Stratus Properties, the developer of the W Hotel & Residences in the 2nd street district, is facing delisting from the NASDAQ for failure to promptly file financial reports.
While this sounds bad, the event alone should not jeopardize the project. However, the developer's accounting irregularities and delinquent financial reports will limit financial flexibility until the issue is resolved.
This is an especially important issue for the W as one of it major lenders is in precarious financial...
Is Downtown Austin Overbuilt: Understanding Austin Condo Supply...
The national real estate markets are a mess. The economy is in recession, credit is very tight, jumbo rates remain high. While the Austin market has stayed alive -- and actually thrived...
Hotel Van Zandt Cancels Condo Project
The developer of the 290 room Hotel Van Zandt and the 55 luxury Residences at the Hotel Van Zandt have announced that they are abandoning plans for the condo portion ofthe project. Instead of...
Updated: Building-by-Buidling Condo Fees
One of the most common questions asked by first time condo buyers -- especially in Austin where the popularity of condos is rapidly on the rise -- is how much individual buildings charge in...
New: W Austin Residences Listings
Earlier this month, the developers of the W Hotel & Residences announced successful funding of the project and immediately broke ground on the 165 condo unit and luxury hotel project. Once...
The Big Roundup: Our Austin Condo Market Update
Tonight, as the lucky future owners of 430 condo units at the 360 celebrate, the building has come alive with a 44-story vertical line culminating in a lit tower that is now the tallest...
Post new comment