Found 7 blog entries tagged as new projects.

ARNOLD WELLS/ABJ

Austin Business Journal reports, "Hutto’s wave of housing construction shows no sign of slowing, with two new projects in the works for the rapidly growing community northeast of Austin.

The two projects, discussed at a Hutto City Council meeting earlier this month, would add hundreds of housing units to the rural city, where the population has more than doubled over the past decade.

The first of the two projects, known as Meadowbrook, is being developed by Columnar Investments, said John Landwehr, Columnar’s Colorado and Texas executive director. Meadowbrook would rise on roughly 88 acres along Farm to Market 1660 on Hutto’s southeastern edge.

For now, plans for Meadowbrook call for around 325 to 370 attached and detached single-family…

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Construction crews continue to add to the Tesla gigafactory, which is spawning a tsunami of ancillary development. JERRY L. BROOKS / BALLISTIC BLADE ENTERTAINMENT

Austin Business Journal writes, "A wave of development is washing over far East Austin, turning empty fields into hulking buildings.

The area around Tesla Inc.'s mammoth gigafactory is considered by many to be Austin's final frontier, and developers are taking the plunge now that Elon Musk has warmed the water. Mixed-use projects, multifamily housing, office towers, shopping centers and more are poised to transform the "eastern crescent" of Austin, which roughly follows the relatively new State Highway 130 toll road.

Here is a look at some of the largest projects on tap in the area. They will create a mountain of work for construction crews and yield abundant opportunities for others. County and municipal planners — especially road builders —…

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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…

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(Micah Green/Bloomberg via Getty Images)

Realtor.com reports, "The numbers: Construction of new U.S. homes fell 14.8% in January as home builders scaled back new projects.

The pace of construction slowed as builders curtailed their activity amid wintry weather in the U.S. in January.

Housing starts fell to a 1.33 million annual pace from 1.56 million in December, the government said Friday. That’s how many houses would be built over an entire year if construction took place at the same rate every month as it did in January.

Housing starts fell to the lowest level since August 2023.

The drop in January was the sharpest since April 2020, during the coronavirus pandemic, when starts fell by nearly 27%. Not including that pandemic drop, housing starts fell by the most since 2015.

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Austin American-Statesman writes, "Pearlstone Partners is doubling down on its commitment to growing in Austin.

Over the next three years, the Austin-based real estate investment firm said it plans to add three new projects totaling upwards of $700 million to its expanding portfolio. The new developments will further redefine the skyline and urban living in the city, Pearlstone officials say.

The privately held Pearlstone — one of the largest providers of for-sale housing in and near downtown Austin —already has invested about $500 million in two completed residential projects and three that are under construction.

Now, it is seeking capital partners for three future projects. The planned projects will add an additional $700 million to…

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(Mario Tama/Getty Images)

Realtor.com reports, "The numbers: Construction of new U.S. homes fell 11.3% in August—falling short of Wall Street expectations—as builders scaled back new projects to focus on completions.

The pace of construction reversed course and fell as mortgage rates stayed over 7%, dampening home-buying demand. The last time construction of new homes was at this level was in June 2020.

So-called housing starts fell to a 1.28 million annual pace from 1.45 million in August, the government said Tuesday. That’s how many houses would be built over an entire year if construction took place at the same rate every month as it did in August.

Economists on Wall Street were expecting a drop in starts to 1.43 million. All numbers are seasonally adjusted.

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Pearlstone Partners CEO Robert Lee, Principal Emily Lee and President Bill Knauss stand outside Pearlstone's Parkside at Mueller development. The firm is seeking capital partners for three new condo projects it hopes to break ground on in the coming years. ARNOLD WELLS / ABJ

Austin Business Journal writes, "amid a year of muted activity for commercial real estate development, Pearlstone Partners LLC is betting big on the continued allure of Austin — it has three new projects up its sleeve that could total about $700 million in construction costs. That's on top of Robert Lee and his team forging ahead on three under-construction projects expected to deliver from early 2024 through 2025.

The Austin-based company just unveiled details on three multifamily communities planned to rise on prime sites, spread from Rainey Street to the northwest side of the Central Business District. All three are still in the investment phase, meaning they may not deliver for a few years.

Demand for housing has slowed across the board in…

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