Found 155 blog entries tagged as development.

Two East Austin properties are moving closer to a city-supported redevelopment by a local and national project team, including Block 18 on East 11th Street. (Courtesy city of Austin)

Community Impact Austin shares, "A pair of mixed-use developments with affordable housing and cultural spaces are coming to vacant city-owned lots in East Austin's African American Cultural Heritage District.

The big picture

Local stakeholders and agencies have been working for years on a plan to transform Austin's "Blocks 16 and 18" sites on the 900 and 1100 blocks of East 11th Street.

The framework that's now moving forward was one of two proposals under consideration by Urban Renewal Board—which oversees the "blighted" East 11th and 12th street area under the city's Urban Renewal Plan—since last summer. After months of review, a final outline for the blocks' redevelopment advanced July 18.

“This milestone for Blocks 16 & 18 marks a significant step…

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Plans for Turner Springs include about a thousand housing units — from mansions to apartments. SCREENSHOT OF CITY OF TAYLOR DOCUMENTS

 

Austin Business Journal reports, "A new 100-acre residential neighborhood could be coming to Taylor, where economic growth has been explosive thanks to Samsung’s 2,000-acre, multibillion-dollar semiconductor plant that's under construction in the city.

The development, called Turner Springs, would be home to single-family and multifamily residences as well as commercial and retail properties, according to Taylor Planning & Zoning Commission documents. The commission recommended the project for approval at its July 9 meeting.

If it comes to fruition, the project would be built on two properties that have been owned by an entity known as Turner Bobby Jr Etal since 2000, according to the Williamson Central Appraisal District. Insite…

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Wilson Capital's Jovie Belterra development is nearly complete. The first building was occupied as of mid-June, and the second building is expected to be complete in September. WILSON CAPITAL

Austin Business Journal shares, "Wilson Capital, one of the busiest multifamily development firms in Austin, continues a refinancing spree that began in January. 

The latest effort comes in the form of a $35.2 million loan originated from Southern Realty Trust Inc. for the refinancing of Jovie Belterra, a partially complete apartment complex in the Belterra neighborhood between Austin and Dripping Springs, according to a July 8 announcement.

“Since the beginning of the year, Wilson Capital has successfully refinanced multiple properties in the greater Austin area,” said Taylor Wilson, the company’s president, in a written statement.  “These transactions are consistent with a portfolio-wide recapitalization strategy to support lease-up activities…

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InstaBuilt will build 150 of its Cherry Millenials AsterDomo line of homes, which offer four floor plans, in East Austin's Whisper Valley. INSTABUILT LLC

Austin Business Journal reports, "The latest homebuilder to get involved in East Austin’s Whisper Valley neighborhood — a Central Texas epicenter for innovation in sustainable housing — is pushing the limits of how quickly a home can be built.

Kosovo-based InstaBuilt LLC will build its first U.S. homes in Whisper Valley and also is establishing its North American headquarters in East Austin, according to a July 1 announcement.

The company's homes, which will take advantage of Whisper Valley’s geothermal and solar capabilities, are manufactured off-site and then assembled on-site in eight to 12 hours. Because of the technologies it uses, it's able to construct in an energy-efficient manner at a lower price than the average in Austin, InstaBuilt…

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A view of the Ander project’s frontage along West Anderson Lane. Image: STG Design

TOWERS Austin writes, "Here’s a completely true thing you can say that will greatly irritate many people: Condos are pretty rare in Austin. Although they’re the boogeyman of choice for locals lamenting the relentless march of time, the fact is that the vast majority of new multifamily residential construction in Austin delivers apartments for rent, rather than condos for sale. Of the thousands upon thousands of new housing units constructed in the region since the start of the pandemic, condos make up about five percent or less of that total, and this isn’t great news for first-time homebuyers, since condos are often significantly less expensive than detached single-family homes.

The reason developers tend to prefer apartments over condos is all…

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The transformation from Montechino to Riviera at Lake Travis isn't just a change of name — it’s a bold new vision GETTY IMAGES

Austin Business Journal shares, "Welcome to Riviera at Lake Travis, where Texas charm meets unparalleled luxury living. Emerging from the acclaimed Montechino development, Riviera represents the pinnacle of lakeside opulence in Lago Vista, Texas, under a dynamic new management.

A new name, a new chapter

Riviera at Lake Travis represents more than just a name change — it’s a bold new vision. With fresh leadership guiding our transformation, we are introducing a level of refinement and attention to detail that reflects the finest Texan tastes. Riviera is not just a place; it’s a destination. Here, every sunset over Lake Travis inspires a lifestyle deeply rooted in luxury and comfort.

Opportunities for industry professionals

  • Prime real…

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Lockhart is home to over 15,000 people, according to recent population estimates from the U.S. Census Bureau. ARNOLD WELLS/STAFF

Austin Business Journal reports, "Over 1,400 rooftops are slated to rise south of Austin as the city of Lockhart continues to grow.

Lockhart City Council on June 18 approved the addition of a 472-acre municipal utility district, called Juniper Springs, from Houston-based Perry Homes to the city’s extraterritorial jurisdiction, a move that required the ETJ to be expanded by 88 acres.

The new MUD would allow 1,428 homes to be built on the western edge of Lockhart along State Highway 142, officials said during the meeting. That amount of homes could result in dramatic population growth for Lockhart, a city that's attracted big projects and industrial development in recent years.

Lockhart’s growth over the past decade-plus has been muted, rising…

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San Antonio, Texas, USA skyline. (SeanPavonePhoto via Getty Images)

Yahoo! Finance writes, "Real estate prices surged nationwide when the pandemic hit. Bidding wars, all-cash offers, and contingency removals became commonplace.

Now, the tide has turned in some markets.

Home prices in some large US cities declined in April, according to mortgage data company ICE Mortgage (ICE). San Antonio and Austin in Texas, and Tampa, Florida — among the most popular cities during the pandemic — saw the biggest monthly price declines.

The shift comes as these markets recalibrate: Homesellers and house builders are adding more listings, just as fewer Americans are relocating there.

“The key differentiator we're seeing in terms of growing inventory levels in Florida and Texas is a rise in sellers' willingness to list their…

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Homes in the Four Seasons Private Residences Lake Austin will start at $4.6 million. DBOX FOR AUSTIN CAPITAL PARTNERS

Austin Business Journal writes, "First there was the hotel. Then the condo tower next to the hotel. Soon, there will likely be an entire neighborhood here with the esteemed Four Seasons brand — 179 residences and nine villas in all on top of hills but with access to the lake via a funicular. Construction may begin soon.

Turnbridge Equities, a real estate investment and development firm responsible for major Austin projects such as Music Lane and the CitizenM hotel, has joined Austin Capital Partners and Four Seasons Hotel and Resorts as a development partner for the upcoming Four Seasons Private Residences Lake Austin, a luxury housing development on Bridge Point Parkway with views of Pennybacker Bridge, the West Austin hills and the downtown…

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From left, Heather Donahue, Jeremy Striffler, Hannah Rangel and moderator Stacy Armijo discussed affordable housing solutions in downtown Austin, Austin ISD and the surrounding communities during the Central Texas Affordability Summit. (Brittany Anderson/Community Impact)

Community Impact Austin shares, "Area leaders are continuing to look for creative ways to increase housing supply and create sustainable housing options in Austin, such as changing development codes and spearheading efforts to grow the local workforce.

Amplify Credit Union hosted its second annual Central Texas Affordability Summit on May 23 with Amplify members; Mayor Kirk Watson; and a panel featuring Heather Donahue of MOD Architecture and Design; Jeremy Striffler, director of real estate and asset management at Austin ISD; and Hannah Rangel of the Downtown Austin Alliance.

The gist

Watson said the city has undertaken a number of initiatives to address its housing supply and affordability. In December, City Council approved the first phase of the Home…

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