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 development loans in other markets have squeezed the bank's liquidity, making it impossible for Corus to provide the capital required to complete the W.
What is the impact?
It's hard to say. But it is a very positive sign that the developers continue to...
12-Floor "Capital Terrace" Development Proposed
A 12-story multi-use project near the Doubletree hotel on Lavaca and 14th street that was originally announced in 2008 is likely to rise next year. The developer, Palmco, is asking the city...
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...
June Downtown Condo Sales: Mediocre
We've crunched the numbers and updated the AustinTowers | urbanspace Downtown Austin Condo Market Index fro June, 2009 and the results are amazingly unremarkable. MonthSales Avg. Price$/SFAvg...
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...
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...
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