By DeeinAustin™
Today's spotlight is on controversial Park Place Village, a 10-acre gated RV site for 150-175 "chronically homeless" individuals.
The 99-year ground lease for the city-owned land in East Austin was approved by council to help fight homelessness.
Opposing East Austin residents faced an uphill battle at this week's city council meeting. Reporters said hundreds of homeless Austinites and their supporters packed council chambers to ensure approval for the 3-year project. Park Place Village residents would rent the RVs and cottages for $100 to $375 a month, including electricity, water and TV services.
Three Major Reasons Why East Austin Opposed Park Place Village
By DeeinAustin™
This week's spotlight focuses on the $85M mixed-use project breaking ground in Northwest Austin.
The Villagio will be located at RR 620 between US Hwy 183
and TX Hwy 71 minutes from Lake Travis. This project is sizable, with 29 acres of retail, office and luxury residences, all with an Italian style.
• 117,310 SF Retail/Restaurant space
• 31,800 SF Professional Office space
• 300 Apartments and a 5-acre lake
Who will live, work and shop at the Villagio Austin?
Continue reading "Spotlight: $85M 'Villagio' Brings Mixed-Use Luxury to Northwest Austin" »
By DeeinAustin™
This Friday's story focuses on Austin custom home builder involved with Maravilla. (NOTE. The builder has not been indicted for charges, so names will be kept anonymous.)
According to readers, local sources, and information available to the public, a 'Maravilla Builder' may soon be under investigation by several Texas legal authorities for accusations around their involvement in Maravilla, a subdivision that resulted in Texas Builder Mike Kelly filing bankruptcy.
Kelly confessed to an agreed order from Texas Residential Construction Commission (TRCC) for his actions.
One Maravilla Builder's license was deactivated in February for reasons unknown to us.
We were told that current accusations from private individuals against a Maravilla Builder include:
By DeeinAustin™
Today's spotlight is on SouthTown Austin, a growing area of South Austin that lacked the media attention of it's popular cousins in the SoCo (South Congress) and SoLa (South Lamar) Districts.
SouthTown Austin has been quietly booming for the past few years. Home
prices steadily rose. The area is affordable,
ripe for rehabs, and ready for new construction. The latest Austin real estate update showed South Austin homes selling in 30 days, SouthTown included.
SouthTown may share the same fate as SoCo, which now has too many condos coming. The Austin Statesman published an article entitled, "It's called LoCo and it's getting a redo".
WHERE IS THE SOUTHTOWN DISTRICT(aka SOUTH SOCO, SOUTH SOLA, LOCO, LOWER CONGRESS)?
Continue reading "Austin Real Estate District Spotlight: Austin's Southtown, Lower Congress Area" »
By DeeinAustin™
This week's spotlight is on Streetman Homes,a national builder who is well-respected in Central Texas because of their high-end, green, sustainable homes.
Streetman is among few volume builders who can build 5-star green homes. Their popular styles include Hill Country Modern (pictured) and Craftsman.
Streetman's Austin communities are popular for buyers handling in or out-of-town relocations.
MOST POPULAR STREETMAN HOMES COMMUNITIES IN AUSTIN
1.Stone Creek is new at Circle C Ranch and starts in the mid $270s. Circle C is probably the most popular master-planned communities in Southwest Austin, so to have some more affordable homes in the neighborhood seems like welcome mix.
2. Belterra. Streetman has several choices in Belterra: Valley Oaks from the $240s, Palisades starting at the $350s and Aspen Hills starting in the $420s.
3. Mueller Austin (pictured) homes starting at $480,000. Mueller is about 30 minutes southeast of the Lake Travis and a few minutes to Downtown Austin.
STREETMAN INTRODUCES WEST CYPRESS HILLS IN THE TEXAS HILL COUNTRY
Continue reading "Builder Spotlight: Streetman Homes Opens West Cypress Hills this Sunday" »
By DeeinAustin™
We've been celebrating our own Green Week here at the Texas Realty Blog.
CAN GREEN BE AFFORDABLE AND LOOK "NORMAL"?
Some of my clients are custom green home builders who specialize in infill development.
It can be challenging to build a high-quality, beautiful green home in an existing neighborhood while trying to keep prices affordable. If you find a good green custom home builder, the home won't look odd for an area...or too cookie cutter. Affordable development is often achievable through tax incentives and programs.
These green real estate developments took it a step further and built entire green communities that are sustainable, diverse, and walkable, the principals of new urbanism.
Many made strides that set the bar for other home builders and developers in this arena.
TOP GREEN REAL ESTATE COMMUNITIES THAT DARED TO BE DIFFERENT
Continue reading "Mueller Austin Among Best Green Real Estate in U.S." »
By DeeinAustin™
Let's take a stroll along East Riverside Drive in Southeast Austin, Texas for a mini site-seeing tour of present-day Austin. Picture yourself walking by my side as I describe the sites, sounds, and ambiance of the area.
Our tour begins on Riverside Drive, just East of IH35, as we head towards South Lake Shore Boulevard overlooking popular Town Lake.
There aren't many homes on the street, because it's mostly a commercial corridor, but that's ok because the fumes from cars whizzing by has us lightheaded.
...the streets are a little grimy, but that's ok. I'll protect you while picking up litter along the way. The sweet smell of pizza, tacos, and "fried stuff" fills the air as we pass by the Capmetro bus stops taking students to campus.
A newspaper blows down the street. You catch one of the headlines,"Luxury high rise condos coming to East Riverside Drive in Southeast Austin".
WHY EAST RIVERSIDE DRIVE IN SOUTHEAST AUSTIN IS PRIME REAL ESTATE
Continue reading "East Riverside Drive Southeast Austin to Go From Rags to Riches in 2009" »
By Guest Author, Kevin R. Rodgers.
Baby Boomers will buy one out of every five new homes sold in 2008. What the 55-and-older segment is really looking for is vacant land.
For instance, the Texas Hill Country is a prime location for Boomers to look for land from a 1- acre parcel in Marble Falls to a 300+ acre ranch in one of Burnet County’s ranch communities.
A recent boom in real estate development in Burnet County has resulted from this influx of future retirees. Baby boomer investors coming to the Texas Hill Country are picky, but seem willing to pay top dollar for a piece of land in a great location next to outstanding amenities like fishing, boating and golfing.
Today's Spotlight is Eagle Mountain Reserve. Features include:
WHY BABY BOOMERS ARE SCOOPING UP TEXAS REAL ESTATE
Continue reading "Community Spotlight: Baby Boomers Cash in on Eagle Mountain Reserve " »
By DeeinAustin™
I was in a Austin real estate market update class this week where Residential Strategies gave a year-end summary and forecast for the Austin area.
Here is what was said for the January 2008 market summary.
1. Texas isn't doing bad compared to other states, but many national builders are in trouble due to their activity in Florida, Arizona and California.
2. Dallas, Houston, and San Antonio real estate markets are overbuilt in the affordable home price ranges. Builders are doing auctions and fire sales to get rid of their sub-$150k inventory.
3. Austin continues to buck trends and will continue to do well in 2008. The downside is that national builders in Austin will still suffer because their parent companies are in trouble.
4. National builders located in Austin have already pulled back on inventory, which may cause a shortage in 2009.
WHY NEWMARK HOMES AND OTHER AUSTIN BUILDERS MAY BE IN TROUBLE
Continue reading "Builder Spotlight: Newmark Home's Parent Company Files Bankruptcy" »
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