A central Austin business park is set for redevelopment, a move that could transform the area with the construction of over 1,000 new apartments. The proprietors of Lamar Business Park, a 14-acre shopping and business center situated on the fringe of the North Loop neighborhood, have recently submitted a rezoning application to the city of Austin.
The Centro project, located at 1401 East 6th Street and developed by local investment firm Riverside Resources, is preparing to launch its second phase. Towers Realty has provided a preliminary overview of the forthcoming plans for this East Austin project, which will include both apartments and retail space.
The Bouldin Creek Neighborhood Association Zoning Committee met on Dec. 11 to discuss the Oak Creek Village development. As part of the proposed Phase 2 development at Oak Creek Village, the property owner is requesting to remove some restrictions on the height of the buildings and the amount of units that can be developed.
The City of Austin has confirmed the approval of crucial advancements for the development of the Colony Park Sustainable Community by the Austin City Council. The next phase of the process includes plans to return to the city council early next year to finalize the financing package and related matters.
The City of Austin is seeking up to $10 million in federal funding through the Pathways to Removing Obstacles (PRO) to Housing Grant. The funding, which is administered by the U.S. Department of Housing and Urban Development (HUD), aims to address barriers and boost affordable housing production and preservation.
The City of Austin Housing Department has secured $74.5 million in construction financing for the development of affordable housing in East Austin. Teaming up with the NHP Foundation, Capital A Housing, and the Austin Housing Finance Corporation, the project, known as Seabrook Square I, will consist of a 204-unit multi-family development located at 2210 Pershing Drive, formerly known as 3511 & 3515 Manor Road. The construction for Phase I is set to begin in October 2023, with Phase II scheduled to start in 2024. Both phases are expected to be completed in 2026, according to a…
The Austin Board of Realtors recently released a report titled “The Truth About Austin’s Missing Housing,” which revealed a severe undersupply of housing in Austin. The study examined the affordability of two-person and four-person homes in Austin and found that there was a significant shortage of homes in both categories.
Austin ranked in the top 10 of the nearly 140 U.S. cities analyzed for their appeal to renters with children, according to a new study by the apartment-search website RentCafe.com.
A proposed skyscraper in Downtown Austin that developers initially touted will earn the distinction as the tallest in the state upon completion is now slated to rise with lesser stories, Austin-based media outlets reported.
A recent research paper written by the Huffines Liberty Foundation analyzed the difference in property tax rates between Texas and comparable states, such as Florida. Don Huffines and Bill Peacock wrote that several websites say the property tax rate on owner-occupied homes is the sixth highest.