Luxe Austin Homes - expansion

"Developers in East Austin work to remain agile in face of shifting market conditions"

Austin Business Journal shares, "East Austin is growing fast, but that growth may not include more office space after what's springing up is done.

A variety of topics related to development in East Austin — such as plans to pivot away from office construction, the region's attractiveness to businesses and new real estate projects, and what it could look like in the coming years — were tackled during a panel discussion at the East Austin Growth Summit that included developers and one of Austin’s go-to real estate attorneys.

One major discussion point was how to remain agile and adapt in an office market experiencing high levels of vacancy.

Austin’s office vacancy clocked in at an elevated 24.5% in the first quarter, according to commercial…

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"Austin saw 'solid' economic activity in 2024 — here's what to expect in 2025"

Austin Business Journal writes, "When asked to sum up 2024, local economic leaders use labels like "solid," a "continuation," and "bright" — healthy, in other words, but not necessarily stellar.

That's because it was a mixed bag, with Austin continuing to search for equilibrium after huge wins in recent years, such as the successful courting of Samsung Electronics Co. Ltd. to Taylor and Tesla Inc. to eastern Travis County.

Central Texas has long been a hotbed for relocations and expansions, starting largely with IBM Corp. coming to town in the 1960s, and continuing with big steps like Samsung picking Austin for a factory in the 1990s. The trend picked up steam and hit a fever pitch during the pandemic, with companies such as Oracle Corp. and…

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"Austin's economy among fastest-growing in the U.S., new report finds"

Austin American-Statesman writes, "Austin's boom is far from over, as a new report says the metro area has the second-fastest-growing economy in the country.

Austin's estimated regional gross domestic product — the total value of goods and services produced in one year — increased by 4.3% this year, second only to San Francisco's growth at 4.8%, according to the Kenan Institute of Private Enterprise at the University of North Carolina.

The report is the institute's first as a part of its American Growth Project, which aims to provide "up-to-the-minute" economic data for the microeconomies of towns, cities and counties across the country.

Hoping to help government officials and community leaders understand real-time industry trends, forecasts…

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Crane Watch: High-rise hotel to replace bar previously called Russian House; Tesla plans another Austin store

Indiana-based White Lodging is gearing up to develop a 269-room high-rise hotel at the intersection of Fifth and Trinity streets.

The project, planned at 307 and 311 E. Fifth St., would rise 128 feet and encompass 188,640 square feet, according to public documents.

While White Lodging is developing the project, the owner is listed in public documents as 311 E 5th Series, a subsidiary attached to Finley Company.

The project site is about four-tenths of an acre. The space is currently occupied by low-slung buildings that were once home to the Trinity Hall event venue and House restaurant and bar (formerly Russian House), both of which have closed.

White Lodging declined to discuss more granular details of the development at this time.

In…

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