Luxe Austin Homes - lady bird lake

"What is Austin, TX Known For? 10 Things to Love About This City"

Redfin.com writes, "Austin, TX is a city that defies expectations and embraces its own distinct identity. From its vibrant music scene to its eclectic food culture, Austin is a melting pot of creativity and innovation. As you wander through its streets, you’ll discover why it’s considered one of the best places to live in Texas. If this sounds like somewhere you might want to live, read on to find out what else Austin is known for.

1. Live music scene

Austin is celebrated as the “Live Music Capital of the World.” This title is supported by the city’s flourishing music scene, boasting over 250 live music venues. Iconic venues such as the Continental Club and Antone’s host performances nightly. Additionally, the city’s annual music…

295 Views, 0 Comments

"Major changes could be coming near Lady Bird Lake south of downtown. Here's a preview"

Austin American-Statesman writes, "Like several big-name developers, a New York real estate firm has ambitious designs along a southern stretch of Austin's premier Congress Avenue.

The three high-profile projects by New York-based Related Companies are in a rapidly emerging waterfront area that is transforming the south shores of Lady Bird Lake across from downtown.

Related is a privately owned global real estate company with more than $60 billion in assets owned, managed or under development. It has major projects in Boston, Chicago, Los Angeles, Miami, San Francisco, Washington, D.C., West Palm Beach, Abu Dhabi, and London.

Its Austin projects are planned along and near South Congress Avenue.

Two are south of the Ann W. Richards Congress…

267 Views, 0 Comments

"Related Cos. envisions high-rises in mixed-use hub along South Congress"

Austin Business Journal reports, "a New York-based real estate development firm is planning to transform a 6-acre site at the intersection of South Congress Avenue and West Riverside Drive with high-rise towers — the latest indication that Austin's downtown skyline is poised to expand across Lake Bird Lake.

The Related Cos. wants to establish a planned unit development with a maximum building height of 575 feet, or about 50 stories. The multitower project would include approximately 800 residential units, as well as a 225-room hotel, 200,000 square feet of office space, 90,000 square feet of retail space, 30,000 square feet of space for restaurants and a 25,000-square-foot grocery store, in addition to an underground parking garage, according to…

334 Views, 0 Comments

"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…

540 Views, 0 Comments

In a twist, NY developer approved for $65M purchase of prime South Congress property with redevelopment potential

In a wild twist, one of the nation’s most prolific developers has emerged as the frontrunner to buy out of bankruptcy a six-acre South Congress Avenue site primed for redevelopment.

After the top two bidders for the South Congress site proved either unwilling or unable to timely close on the sales, The Related Companies LP, a New York-based developer with an estimated $60 billion portfolio, negotiated with a Chapter 7 trustee to make a $65 million offer.

Related was approved by a bankruptcy judge Sept. 15 to purchase the site for $65 million, provided it can close on the deal by Sept. 30.

An attorney representing the company, Josh Judd of law firm Andrews Myers PC, told ABJ Sept. 16 that his client is "not anticipating any problems" closing…

565 Views, 0 Comments