Luxe Austin Homes - south congress

"Mixed-use tower could be coming to site near former Statesman building"

Austin Business Journal shares, "A new tower could be on tap for South Congress Avenue if a zoning change is approved Sept. 26 by the City Council. 

The tower — on a roughly 1-acre tract at 311-315 S. Congress Ave., which is just south of the old Austin American-Statesman building — would contain 488 residential units, 30,000 square feet of office space and 7,500 square feet for "ground floor pedestrian-oriented uses," according to city documents. 

The location is not within the planned unit development for the former Statesman site that is the subject of a lawsuit, although it is nearby.

The potential new zoning on the tract would allow for construction of a building up to 480 feet tall, or almost 50 stories. Currently, the site is the…

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"Nearly 300 condos heading to trendy South Congress"

Austin Business Journal reports, "Intracorp Homes has unveiled new details about its upcoming condo development on bustling South Congress Avenue.

Intracorp, one of the most active condo developers in the city, confirmed the project late last year but declined to provide additional information at the time as it worked its way through planning stages. On April 2, the developer announced details, including number of units, costs and the entities working on it. The company also said a final general contractor hasn't been selected.

Leland South Congress, as the project is called, will rise seven stories on about 3 acres spread across four lots at the intersection of South Congress Avenue and Live Oak Street.

The development will add 270 condos to…

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"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…

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"Intracorp plans mixed-use condo development off South Congress"

Austin Business Journal reports, "Intracorp Texas may demolish some existing buildings on the South Congress Avenue retail strip to build a mixed-use project that would bring about 250 housing units to the area.

The project at 2105 S. Congress Ave., directly south of Lively Middle School, would raise a mid-rise condo building with a garage and street-level retail on one of Austin's most popular streets, according to a construction filing with the Texas Department of Licensing and Regulations.

Construction is expected to begin March 1, 2024, according to the TDLR, with an estimated completion date of Oct. 1, 2025. The project carries an estimated cost of $110 million and will be 620,000 square feet.

A site plan filed with the city shows the…

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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…

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Best Areas Of Austin, Texas To Buy A House

Everyone is moving to Austin! The U.S. News & World Report declared Austin, Texas the best place to live in the United States. While Austin doesn't claim the top spot every year, it never falls far from it. The city's population is booming. Each year, thousands of transplants move to the Texan capital city, many of whom come from California (via JBGoodwin Realtors). Texas has no state income tax, making it an attractive place for individuals, and it offers plenty of tax breaks for businesses, too. So it's growing — particularly Austin.

There are many things to love about Austin. First of all, the city has the slogan, "Keep Austin Weird." It's the live music capital of Texas, brimming with great places to eat (seriously, some of the best tacos you…

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