condo project

According to the Statesman, the former Whitley Printing Co. building site on third between Brazos and San Jacinto is under contract to Riverside Resources which is evaluating plans to build an apartment complex on the site.

After developing and selling out 360 -- one of the most successful downtown projects -- Novare Group announced in 2008 that they would build two new towers on Block 51 & 52.

The prime downtown blocks, one the site of the downtown post office and the other on an adjacent block to the West of the post office, were to contain 900 condo units in two 37 and 40 floor towers which were to be completed by 2012.

If you take the new light rail from downtown, the first stop is at Plaza Saltillo on 5th and Comal just 8 blocks East of I-35.

With a thriving bar and restaurant scene evolving on east 6th street and great new public transportation options, it's no wonder that developers are headed to the area.

Plaza Saltillo in East Austin

Over the last 30 months, 344 downtown Austin condos sales have been recorded on the MLS. Of these sales, an amazing 52 have been in the Milago -- more sales than any other downtown Austin condo project (360 is #2).

Of course, MLS statistics exclude sales that aren't listed on MLS -- including almost all sales by the developer.

As a result, the MLS statistics provide a clear picture of resale units but not initial sales.

After a decade of starts and stops, the ill-fated La Vista on Lavaca condo project appears to be fully dead.

Now the planned nine-story residential mixed-use tower consisting of 19 condominiums on the top four floors, a three-floor Executive Business Center, and first floor restaurant, has been abandoned mid-construction by its new owners.

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In April of 2008, developers announced a 4-story, 27 unit development on Barton Springs just east of Lamar adjacent to the train tracks, McDonalds, and Peter Pan Mini Golf.

With pricing starting at $1,000,000, our original reaction was that "the project is a very odd combination of location and pricing that suggests a lack of experience in residential development." At the high end, the units were priced at $900 / SF making this the most expensive development in Austin.

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 including a much-needed hotel, a prominent condo project, retail, and entertainment.

It's the home of the new Austin City Limits studio.

A new low-rise condo project is set to rise on 9th Street and West Avenue. The $8 million development is close to the Nokonah in a corner of downtown that has seen very little condo development.

For the last two years, a modern condo project on Enfield between Mopac and Lamar has been sitting idle as the result of a dispute between former designer-builder of the project, QMET Building Co.

LLC, and the former owner, Bolter Corp.

Some condo projects are better than others. After reading a story in the New York Times, I can safely say that the worst condo project in the country is not in Austin.