Found 2 blog entries tagged as real estate projects.

Southeast Austin's River Park is just one of many transformative projects planned for East Austin. PRESIDIUM

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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The Cloverleaf by Brohn Homes, a South Austin residential development, is being constructed through a public improvement district, or PID, agreement with Travis County. The project will raise more than 500 new homes. THE BROHN GROUP LLC

Austin Business Journal writes, "developers in Travis County have a financial tool back at their disposal that's designed to support large-scale real estate projects, but they may not be supportive of all the changes made to the reworked program.

That's because revisions to public improvement districts, or PIDs, include an increase in community benefit charges tied to certain projects. Previously, developers paid a fee equal to 10% of total investment if their projects didn't include enough affordable housing, but that has been raised to 17.5%. The application fee for a PID has also been increased from $55,000 to $150,000.

Adam Boenig, co-president of Brohn Homes — among the region's most active residential developers — called the higher fees a…

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