Found 54 blog entries tagged as apartments.

An Austin real estate investor has a plan to redevelop Barton Springs Apartments. The project would more than triple the total number of residences on the existing site. CITY OF AUSTIN

Austin Business Journal reports, "A plan to demolish a 40-unit apartment complex near Barton Springs Road to make way for a bigger one is set to be considered by City Council later this month.

The project at 1725 Toomey Road — on a less-than 1-acre tract sandwiched between Butler Shores and the original Chuy’s restaurant — would replace the existing Barton Springs Apartments with a new building containing more than 203 units.

Property owner Greg Smith of First Austin Properties is seeking a zoning change for the location to remove a conditional overlay that restricts building height to under 75 feet. Aside from the conditional overlay, the property has the city's highest-density multifamily zoning.

The exact height and other details of the…

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This rendering offers an example of one of the larger floorplans that will be available from Taylor Morrison in the Longview development. TAYLOR MORRISON

Austin Business Journal reports, "Bond financing has been secured for a long-anticipated public improvement district that will support more than 1,400 new homes in far East Austin.

Located on 427 acres east of Del Valle High School between State Highway 71 and Pearce Lane along Kellam Road, the Longview 71 PID is expected to result in 1,461 new homes from homebuilder Taylor Morrison (NYSE: TMHC) in the coming years. During a March 19 meeting, the Travis County Commissioners Court approved a service and assessment plan for the site, in addition to an estimated $10 million bond to support it. The land is not far from Austin-Bergstrom International Airport and Tesla Inc.’s gigafactory.

Christy Moffett, the county’s director of economic development,…

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Ashton Gray Development's Briarwood community is Elgin's first in-city MUD. It's just one of the many developments that the Houston-based company has on its books. ASHTON GRAY DEVELOPMENT

Austin Business Journal reports, "the company behind Elgin’s Briarwood mixed-use development has big plans for other parts of the Austin metro.

Houston-based Ashton Gray Development recently gained approval from the Elgin City Council to annex 75 acres into Briarwood, a housing development and the city's first municipal utility district. With a pipeline that ranges from Jarrell to Lockhart and stops in between, however, that's only the tip of the iceberg for Ashton Gray, which is aiming to bring more than 5,300 single-family homes to the region, plus apartments and commercial projects.

“We started acquiring land in Austin several years ago,” said Shaun Vembutty, Ashton Gray founder and president. “This was even before some of the buying frenzy…

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(Micah Green/Bloomberg via Getty Images)

Realtor.com reports, "The numbers: Construction of new U.S. homes fell 14.8% in January as home builders scaled back new projects.

The pace of construction slowed as builders curtailed their activity amid wintry weather in the U.S. in January.

Housing starts fell to a 1.33 million annual pace from 1.56 million in December, the government said Friday. That’s how many houses would be built over an entire year if construction took place at the same rate every month as it did in January.

Housing starts fell to the lowest level since August 2023.

The drop in January was the sharpest since April 2020, during the coronavirus pandemic, when starts fell by nearly 27%. Not including that pandemic drop, housing starts fell by the most since 2015.

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Austin American-Statesman reports, "just as it is a buyer's market in Central Texas' single-family housing market, so too is it a renter's market in the Austin-area apartment market.

Likely to the dismay of landlords and delight of tenants, Austin saw the second-steepest yearly decline among metros in the latest study by Rent.com.

Rents in Austin dropped 12.5% in December compared with December 2023, according to the study, which tracked rates in the nation's 50 largest metros.

Asking rents in Austin were $1,985 a month in December, versus $2,270 a month the prior December, the study said.

Austin's decline was followed by Raleigh, North Carolina, where rents dropped almost 12.2% to $1,873, and the Las Vegas-Henderson-Paradise metro, where…

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Wasatch Premier Properties will transform a 58-acre tract in the southern portion of Thomas Ranch into a multifamily development. ARETE COLLECTIVE LP

Austin Business Journal reports, "Thomas Ranch, a 2,200-acre mixed-use project on the shores of Lake Travis, continues to take shape.

Salt Lake City-based developer Areté Collective LP has been toiling away on the first phase of construction — a private residential community named Loraloma — while Wasatch Premier Properties recently came on board to build hundreds of multifamily units on another 58 acres west of Austin. Areté Collective recently sold the 58 acres to Wasatch, an arm of Utah-based Wasatch Group, according to a Jan. 30 announcement.

Wasatch's "decision to become the inaugural development partner within Thomas Ranch’s downtown district brings us one step closer to delivering a lively destination to live, work, and play in West…

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Link Logistics' Luke Petherbridge with 11209 Metric Boulevard (Link Logistics, Google Maps, Getty)

TheRealDeal reports, "a Blackstone subsidiary is gearing up for a big multifamily project in North Austin.

Link Logistics Real Estate Management, led by CEO Luke Petherbridge, filed to rezone the  6-acre site at 11209 Metric Boulevard to allow for a five-story complex with nearly 500 units, the Austin Business Journal reported. 

The project, called LL Braker, according to city filings, is also slated for 5,000 square feet of retail space and structured parking. It’s unclear if the residential units will be apartments or condos. A one-story warehouse, built in the 1980s and spanning 85,000 square feet, would be demolished for the project.

Link Logistics is requesting to change the property’s industrial zoning designation to allow…

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The Radisson Hotel Austin – University will be revamped alongside plans to raise apartment buildings on the site. ARNOLD WELLS / ABJ

Austin Business Journal reports, "an Austin hotel is planned for redevelopment as part of a project expected to create hundreds of new homes north of downtown.

At the vacant Radisson Hotel Austin - University, developers plan to renovate the existing 298-room hotel and aim to raise as many as 1,000 new apartments and add 40,000 square feet of commercial space to the site, according to a rezoning request moving through City Hall.

The property at 6121 N. I-35, owned by ASAP Austin LLC, rests between the St. John and Coronado Hills neighborhoods. The roughly 8-acre site is at the northeast corner of I-35 and U.S. Highway 290. It is valued at $22 million by the Travis Central Appraisal District.

The hotel will be rebranded to Delta by Marriott,…

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The Yard business park off St. Elmo. Owner Veloway Threads now owns much of the St. Elmo Arts District. PAUL THOMPSON / ABJ

Austin Business Journal reports, "one of the biggest property owners in South Austin’s St. Elmo Arts District acquired a whole lot more real estate in the neighborhood in December.

Austin-based Veloway Threads — owners of The Yard and other properties where business such as Icon, Tesla, Still Austin and St. Elmo Brewing lease space — purchased eight properties within the district last month, said Priscilla Sauceda, vice president of operations and community at Veloway Threads. The area, which a few years ago was a sleepy industrial hub, has piqued the interest of many developers and is rapidly changing into a mixed-use destination.

The firm also purchased four other properties outside of St. Elmo, and all 12 properties together pushed Veloway’s…

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Researchers expect real estate in Texas to slow in single-family home prices but increase in other areas.

KVUE reports, "real estate experts now have an idea of what to expect this year for Texas real estate.

The KVUE Defenders pulled information from the Texas Real Estate Research Center at Texas A&M University, The Austin Board of Realtors and the Federal Reserve Bank of Dallas.

In the first quarter of 2023, the home price index for Austin-Round Rock was -8.43%, according to Texas Real Estate Research Center. Records show it fell again by double digits (-11.86%) in the second quarter. The home price index for Austin-Round Rock showed -6.19% for the third quarter.

The Texas Real Estate Research Center and Austin Board of…

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