Austin Real Estate To Bloom Bigtime in 2010
by DeeinAustin™
Ok. So I am officially excited. I've been sniffing the pollen of the new mixed-use real estate developments, condo towers, and the new urbanist communities coming in Greater Austin 2008 through 2010.
Central Austin development took a step forward last week, with two huge projects breaking ground.
The Four Seasons Residences luxury condo tower in Downtown Austin broke ground last week, as did the first phase of the highly-anticipated Crestview Station in North Central Austin.
Both are scheduled for completion in 2010.
COOL! CRESTVIEW STATION NORTH CENTRAL AUSTIN FINALLY BREAKS GROUND
"Crestview Station will be one of Austin's biggest transit-oriented developments...to the tune of $100 million. It will be on the Capital Metro commuter rail line currently scheduled to start service this year, and is expected to bring housing and retail and office space to the neighborhood". ~Austin American Statesman 1/30/08.
The 73-acre, mixed-use project between North Lamar Boulevard and Morrow Street will be the first big transit-oriented development on the new commuter rail line. Midtown Commons at Crestview, will be first residences. Too bad they're only rental apartments.
FOUR SEASONS RESIDENCES, DOWNTOWN AUSTIN ON THE WAY
The $125M Four Seasons Residences, one of Downtown Austin condominium towers, broke ground last week as well. The 32-story tower will be next to the Four Seasons Hotel with a great view overlooking Lady Bird Lake. According to the Austin Statesman:
- The building's 166 residences will be priced from $400,000 to $4 million, with units from 880 to 5,500 sf.
- Residents will have access to the hotel's services and amenities, including 24-hour concierge, in-room dining and housekeeping.
- There will also be a 2,000-sf fitness center, facilities for entertaining and a rooftop pool, which will be the highest in Texas.
Just sprouting is The Villagio Austin, an $85 million upscale mixed-use on 29 acres in far Northwest Austin. Construction on Villagio Austin is set to begin March and should be completed within two years.
BLOG CHANGES BLOSSOMING- Spring '08
Due to the rapid change and growth in Greater Austin real estate, we felt the need to shift focus. The new Texas Realty Blog will be an interactive website experienced for Austin real estate news, hot issues, upcoming developments and insider tips.
LIKE THIS STORY? READ MORE...
- Grandma is snatching up all the Downtown Condos!
- What's in the works for Downtown Austin?
- Is the Downtown Austin Condo Market too Hot, Cold?
- See the Future Austin Skyline at Austin Fit Magazine.
- Read about the Villagio Austin, Four Seasons Residences and Crestview Station.
- Trans-Texas Corridor Stirs Controversy.
- Be an Austin Market Conditions Reporter.
I have seen so many interesting things about Austin Texas I want to visit there and maybe move there.
I just love the development that is going on there.
Posted by: Blairsville Georgia Real Estate | Tuesday, February 19, 2008 at 09:50 AM