
• 16 CBD apartment and condominium projects are currently under construction (more are planned).
• When these buildings are completed, more than 4,300 new residents will move downtown, bringing the total population to over 10,000.
• There are 67,000 downtown workers in the central business district
• 90,000 employees work within a one-mile radius of 6th Street and Congress Avenue, the central hub of Downtown.
• 7 million people visit the area annually for conventions, trade shows and tourist attractions.
  

What’s Changing?

• Developers see this market as incredibly strong and a good investment
• Urban lifestyle attractive to the young, tech savvy and entrepreneurial spirit of Austin
• There’s more political will surrounding downtown development (Wynn’s 25000 goal). Efficiency of infrastructure use
• New Opportunities - Waller Creek Tunnel Project removing 1 million square feet from the flood plain
  

Downtown Austin Projects

What the Experts Say
“Condos may seem overbuilt, but they are not as out of balance as it seems,”
John Hockenyos – Texas Perspectives

What Does all this Mean?

• The downtown will continue to gain momentum as new urban focused businesses create more critical mass.
• Absorption may be a near term issue, not likely to be a mid term much less long term issue
• Significant opportunities to market services and products to high wealth urban dwellers

Questions?

• Should you have any questions about this report or about the real estate market generally please feel free to contact me.
• Cell phone – 512-633-4650
• Email – sarcher@cbunited.com