Mcneil
REAL ESTATE
New details emerge about 35-story Luminary condo tower planned for downtown Austin
New details about Luminary, a 35-story luxury residential tower planned for downtown Austin, are surfacing as the proposed project proceeds through the city of Austin's development review process. Developer Northland Living, the sister company of Canadian hospitality and development firm Northland Properties Corp., first announced plans for Luminary in January. The project will join the latest...
Austin Sees Rent Reductions and Slowing Apartment Construction Amid Real Estate Market Shifts
As rents across Austin experience an unexpected dip, the city is witnessing a shift, where rent decreases have ushered in a slowed momentum for new apartment constructions, revealed data from Realtor.com and insights from local experts. Rents in Austin have seen a near 10% reduction from May 2023 to May 2024, with average rent for small to medium apartments at $1,400, while the national median stood at $1,700, as noted by KVUE.
TxDOT bought the house next door and left it vacant for 6 months, annoying neighbors
What's it like to have the Texas Department of Transportation (TxDOT) as a new neighbor? Some Austin residents north of Hancock Center got to find out this year when the state bought a 700-square-foot home and let it sit vacant for six months. Along the path of I-35 in Central...
Austin area housing inventory hits 13-year high as home sales decline
Housing inventory in the Austin-Round Rock-Georgetown metro area reached its highest level in 13 years in May as closed home sales declined, according to the latest Central Texas Housing Report. The report, released by Unlock MLS, found that the metro area had 4.9 months of available housing inventory last month,...
Four Seasons luxury condo project, St. Elmo Arts District make headlines with new updates
Good afternoon, and thank you for subscribing to Building Austin, our weekly newsletter focused on real estate, growth and development in the Austin region. I'm Shonda Novak, the American-Statesman's real estate reporter. My articles in the past few days brought you exciting updates about two high-interest developments I've written about in recent years. ...
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