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...
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...
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 Hotel & Residences . . . . & Offices?
According to the developers, plans for Block 21 -- the large second street development featuring the W Hotel & Residences -- have been revised to include 35,000 feet of office space. Assuming...
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...
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