16 posts categorized "South/SW/SE Austin"

Monday, September 03, 2007

Soco Suites in Austin Provide Affordable Office Space

WfrenderresourceI received an email from the Austin Real Estate Networking club, so wanted to post here.

Angelique Naylor is representing the landlord on a renovated office complex on South Congress Avenue in Austin. Investors may still be welcome to purchase or it could be a good location for a small office space.

According to the description, "Both interior and exterior renovation to completely change the look of the building coming soon. Building sign to compliment new building style coming soon - this will be complete with tenant name slots. Triple net leases and gross leases plus utilites available depending on size of office suite selected."

Link: Soco Suites for Lease.

Monday, August 06, 2007

Southeast Travis County Boom on Way

Carma Central East Austin was one of the undervalued areas in Austin 5 years ago that underwent a massive explosion in price appreciation once the market caught on. Now, Southeast Travis county is finally getting some of that attention.

The Austin Statesman reported at 20-year mixed-use development in Southeast Travis County near McKinney Falls Parkway that may eventually house 30,000 residents. According to the article, "Carma Texas Inc. is proposing a community with 7,500 single-family homes; 3,500 townhouses, lofts and apartments; and 1.2 million square feet of office and retail space."

Although there was controversy around the SH130 Toll Road, you can't deny the fact that any communities along this highway will see significant growth.

Read more about it now! Big mixed-use project set for southeastern Travis.

Wednesday, May 30, 2007

Zilker Neighborhood Association Blesses Barton Place Condos

Bartonplace I'd previously mentioned that Austin is a tough cookie when it comes to developing here. Many believe that our Zoning and Planning Department has "strict" guidelines. In addition, Austin residents have no problems speaking out to approve or disapprove of neighborhood changes. They want new developments to match their needs, desires and current community feel.

Well at another developer got it right! The project team for the upcoming Barton Place Condos in South Central won over neighbors and the City of Austin by getting their input from the very start. The Zilker Neighborhood Association isn't an easy community to win over, but final approvals are in place. The Barton Place Condominiums will be:

  • Environmentally friendly. Developers are working with the Austin Greenbuilding Program.
  • Limit heights so neighbors can keep their views.
  • Not harm Town Lake.
  • Retain as many trees as possible.

The downside is that the Pecan Grove RV Park residents will be overlooked. The pricing on the condos are much too high for the current occupants to afford. I still haven't been made aware of the developers are offering affordable housing options, which is a disappointment.

Read more: Neighborhood satisfied with development

Search all condos and lofts online at AustinMLSonline.com.

Saturday, May 19, 2007

Living in Austin...You're in a Great Place

Lakeaustin I'm finally getting used to the move to South Austin. I've been in Austin since 1999, so have had ample time to live in various parts of the city. A very cool realization that every area I've lived in Austin is a great place to live.

Far South Austin. Far South Austin and South Austin are great areas. They're growing, so retail shops and nice, new communities are popping up everywhere. Just this week, the huge Southpark Meadows shopping area opened their Cinemark Movie Theater.

East Austin
. East is one of the most diverse and up-and-coming areas in Austin. I love East Austin and am glad it's growing. Hip, cool condos are on the way as well as the Mueller Austin master-planned community.

North Austin
. North Austin used to be THE area for relocating families or great shopping. It's still very cool. The Arboretum shopping area has now been overshadowed by The Domain as the best outdoor shopping in North/Northwest Austin.

Hookem1024x768 University of Texas/Campus Area
. UT area is a great place that helps "Keep Austin Weird". There are some great eclectic shops like Toy Joy and restaurants like Tapioca House or Kerbey Lane Cafe.

Downtown Austin.
Downtown Austin has been growing towards a more residential area. Years ago, you'd only come to downtown to party, work or go to a convention. Now, we have the Amli and other residential towers and condos.

I'm proud to be in Austin and plan to be here for a while. Moving soon? Reduce the trauma!

Thursday, April 19, 2007

Villa Muse, $1.5B Neighborhood Shakes Up Southeast Austin

Every now and then, a developer takes a city by storm. They may announce a project so huge, so different and forward-thinking that it shakes up the status quo. Austin has had so many development announcements in the past year alone that we've sort of "been there, done that" when it comes to new central or downtown condos and other upcoming projects.

Villa Muse, a $1.5 Billion Dollar "creative class" neighborhood in far southeast Austin has  garnered the attention of just about every newspaper publication and blog since their announcement Tuesday. Aside from Mueller Austin, there hasn't been as much excitement about a master-planned community. Villa Muse is even getting more attention than the Domain in Northwest Austin.

Villa Muse isn't just cool because of the huge price tag. It's anticipated because Austin is making a serious play for creative talent and big studios productions. Where else in Texas are you going to find a 50,000 square-foot sound stage and recording studio as well as an amphitheater in the middle of a neighborhood?

Now I see why people in the know have been warning me to keep my duplexes in Area 9, zip 78741 in Austin.

Texas House of Representatives Sponsor House Bill 1634 to give incentives to Villa Muse. Video is at News 8 Austin.

Read how the 'Creative talent' will anchor $1.5 billion neighborhood.

Blog: What is Villa Muse?

Tuesday, April 17, 2007

Construction to Begin in Two Weeks at SouthPark Meadows

I received a bulletin from the developers at the Southpark Meadows Mixed-Use Retail project in Southwest Austin. Construction will begin soon on both of Southpark Meadows' housing developments located on the western edge of the 425 acre site.

In late April, Lennar will begin construction on The Reserve at Southpark Meadows. Lennar is on schedule to build approximately 330 single family homes with estimated price points between $280,000 and $350,000. The home sites will be located on the southeast corner of Slaughter Lane and South First Street with the first model homes being completed in December of 2007.

Fairfield Properties will also break ground on its planned 700 multi-family units located off South First Street (south of the Lennar tract) in late April. The first phase will consist of 456 units.

Read more on the Reserve at SouthPark Meadows.

Wednesday, April 11, 2007

Reserve at Southpark Meadows Underway in Southwest Austin

South Austin real estate is insanely hot. The area is one of the top picks for new developments since large parcels of land are still available even though demand is hotter than ever. A new subdivision  called the Reserve at SouthPark Meadows is on the way. The approximate 400 homes from Lennar will range in price from the $280s to $350s. 

If you haven't heard much about the Reserve at Southpark Meadows, it's because it has not broken ground. The developer seems to be in the final planning process. According to city records, Phase IA will be composed of 134 lots on 80.282 acres and Phase 1B Final Plat, is slated to be 89 lots on 29.805 acres.

The Reserve at Southpark Meadows will be adjacent to the 425-acre retail development, Southpark Meadows.

SOUTHPARK MEADOW RETAIL FEATURES:

  • Cool local hangouts like Austin Java, Amy's Ice Cream, Waterloo Ice House, and Woody's.
  • Popular regional stores like Bed, Bath, and Beyond, Target, Ashley Furniture, etc.
  • Family places like Gattytown and a movie theater

I thought it was peculiar that the Reserve will be one of the highest priced developments from Lennar. Lennar is typically a more "affordable" builder. They have some homes in the $200s, but not do not normally get into the $300s. We'll have to see how they're going to step up their quality.

See more places and stay updated at the SouthPark Meadows website.

Wednesday, February 14, 2007

Frontier at Montana To Provide Affordable Housing in Southeast Austin

Southeast Austin will see a new, S.M.A.R.T built affordable housing development this year. The Austin housing Finance Corporation may continue to accept proposals from builders at the Frontier at Montana Subdivision in the Montopolis area of East Riverside. There are about 81 lots that will be completed. The proposal package is currently on the Austin Housing Finance Corporation website.

The package is meant for developers, but provides details for anyone interested in the project, including addresses of the lots.

Tuesday, February 13, 2007

CapMetro Building Transit Station in South Austin

City Council is meeting on the 15th to have their full-day session. Some of the agenda items are interesting. A transit station near Foremost Drive and South IH 35 has been in the works since last fall. The physical address that was cited is 7902 S I H 35 Austin, TX 78745-7325. The zoning is being changed in this area for a Transit Oriented Development (TOD) District.

According to public records, the design guidelines were established and is part of the current All Systems Go Plan. There will be a park and ride facility that starts at the Tech Ridge Park and Ride on IH35 North near Parmer Lane. This is important to home owners and investors in this area because CapMetro's plans include having retail services available at each location. Their vision is to have a place where we can drop off our cars, ride to work, and shop. They favor daily services such as dry cleaners, daycare, coffee shops, and other small retailers.

It's unknown how much growth will be in areas near Park and Ride facilities, but the commercial growth around Tech Ridge and other facilities was spurred in the past as the transit areas became operational.

Read more about the All Systems Go Plan online. Expect growth and development near these areas to increase as the plans are finalized.

Tuesday, January 02, 2007

More luxury condos on way to Austin

Newsflash for those of you interested in condos in Austin. We have more on the way!

From the Austin American-Statesman – Wellesley Inn & Suites will be demolished next month to make way for Constellation Property Group’s Star Riverside development.

The $70 million, 254-unit luxury condo project at East Riverside Dr. and I-35 will include four buildings, the tallest of which will be 110 feet or 11 stories.

Construction on the first phase — two 60-foot, 68-unit buildings — will begin in mid 2007. Most of those units will have three bedrooms and average 1,500 square feet, with prices ranging between $700,000 and $1 million. Work on the second phase, the 90-foot building, will begin in 2008, with the final phase starting a year later.

Constellation, an Australian development company, will grant an easement to the city to extend the hike-and-bike trail and donate $250,000 toward a boardwalk or pontoon bridge on the river beneath I-35. The boardwalk would connect the trail from the east with parkland west of the interstate.

Friday, December 22, 2006

Live/Work Lofts and Condo Projects Cater to Austin's "Creative Class"

Austin has had a surge of new developments that seek to accommodate live/work lifestyles. These include Waterstreet Lofts, at Comal and East Cesar Chavez streets; 1305 Lofts, on East Sixth Street; Spaces 2525 and The Magnolia, both on South Lamar Boulevard; Sixth and Brushy at Sixth and Brushy streets; Satsuma53, at East 53rd Street and North Loop Boulevard; and Willow Branch Lofts on Poquito Street.         

The redeveloped Robert Mueller Municipal Airport site will include substantial live/work housing, such as flats above storefronts, and the Domain shopping center being built near the Arboretum will include apartments.

Although the live/work concept dates back centuries, the modern interpretation originated in San Francisco's South of Market area in the late 1990s, when technology began to create a mobile work force, Warshaw says. The "true" live/work space is a loft with a studio/office on the ground floor and a living space on top connected by an open staircase.But the high cost of developing and affording such large lofts has tempered demand. "I think people would love (live/work spaces) but it's a question of cost," Warshaw says. In Austin, "selling a half-million dollar live/work space hasn't really been plausible yet."

Recent projects target buyers by creating boutique urban infill developments with lofts anchored by commercial space at street level.


 

Monday, October 09, 2006

East Riverside Project Biggest Redevelopment Project in Austin

As you may be aware, there's a huge redevelopment effort in South Central Austin near Riverside Drive and Barton Springs Road. This is a very popular area and the development should sell quickly. This recent announcement has been covered on the news extensively. I found a good article about it on the Austin American Statesman.

A local real estate investment firm plans an 840-unit apartment and condominium complex on East Riverside Drive, the biggest project by far in the residential boom in and near downtown.

The project will replace apartment buildings at 222 and 300 East Riverside with three 18-story buildings, said Richard Suttle Jr., an attorney for the developer. Two condo buildings each would have about 243 units. An apartment building would have about 352. All buildings would include parking garages. CWS would give the city about an acre of lakefront land worth millions of dollars as part of the project, Suttle said, as well as room for a park police substation.

Again, this is just in the plans. The developer will need to garner support from the residents and final approval from the city. I'll keep you posted as I learn more.

Link: East Riverside project would add apartments, condos, extend hike and bike trail.

Tuesday, September 19, 2006

Southwest Austin Real Estate in Demand

I found a good article on News8Austin. They spoke about how Southwest Austin is rapidly growing and the area is red hot. Of course, most real estate agents and investors already know this. MLS areas 10 and SW have been excellent areas to buy or sell in for the past few years.

Southwest Austin is growing by leaps and bounds. New condominiums and commercial developments are constantly under construction, and a new elementary school just opened in Circle C to address the population growth...Growth in the area is limited because much of the land around Southwest Parkway is part of the Barton Creek Habitat Preserve. The 4,000 acres are home to the endangered Golden-cheeked warbler and the Black-capped vireo.

AMD is also a major draw to the area. The company’s new world headquarters is being built at the intersection of Southwest Parkway and William Cannon. The Vista Hills condominiums near William Cannon and Southwest Parkway are an example of the hot real estate market. When they were built a few years ago, a condo went for about $170,000. Now they’re valued at $259,00.

Area 10 and SW is a good place for long-term rentals. With the new condo communities, some purchasers may also want to use their property as a second-home. Read the full news article on this topic here.

Wednesday, September 06, 2006

South Congress Lofts on the Way

The Austin Business Journal previously reported that ground has  broken on some new lofts in South Central Austin. The SoCo Lofts have been aggressive in pre-selling their project.

A parcel of land at S. Congress Ave. and Alpine Street is being cleared to make way for an urban condo project with 69 residential units and 17 commercial units. The SoCo Lofts and Shops at SoCo is a collaborative effort by Symcox Development, Greystar Development Group and Tierra Capital. Completion is scheduled for summer 2007.

The building’s design is inspired by turn-of-the-century industrial warehouse architecture. Completion is scheduled for summer 2007. The project will have an elevated and broad loading-dock street front with a mix of shops and restaurants and a shaded courtyard.

"SoCo" (South Congress) is considered one of the the trendiest shopping districts in Austin. Partially due to the "coolness" factor and it's proximity to downtown, SoCo has seen a significant increase in the commercial and multi-use developments lately. Downtown spraul is projected to continue for the next few decades. With the projected Million new residents, these types of developments are welcome.

Saturday, August 26, 2006

More condos on way to East Austin

Pending approval of a building permit, construction is slated to begin in the fall on Skyline, a $46 million condo project. The 118 upscale lofts will be built by Interurban Development LLC. The six-story Skyline between East Eighth and Ninth Streets will overlook I-35. Prices start in the low $200,000s.

Construction is already underway on another East Austin project, Robertson Hill Apartments, 290 upscale units on San Marcos St. between Ninth and 11th Streets. A spokesman for builder Martin Fein says the first units should be available in the spring. Rents are expected to range from $1,175 for a one bedroom to $2,600 for a two-bedroom unit.

Other projects include the Bel-Air Lofts on South Congress Avenue, where all but one of the 48 units in the first phase have sold. Construction is scheduled to begin next month on the second phase - 35 units with prices ranging from about $200,000 to the mid-$300,000s.

Tuesday, July 11, 2006

Hewlett Packard Consolidating and Coming to Austin

From the Austin Business Journal - May 17, 2006
"Hewlett-Packard Co. confirmed plans to consolidate 85 of its global data centers down to six in the U.S., one of which will be located in Austin. Other U.S. cities that will have HP (NYSE:HPQ) data centers include Atlanta and Houston. The Palo Alto, California-based HP says the consolidation will allow it to reduce its IT spending by about $1 billion. The data centers will also showcase HP's products and services."

HP currently has a plant on Wells Branch, a popular community in North Austin. This plant will be expanded. The second plant will be built at Ed Bluestein BLVD in South Austin, a popular area that has seen tremendous growth in the past three years.

According to the story, this is the third high-profile data center announced to come to Austin in the past four years. Our city has been inundated with investors and relocation buyers from other states due to our continued growth, yet affordable housing markets. We have a great place to live and work, so with more announcements from high-tech companies, we're charting the course for an economic boom. The housing market has been pretty heated since last summer, with multiple offers becoming the standard. The commercial market is also seeing less concessions in the office and multifamily sectors.  Retail lease space is also in demand.

Stayed tuned for more updates on this recent announcement by HP.

Dee Copeland, Investment Specialist
AustinHomeNews.com, Team Dee Residential
eRealtyAlliance Commercial Real Estate