Luxe Austin Homes - downtown

"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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"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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"If you're considering a move to Austin, keep these real estate metrics in mind"

KVUE Austin reports, "as South by Southwest (SXSW) continues in Downtown Austin, we're starting to see more people searching for Zillow listings in the capital of the Lone Star State.

Every morning, the KVUE News team takes a look at the trending Google searches in Austin. Over the past few days – since the start of SXSW on March 10 – searches for "zillow austin" have begun appearing more and more often. On Tuesday, Day 5 of the festival, "zillow austin" was the No. 2 search at around 9 a.m.

With this trend, we thought we would highlight the cost of real estate in the Austin area compared to the median salary.

A new study from Zillow found that Texas had one of "the most valuable housing markets" in the country in 2022. The…

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"3 new casual spots to grab a bite in Austin"

Community Impact shares, "Buzz Burger, a new burger food truck, opened on Jan. 20 at The Buzz Mill in Riverside. Buzz Burger offers a half-vegan, half-omnivore menu with burgers, wraps, loaded fries and sides. Buzz Burger and The Buzz Mill are both owned by Austinite Jason Sabala and located at 1505 Town Creek Drive, Austin. Instagram: buzzburgeratx

Homie Fries—a new food truck from the team behind Burro Cheese Kitchen—opened at 75 Rainey St., Austin, in December. The food truck, owned by Justin Burrow and Aaron Ross, sells loaded fries with an array of toppings, including cheddar jack cheese, smoked brisket, bacon and more. www.homiefries.com

Masa y Más—a counter-style restaurant serving up birria, al pastor and other Mexican favorites—opened on 1817…

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"The Supertalls Are Coming to Austin"

Bloomberg.com writes, "the city of Austin is building up, and its once-modest skyline is getting weird.

Due in 2026 is a mixed-use high-rise called Waterline, designed by the New York firm Kohn Pedersen Fox. At 1,022 feet, the building qualifies as a “supertall,” one of just a handful of these spectacular skyscrapers in the US outside Chicago or New York City. When it’s finished, the project will rank as the tallest building in Texas. Designed like a stack of several different buildings, Waterline will stand out on a skyline that’s growing up faster than almost any other nationwide.

But it won’t stand alone. Groundbreaking is due this year on an even-taller supertall, the Wilson Tower. Wrapped in a dusky golden brise-soleil running the length of…

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"New 2,200-acre master-planned community with 'downtown village' on the horizon for Lake Travis"

CultureMap Austin reports, "a new master-planned community is set to take shape in the "wild hills" of Lake Travis. Thomas Ranch, announced December 5 by developer Areté Collective, is coming to Spicewood, with construction set to begin in 2023.

The 2,200-acre project will boast ample housing — approximately 3,500 units are planned — as well as a downtown village, expansive hiking and biking trails, and many other luxe amenities. Its website says "Thomas Ranch is a 2,200-acre master-planned community reimagined to appeal to a new kind of lifestyle."

“Areté is working to create a new frontier when it comes to Lake Travis living,” Rebecca Buchan, Areté Collective's CEO and co-founder, says in a release.

“Our vision for Thomas Ranch is that it…

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"Not just 'another luxury golf community': Thomas Ranch could add thousands of homes, urban node west of Austin"

The Austin Business Journal reports, "a massive master-planned community could be coming to the border of Travis and Burnet counties.

Salt Lake City-based Areté Collective LP announced Dec. 4 plans for Thomas Ranch, a 2,200-acre neighborhood that could rise along State Highway 71 near Spicewood. It would feature a dense urban core that developers hope to anchor with a major grocer, plus thousands of housing units across multiple types of residences and price points, a school, health care options, a resort hotel and a golf course designed by the mind behind the newest addition to the world's oldest course — The Castle Course at Scotland’s St. Andrews Links.

“What we are trying to do is build an inclusive, livable community,” Areté Collective…

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"Wilson Capital Proposes 80-Story Apartment Tower in Austin, Texas"

REBusiness Online reports, "Wilson Capital, an Austin-based real estate development firm, has unveiled plans for Wilson Towers, an 80-story apartment building in Austin. Totaling 450 residential units and rising 1,035 feet, the development would become the tallest building in Texas upon completion.

The property is located at 410 E. Fifth St. in the heart of Austin’s downtown. It is less than a block from the MetroRail Downtown station, three blocks from the Congress Avenue retail and restaurant district, and six blocks from the Texas State Capitol building. Construction is scheduled to begin this summer.

According to local real estate publication Towers, the project is a massive expansion upon previously released redevelopment plans for the site…

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"15 Austin ZIP codes now dominated by renters not homeowners"

Austin Business Journal writes, "if you live in either the 78727 or 78744 ZIP code, odds are you’re renting.

That's according to an Oct. 24 study from RentCafe, which found that from 2010 to 2020, those two ZIPs transitioned from having a majority of homeowners to a majority of renters. There are now 15 ZIP codes in the Austin area with renting majorities, signifying how the evolution of Austin into a big city is changing its economic makeup.

North Austin’s 78727, which eats up a large part of town north of The Domain neighborhood, had a population consisting of about 51% renters in 2020. Its 2020 renter population of 16,285 was a 21% jump from the 13,413 who called the ZIP code home in 2011, RentCafe found. The rental search platform used data…

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"New 43-story tower breaks ground in Austin's Rainey Street district"

Austin American-Statesman reports, "a 43-story apartment tower is the latest high-rise to start construction in the booming Rainey Street area in downtown Austin.

High Street Residential, along with MSD Partners and River Street Partners, said started construction has bgun on the tower, which will rise 500 feet at River and Rainey streets on downtown's southeastern edge. It will have 377 upscale apartments, ranging from studios to three-bedroom units and penthouses.

Called 700 River (initially River Street Residences), the tower will include 3,400 square feet of retail space and more than 30,000 square feet of amenity space, according to the developers. The high-rise is due to be completed in late 2024.

The project is part of wave of growth…

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