Luxe Austin Homes - development

"The Star Trek Tech Selling Luxury Condos in Austin"

TexasMonthly writes, "near the edge of a cliff that plunges hundreds of feet down to the shore of Lake Austin, a five-thousand-square-foot steel-frame structure with tentlike walls houses the potential future of ultraluxury real estate marketing: a holodeck.

The term comes from Star Trek, in which Federation starships were equipped with special rooms where crew members could create and interact with holographic environments. At Lake Austin, the enormous space brings to virtual life, in photographic detail, one of the most opulent condo buildings Texas has ever seen. Its creator bills it as the first installation of its caliber anywhere.

Let’s back up. When entrepreneur Jonathan Coon announced his plans to build a sprawling complex along the top…

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"Salvation Army lists downtown Austin acre"

TheRealDeal reports, "an acre of land in downtown Austin primed for redevelopment has hit the market. 

The Salvation Army is selling its parcel at East 7th Street and Red River Street, which currently has two buildings and a half-acre surface parking lot. The larger of the structures is the former Salvation Army Downtown Center at 501 East 8th Street, and the other is a 1,500-square-foot retail building at 718 Red River Street, which sits noticeably tenantless amid a string of happening bars and restaurants.

The parcel, half a city block in total, has the potential to be redeveloped as a 230,000-square-foot, mixed-use development. Peter Jansen and Jennifer Joseph of CBRE are marketing the property.

Red River Street sits between the more…

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"New incentives bolster burgeoning Bee Cave entertainment district"

Austin Business Journal reports, "the Bee Cave City Council on April 25 approved $3.25 million in incentives that will help build a road to service a growing entertainment corridor in the city that includes the revamped Backyard in Bee Cave project — on track to open next year.

During the last month, City Council has worked to clear the way for developers of a 28-acre site north of State Highway 71 and immediately west of Bee Cave Central Park to start work on what they say will be a mixed-use project that includes housing and dining options. That includes the extension of a road, Willie Way, that will also service a 35-acre site at 13801 Bee Cave Pkwy. that will house the long-anticipated revamp of the music-venue-centered mixed-use Backyard in…

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"IBM finds new Austin home"

Austin Business Journal reports, "IBM Corp. has lined up a new home in Austin — it should be move-in ready in 2027.

Big Blue, which back in September solicited proposals for a new office hub in the Texas capital, has decided to move into a newly proposed development by Hines at the northern tip of The Domain, said Joanne Wright, an IBM senior vice president. It has leased space in two 14-story towers proposed on the site of a La Quinta Inn and Suites at 11901 N. MoPac Expy. — not far from IBM's current campus at 11501 Burnet Road.

It will mean a new home in Austin for IBM (NYSE: IBM), one of the original big tech employers in the city, and its roughly 6,000 employees.

IBM is leasing about 320,000 square feet, out of the project's 500,000…

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"Even in a constrained economy, North Austin is epicenter of Central Texas' growth"

Austin Business Journal writes, "of all the great parts of this great city, I’m going to say North Austin is in the middle of it all — literally and figuratively.

Take a look at our metro on a map. It’s top heavy — always has been. The bulk of the action is far north of the river and downtown, and every indicator we have says it will continue to be that way in our lifetimes. The Domain area, aka Austin’s second downtown, is the geographic center of the developed Austin metro area, thanks to Williamson County’s housing boom. Downtown Austin is actually on the southern end of our built-out metro.

A new center of gravity

Some experts have told me that The Domain area could eventually eclipse downtown Austin in size, weight and height. That…

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"Solana Ranch developer says 50K could eventually live in huge community near Jarrell"

Austin Business Journal writes, "when asked why his company was interested in building in Central Texas, DMB Development LLC CEO Brent Herrington rattled off a long list of reasons.

"Beyond the economic opportunity, we love that Central Texas is a place people feel drawn to for lifestyle reasons, a place people choose rather than settle for," Herrington said in an April 18 email. "I grew up in Texas and have a real appreciation for the unique, quirky culture of the greater Austin area. I love the natural beauty, the dynamic blend of people and cultures, the creative vibe, the live music scene, and, of course, the food."

That helps explain why his Arizona-based development firm aims to transform more than 7,000 acres near Jarrell, north of Austin…

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"Dripping Springs may grow, add 300-plus homes"

Austin Business Journal reports, "Dripping Springs City Council will this week consider annexing and rezoning nearly 100 acres, clearing the way for hundreds of homes to rise in the fast-growing city west of Austin.

The property in question is a 97.4-acre slice of land located along U.S. Route 290 just east of Dripping Springs, according to the meeting agenda. If the annexation goes ahead and the land is rezoned as a planned development district, the project, known as Gateway Village, could have 307 single-family homes with lot widths of 50 to 60 feet. Plans also call for 7.2 acres of commercial land and 22.36 acres of open space.

The landowner is Cannon Family Ranch Partnership Ltd., which has owned the property since December 1999, according…

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"Lake Austin luxury development employs VR to place owners in homes before they're built"

Austin Business Journal writes, "the Four Seasons Private Residences Lake Austin is still a few years away from completion on Bridge Point Parkway near the Pennybacker Bridge.

In the meantime, prospective buyers can experience the luxury residential development's homes and amenities through virtual reality, an example of how new technology is changing the marketing of real estate.

Site work began Feb. 8 on the project but, by donning a pair of VR goggles, one can already walk around the 145-acre Lake Austin property's sprawling homes and more than 100,000 square feet of amenities.

Jonathan Coon — partner at Austin Capital Partners, which is co-developing the project with Four Seasons Hotel and Resorts and Hines — believes the use of VR to…

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"Nearly complete, Sixth and Guadalupe skyscraper takes Austin skyline to new level"

Austin Business Journal shares, "the end of construction is in sight for the Sixth and Guadalupe high-rise. But already, the view from the top of Austin's tallest building is unlike anything else in the city.

The 66-story mixed-use tower, which broke ground in 2019, could welcome its first apartment residents in October, said Tony Curp, senior vice president of development at Kairoi Residential. Sixth and Guadalupe is being developed by Kairoi, which is handling the residential portion; Lincoln Property Co., which is handling the commercial portion; and investor DivcoWest. The tower was designed by Gensler and JE Dunn Construction Group is the general contractor.

Curp this week hosted Austin Business Journal on an exclusive first-look tour of…

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"New homes in one of Austin’s most expensive neighborhoods to begin at $12.5M"

CultureMap Austin reports, "development plans for a secluded, luxury residential community have been announced in Westlake Hills, one of Austin’s most expensive neighborhoods.

Spearheaded by design firm Unicus Developments, FIVE will consist of five contemporary luxury homes on 5.5 acres of land at 3605 Stoneridge Road. Prices for the homes begin at a jaw-dropping $12.48 million.

"The neighborhood where FIVE is located is a coveted opportunity in the highly sought-after Eanes district,” says Eric Moreland of EM group with Moreland Properties, the brokerage firm for the development. “Each FIVE home has a unique finish out and delivers the ultimate experience in refined living.”

Every home in the private, gated community will be painted in…

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