Over the last ten years, the Austin metropolitan area population has grown by 500,000 people.
Over the last three years, 100,000 more people have moved to Austin than have left the city. In 2008 alone, the Austin population increased by more than 60,000 people.
In addition to explaining why it took 50 minutes for me to drive from Round Rock to downtown Austin this evening, this population explosion provides very important context for the downtown condo market.
As...
W Receives Financing: Averts Crisis
The W Austin Hotel and Residences is an important project for downtown Austin. It's located at the heart of the emerging Second Street District. It's a $300 million multi-use project...
July Downtown Condo Sales Show Improvement
We've updated the AustinTowers | urbanspace Downtown Austin Condo Market Index for July, 2009 and, for the first time this year, MLS sales were higher than the previous year...
Impressive New W Renderings
As the W Hotel & Residences continues to rise, the developers have been busy creating new renderings of the high visibility second street project. The renderings look great -- in fact, they...
W Must Replace Troubled Lendor to Proceed
Since long before the 36-Story W Hotel and Residences began to rise earlier this year, the developers have faced the unpleasant task of replacing Corus Bank as their prime lender. Bad...
Sage Announces Auction Plan: Here We Go Again
First Brazos Place. Then Bel Air. Now the Sage.This week the Sage Condos in South Austin -- 1702 South Lamar -- announced that they will be selling the remaining 23 units through an auction...
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