Development

Business
3:40 pm
Tue January 25, 2011

Report: Austin Condo Sales Up In 2010

A look at the tallest condo in downtown, the Austonian. A report says condo sales in Austin were up last year, but the opposite is true of single-family homes.
Image by Callie Hernandez for KUT News

A local blog sponsored by the real estate firm Urban Space claims sales of condominiums in Austin increased by a whopping 50 percent in 2010. 

AustinTowers.net delved into MLS listings and said sales increased from 112 condos in 2009 to 168 in 2010. The average price increased from $330,344 in 2009 to $343,983 last year, a gain of four percent.

Read more
Business
2:33 pm
Fri January 21, 2011

2nd Street District Retail Occupancy Expected To Reach 92 Percent This Year

Austin's Second Street District could fill some of its empty retail space this year with occupancy expected to reach 92 percent by the second quarter.
Image courtesy atmtx http://www.flickr.com/photos/atmtx/

The company that manages most of the retail space in the Second Street District downtown says it expects to reach a high water mark this year. AMLI Residential says 80 percent of the square footage is currently rented, and that should grow to 92 percent "by the end of the second quarter," according to AMLI retail manager Carrie Holt.

Read more
development
2:48 pm
Tue December 28, 2010

Travis County Buys Downtown Parking Lot To Build New Courthouse

Travis County Commissioners cleared the way to buy this plot of land downtown between 3rd and 4th streets to the north and south and Guadalupe and San Antonio streets to the east and west.
Image courtesy Google Street View

Travis County Commissioners didn't take any moves to block the planned purchase of a lot in downtown Austin, clearing the way for the deal to close tomorrow morning at 9 o'clock.

As KUT News reported two weeks ago, the county will pay $21,750,000 for the downtown block next to Republic Square Park.

County Judge Sam Biscoe says that’s half a million more than the appraised value.

“But I think that the location, more than justifies that. Plus it’s the size that we need,” Biscoe told KUT.

Read more
development
11:20 am
Mon November 22, 2010

Firm That Made Cowboys Stadium Will Work on Austin's F1 Track

Dallas-based HKS, which designed and built this structure, among other sports complexes, will work on Austin's F1 track, scheduled to open in 2012.
Image courtesy Cliff Baise http://www.flickr.com/photos/cliffbaise/

HKS, an architectural firm in Dallas, announced this morning that it will lead the team assembled to build a new Formula One track in Austin. HKS designed and built the Cowboys Stadium in Arlington and the Dell Diamond in Round Rock.

Read more
development
10:28 am
Thu November 18, 2010

What Are Those Dinosaur Bone Things on I-35?

These giant beams are light fixtures that will illuminate the parking lot underneath.
Photo by Nathan Bernier for KUT News

Thousands of people drive over the I-35 bridge in downtown Austin everyday, and many are probably wondering about the large metal beams poking from underneath. Some people have compared them to dinosaur bones or whale bones.

Read more

Pages