Austin
ABoR Completes Plans for New Headquarters
The almost 9,000 members of the Austin Board of REALTORS® (ABoR) have a new headquarter to look at in the future. ABoR announced the plans to start the construction of a facility that will entail approximately 33,000 square feet displayed on 5.2 acres.
$30 Million Office Development Broke Ground at Fifth Street and Congress Avenue
At 501 Congress Avenue, where the former annex of the Bank of America used to be, recently broke ground a $30 million office development. Stream Realty Partners purchased the site back in April in a partnership with four other firms.
Van Zandt Hotel Breaks Ground in Austin
Austin’s Rainey District has a new construction site at Red River and Davis Streets. Previously expected to break ground in June, Hotel Van Zandt is being developed by JMI Realty and will be operated by San Francisco’s Kimpton Hotels, a company specialized in chic boutique hotels. Completion date is set for 2015.
Construction Begins on Second Austin Westin Hotel
By Anca Gagiuc, Associate Editor The Westin brand is coming to downtown Austin. White Lodging Services Corp. announced the groundbreaking of a second Westin hotel in a statement to the American-Statesman. The other Westin is an eight-floor, 241-room hotel located at the Domain. The new development is a joint venture between White Lodging, the Harry […]
Cypress Real Estate Advisors Plans Mixed-use Development for Austin
Austin’s Burnet Road will make room for a new mixed-use project designed by Cypress Real Estate Advisors. The site doesn’t require any zoning modifications as it is zoned for vertical mixed-use development.
Austin’s Lotus Village for Sale Exclusively through Marcus & Millichap
A new apartment complex has been put for sale on the market as exclusive listing for Marcus & Millichap on a cash-to-existing-note basis. Lotus Village, built on 8.1 acres at 300 Fergusson Drive in north central Austin in 2012, has 222 units and is currently at 98 percent occupancy.
Brandywine Realty Trust Shares Austin Office Portfolio with DRA Advisors LLC
The less common marketing proposal placed by Brandywine Realty Trust a few months back has found its answer. The offer consisted of the intention to share ownership of the 1.4 million-square-foot office portfolio in Austin.
OakPoint Acquires Briarcroft and Continental Buildings in Austin
Nashville-based OakPoint Investments purchased two of Austin’s office buildings in partnership with local Haverwood Management. Details about the transaction have not been disclosed.
$500M Mixed-Use Trio of Towers Proposed for Downtown Austin
“Every project begins with a vision, and this is a grand vision on a great site,” said local real estate consultant Charles Heimsath about the proposed plan to build a $500M mixed-use project downtown Austin. If the plan receives approval from the city, the Austin skyline will change dramatically through the addition of three new towers, one of which could become the city’s tallest building.
180,000-Sq.-Ft. Shopping Center Purchased by Misuma Holdings
Austin’s 180,000-square-foot shopping center, Lincoln Village, has just been purchased by veteran developers Misuma Holdings for an undisclosed sum. The new owner has not made public its plans regarding the repositioning of the acquisition, but the involved parties can await consistent changes throughout the year. Among the current tenants are Chase Bank, Gold’s Gym, the Marchesa Theater and Men’s Warehouse.