project update
Higher & Higher: Austonian Keeps Going Up
December 14, 2008 20:16
Each week, 55 truckloads of concrete and 50 tons of
structural steel are added to the structure of the
Austonian, growing what
will be the tallest building in Austin by one
more floor. This week, the Austonian hit the
half-way point -- the 28th floor was poured ad
the project continues on its march to completion
in 2010.
Since it has been a little while, here are the key facts on the Austonian:
Height of Building: 683 feet; 56 stories
Gross Area Square Feet: 850,000
Total Residential Area Square Feet: 600,000
Total Number of Units: 188
Unit Size: 1,221 to 8,379 square feet
Shared Amenities: Over 40,000 square feet
Price Range: $559,000 to $8M+
Amenities: 24-hour concierge and security services, 24-hour valet service, housekeeping, dry cleaning and laundry services, Lobby-level retail, Secure climate controlled wine storage, Billiard room, 4 Guest suites, Private spa treatment rooms, Screening room with seating for 12, Conference room, Swimming pool, fitness center.
The Austonian under Construction (D’Arcy)
Here is the summary from the Statesman: Read More...
Since it has been a little while, here are the key facts on the Austonian:
Height of Building: 683 feet; 56 stories
Gross Area Square Feet: 850,000
Total Residential Area Square Feet: 600,000
Total Number of Units: 188
Unit Size: 1,221 to 8,379 square feet
Shared Amenities: Over 40,000 square feet
Price Range: $559,000 to $8M+
Amenities: 24-hour concierge and security services, 24-hour valet service, housekeeping, dry cleaning and laundry services, Lobby-level retail, Secure climate controlled wine storage, Billiard room, 4 Guest suites, Private spa treatment rooms, Screening room with seating for 12, Conference room, Swimming pool, fitness center.
The Austonian under Construction (D’Arcy)
Here is the summary from the Statesman: Read More...
Seaholm Redevelopment Inches Forward
November 22, 2008 17:26
One of the most exciting downtown projects is the
redevelopment of the decommissioned Seaholm Power
plant. The $117.2 million project, a partnership
between the city and Southwest Strategies, will
result in a 22-story hotel, 60 condo units, and
180,000 square feet of retail and commercial space.
This week, the project inched a step closer to beginning construction in 2009 with City approval of a financing scheme to generate revenue for the site preparation and infrastructure enhancements that the site requires. Essentially, the city issued bonds which will be repaid through the incremental property tax revenue generated by the development.
Once complete, the 150,000-square-foot decommissioned power plant will be the centerpiece of the 7.8-acre property across Cesar Chavez Street from Lady Bird Lake. With offices, retail, and at least 3 acres of open space, Seaholm will shift the center of downtown activity to the west. While downtown life used to center around 6th street between Congress and red river, the warehouse district, 2nd street district, and Whole Foods have shifted the balance. With Seaholm, the downtown action will increasingly be centered between Congress, Lamar, 5th, and Town Lake.
The most exciting part of the project is the redevelopment of the Seaholm facility itself. When complete, the art deco structure will include nearly 100,000 square feet of retail and restaurants. Construction will begin 2009, with the final project scheduled for completion in 2011.
Here is a summary from the Austin Business Journal:
The city of Austin approved the creation of a tax increment financing reinvestment zone to pay for public improvements for the Seaholm redevelopment project.
The TIF will be within the area bounded on the west by the planned Seaholm Drive, on the south by Cesar Chavez Street, on the east by West Avenue and on the north by Third Street. . .
. . . Under state law, a tax increment reinvestment zone contributes property taxes from the increase in real property value within the district toward the project’s public improvements. The public infrastructure and power plant rehabilitation will be primarily funded by issuing debt that will be repaid from the tax increment revenue. The TIF has a 30-year duration.
This week, the project inched a step closer to beginning construction in 2009 with City approval of a financing scheme to generate revenue for the site preparation and infrastructure enhancements that the site requires. Essentially, the city issued bonds which will be repaid through the incremental property tax revenue generated by the development.
Once complete, the 150,000-square-foot decommissioned power plant will be the centerpiece of the 7.8-acre property across Cesar Chavez Street from Lady Bird Lake. With offices, retail, and at least 3 acres of open space, Seaholm will shift the center of downtown activity to the west. While downtown life used to center around 6th street between Congress and red river, the warehouse district, 2nd street district, and Whole Foods have shifted the balance. With Seaholm, the downtown action will increasingly be centered between Congress, Lamar, 5th, and Town Lake.
The most exciting part of the project is the redevelopment of the Seaholm facility itself. When complete, the art deco structure will include nearly 100,000 square feet of retail and restaurants. Construction will begin 2009, with the final project scheduled for completion in 2011.
Here is a summary from the Austin Business Journal:
The city of Austin approved the creation of a tax increment financing reinvestment zone to pay for public improvements for the Seaholm redevelopment project.
The TIF will be within the area bounded on the west by the planned Seaholm Drive, on the south by Cesar Chavez Street, on the east by West Avenue and on the north by Third Street. . .
. . . Under state law, a tax increment reinvestment zone contributes property taxes from the increase in real property value within the district toward the project’s public improvements. The public infrastructure and power plant rehabilitation will be primarily funded by issuing debt that will be repaid from the tax increment revenue. The TIF has a 30-year duration.
360 Listings Now on Austin Towers
November 19, 2008 21:30
If you are shopping for a downtown condo but are
averse to visiting sales offices or speaking with
realtors, 360 has been a very frustrating project.
They have refused to list units on their website,
have avoided the MLS, and generally made it difficult
for buyers to engage. With a supposed waiting list of
more than 200 buyers for 430 sold out units, many
prospective buyers decided it was a waste of time to
even call.
Even with residents moving in and with some likely to sell, restrictive covenants have prevented buyers from selling their units. As a result, the 360 mystery has remained intact.
Now,with the project finally complete and the waiting list long ago evaporated, the sales office is finally listing units on the MLS. As always, we have added 360 to our Listings page. Currently, there are 9 listings for units in 360 ranging from $250K for an 812 square foot 1/1 on the 20th floor to $528K for a 1,308 square foot 2/2 unit on the 35th floor. While all units include 10 foot ceilings, oak flooring, 24-hour concierge, and a shared pool and fitness center, some units include upgraded appliances and features.
View the 360 listings here.
Here are additional images from the listings:
Even with residents moving in and with some likely to sell, restrictive covenants have prevented buyers from selling their units. As a result, the 360 mystery has remained intact.
Now,with the project finally complete and the waiting list long ago evaporated, the sales office is finally listing units on the MLS. As always, we have added 360 to our Listings page. Currently, there are 9 listings for units in 360 ranging from $250K for an 812 square foot 1/1 on the 20th floor to $528K for a 1,308 square foot 2/2 unit on the 35th floor. While all units include 10 foot ceilings, oak flooring, 24-hour concierge, and a shared pool and fitness center, some units include upgraded appliances and features.
View the 360 listings here.
Here are additional images from the listings:
BartonPlace Video Commercial
October 20, 2008 22:48
You don’t see many commercials for new condo projects
on Austin’s major television stations. While this is
unlikely to change, BartonPlace recently produced a
profile video on the project that is currently posted
on youtube. While the video could use more fancy
renderings and images of the units, it’s always
interesting to hear real people talk about why they
chose the project.
Here is the BartonPlace video:
Here is the BartonPlace video: