Luxe Austin Homes - TX

"Tower on West Sixth Street nears completion"

Austin Business Journal shares, "Another West Sixth Street tower is approaching the finish line.

ATX Tower, formerly known as 321 West, will open in the fourth quarter this year after topping out in May, according to an announcement. The 58-story tower will add hundreds of apartments and a big chunk of office space to downtown, much like Sixth and Guadalupe, which opened earlier this year and is located across the street from it.

ATX Tower is being co-developed by Ryan Companies US Inc. and Tishman Speyer Properties LP, the latter of which came on board in 2021.

In total, ATX Tower, located at 321 W. Sixth St., is 425,000 square feet. Floors two through 11 are dedicated to parking. Floors 14 through 19 consist of more than 100,000 square feet…

272 Views, 0 Comments

"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

"Retired NFL Star Derrick Johnson Puts His Lone Star State Home on the Market for $4 Million"

Robb Report shares, "Former Texas Longhorn and Kansas City Chief linebacker Derrick Johnson—known to his many fans simply as “DJ”—has officially hoisted his swanky estate in Austin’s exclusive Spanish Oaks gated community up for sale.

The founder and president of the Defend the Dream Foundation, which serves low-income and inner-city youth, acquired the modern residence back in 2018. Now, six years later, the place has returned to the market with a nearly $4 million ask.

Custom-built by Olson Defendorf in 2015, and designed by Geschke Group Architecture, the creamy stucco and brick structure features five bedrooms and five bathrooms in a little more than 5,400 square feet of multi-level living space boasting an office wing, a gym, movie theater…

236 Views, 0 Comments

"NAR Forecasts 4.71 Million Existing-Home Sales, Improved Outlook for Home Buyers in 2024"

Austin, Texas named top real estate market with most pent-up housing demand next year

WASHINGTON (December 13, 2023) – "NAR Chief Economist Lawrence Yun forecasts that 4.71 million existing homes will be sold, the housing market is expected to grow, and Austin, Texas will be the top real estate market to watch in 2024 and beyond. Yun unveiled the association's forecast yesterday during NAR's fifth annual year-end Real Estate Forecast Summit: The Year Ahead.

Yun predicts home sales will begin to rise next year – by 13.5% compared to 2023, and the median home price will reach $389,500 – an increase of 0.9% from this year.

"Metro markets in southern states will likely outperform others due to faster job increases, while markets in the Midwest will…

427 Views, 0 Comments

"River City Capital plans 700-plus apartments near Tesla, airport"

Austin Business Journal reports, "River City Capital Partners is planning a big apartment complex in Southeast Austin near the airport.

The project is set to include more than 700 apartments northwest of Austin-Bergstrom International Airport, according to site plans filed with the city. That's about a 15-minute drive from Tesla's Gigafactory, which has ramped up to more than 20,000 employees. The project will be developed in multiple phases and will have an affordability component.

River City Capital did not respond to requests for comment.

The project will rise on about six acres at 6610 E. Riverside Drive and will consist of 708 apartments. While the site plan did not indicate the total square footage of the project, it did specify…

344 Views, 0 Comments

"Texas Triangle real estate markets best in U.S. going into 2024"

TheRealDeal writes, "real estate in the Texas Triangle is magnetic, according to the Urban Land Institute.

Austin has the fifth-best real estate market in the nation going into 2024, the Austin Business Journal reported, citing the ULI’s Emerging Trends in Real Estate study, which compiled data and insights from over 2,000 industry experts to analyze shifts in the market and make predictions for the coming year. 

Austin’s ranking, down from No. 3 last year, reflects the city’s status as a “magnet city,” attracting both people and companies. Over recent years, Austin has seen significant investments from major corporations, such as Tesla and Samsung, which have drawn substantial business to the area. 

The city’s industrial sector is thriving,…

481 Views, 0 Comments

"Austin real estate market still burning hot, according to Urban Land Institute study"

Austin Business Journal writes, "Austin’s real estate market is still burning at a supernova level, according to a new study.

The Urban Land Institute, which focuses on real estate and land use, released its widely respected 2024 Emerging Trends in Real Estate report on Oct. 31. The report compiled data and insights from over 2,000 real estate industry experts to explore shifts and trends in the property sector and predict 10 markets to watch for the coming year.

Austin ranked fifth on the list this year, down from No. 3 last year. The rest of the top five was rounded out by other Sunbelt cities: Nashville at No. 1, then Phoenix, Dallas-Fort Worth and Atlanta.

ULI conducted the study in partnership with PricewaterhouseCoopers, a professional…

324 Views, 0 Comments

"Austin is abolishing parking requirements to bring down runaway home prices and rents"

Business Insider reports, "one of the biggest cities in one of the most car-dependent states in the country is cracking down on parking to deal with its housing affordability crisis.

Austin, Texas is getting rid of requirements that new construction — from single-family homes to shopping malls — build parking spots. The City Council voted eight to two last Thursday to eliminate its so-called "parking minimums," which mandate at least two parking spots for every single-family home and one-and-a-half spots for every one-bedroom apartment, with an additional half-spot for each extra bedroom.

The regulatory change won't eliminate existing parking or stop developers from building parking, it will just end a mandate that they build a certain number of…

338 Views, 0 Comments

"First plots sold at 1,000-acre luxury residential community near Lake Travis"

Austin Business Journal reports, "the first 50 homesites have been sold at Travis Club, an incoming luxury neighborhood on Lake Travis. It's set to rise on more than a thousands acres 15 miles west of downtown Austin.

These first homeowners are being recognized as the “50 founding memberships” of the resort-style community that is being developed by Menlo Park, California-based real estate developer Haas & Haynie Corp. and Austin-based real estate investment firm Castle Hill Partners Inc., according to a Nov. 1 announcement.

This marks a notable step forward for the project that has been planned for more than a decade on the undeveloped bend of Lake Travis between Thurman Bend Estates and the Briarcliff community. This area, and just about all…

317 Views, 0 Comments

"September data shows Austin metro housing inventory hit 8-year high"

Community Impact Austin shares, "housing inventory in the Austin-Round Rock Metropolitan Statistical Area hit the highest levels in more than eight years in September, according to the Austin Board of Realtors’ metro data for September.

The overview

According to ABoR officials in a news release, in September, Travis County and Hays County both had more than four month’s worth of inventory while Williamson County had slightly more than three months worth. Bastrop County had the highest inventory in the MSA with five months worth.

In addition to high inventory, data shows that year-over-year home sales and median home prices dropped across the MSA—by 18.2% and 4.3%, respectively—while active listings increased by 7.8%. Homes also spent an average of 65…

301 Views, 0 Comments