What Will Austin Look Like With 1 Million Residents

Sometime in 2012, Austin whizzed past Jacksonville, Florida, and Indianapolis to become the country’s 11th largest city. According to the U.S. Census Bureau’s most recent count, Austin has 842,592 residents.

Austin Texas skyscrapers at sunset from helicopterNow, government officials, real estate professionals, Austin residents and others are looking toward the city’s next major population milestone: 1 million residents. Ryan Robinson, the city’s demographer, forecasts Austin will hit that mark in late 2024 or early 2025 — more than 10 years from now. (The population of the 10th largest U.S. city, San Jose, California, currently stands at 982,765.) Continue reading

Advertisements
Posted in Austin's go to Real Estate Blog | Leave a comment

118 Of The Best Things To Do In Downtown Austin, Texas

In 1839, when Edwin Waller laid out the city, he never envisioned anything like the New Downtown. Here’s a roundup of our favorite places to eat, drink, shop and play.

Austin Texas skyscrapers at sunset from helicopter

The story of downtown Austin begins in 1839, when President Mirabeau B. Lamar (president of the Republic of Texas, that is) tapped Judge Edwin Waller to create the city plan for what was to become the capital city of the new republic. The city’s perimeters, in the village of Waterloo on a bluff just north of the Colorado River, was to stretch 640 acres, meager in size compared to Texas’s previous choice for a capital city, Houston. Many opposed the change—Sam Houston himself argued the area’s remoteness would make it vulnerable to attack—but its beauty, abundant natural resources and central location promised a prime spot for not only a capital, but a downtown marketplace ripe with opportunity.

Waller immediately planned downtown Austin with a 14-block grid in mind, establishing a precedent for the main street, Congress Avenue, early on. One year later the population had grown to 839 people. Over time politicians, artists, entrepreneurs and families began to find their way to this thriving town. Several government buildings, businesses, hotels and saloons began to pop up on the grid. In 1929 the Norwood Tower, called the first skyscraper west of the Mississippi, appeared on the horizon. While that tower still stands, today it is dwarfed in comparison to the 2010 Austonian building, downtown Austin’s current record holder at 53 stories—and the tallest all-residential building west of the Mississippi to boot.

In the past few decades, the number of musicians who call this city home—and the corresponding number of downtown music venues—earned Austin it’s nickname, the Live Music Capital of the World. These creative minds are celebrated by this city’s rapidly growing population, which has swollen to more than 800,000 people according to the most recent census, and it comes as no surprise that ATX is currently ranked as the fastest growing city in America for the third year in a row. In fact, we’ve grown so much that the 512 area code is no longer enough for us: This month 737 joins it in the phone book.

While growth is inevitable, the capital city remains the beautiful heart of Texas. Waller would barely recognize the downtown Austin he planned 174 years ago, and while the landscape of this fine city might have evolved, our attitude toward downtown Austin remains the same: proud of its natural beauty, fiercely defensive of its national reputation, and always, always, always welcoming of change. Continue reading

Posted in Austin's go to Real Estate Blog | Tagged , | Leave a comment

Why Home Mortgage Rates Are Rising

Mortgage Bonds continued to fall last week as the Fed met and more volatility followed. Read on to learn what happened.

After last week’s meeting of the Federal Open Market Committee (FOMC), the Fed released its Policy Statement, noting that the downside risks to the outlook for the economy and labor market have diminished. Especially important: There was no mention of tapering their Bond Purchase program known as Quantitative Easing.
Continue reading

Posted in Austin's go to Real Estate Blog | Tagged , , | Leave a comment

Austin’s Latest Skyscraper Project Broke Ground

Colorado-Tower-Cousins-Properties-150x150Work is under way on Downtown Austin’s latest office project,Colorado Tower. (You can see Colorado from the roof…if you have a picture of Colorado with you.) The developer is no stranger to Austin—Cousins Properties also built Downtown’s last high-rise office 10 years ago and recently purchased 816 Congress.

tim

We snapped Cousins SVP Tim Hendricks during last week’s groundbreaking at 3rd and Colorado. The 29-story property will be371k SF of Class-A office, designed by Duda/Paine Architects. Tim says DuBois, Bryant & Campbell’s Bill Bryant (whose firm inked a pre-lease in the building) named the tower for him. It’s been 10 years since Cousins built the Frost Bank Tower—Tim says the Second Street and Warehouse districts have changed so much since then and he’s excited to be part of it. He credits the Downtown Austin Alliance’s Charlie Betts (behind Tim—near the photobombing machinery) for waking up this area and being an important figure behind this deal. Continue reading

Posted in Austin's go to Real Estate Blog | Tagged , | Leave a comment

Austin, Texas East Side Development Mueller Keeps Growing

muellerMueller invites the Austin community to “Fill the Square” on Saturday, June 1. The outdoor, family-friendly event will celebrate the unofficial start of summer and the grand opening of the newest Mueller park, Paggi Square. Continue reading

Posted in Austin's go to Real Estate Blog | Tagged , | Leave a comment

Paramount Summer Classic Film Series 2013

paramount

ABOUT

  • CELEBRATING A 38-YEAR TRADITION!
    The summer’s best films at Austin’s only Movie Palace. More than 125 classic films as they were meant to be seen! Featuring many new prints, restored foreign classics, 70mm spectaculars and a slew of special events. All films screening at the Paramount are presented in 35mm, and all films at the Stateside are presented in digital HD.
    Download the Full Schedule Here
  • FILM FAN CLUB
    Become a Film Fan today!
     In addition to the quintessential Film Fan benefits like discounted or free admission,convenient parkingcomplimentary popcorn, and premium seating, we’ve added some exciting new benefits likeThe Movie of the Month Club with Vulcan Video and Film Programmer Stephen Jannise + much more.
    Click here for a complete list of Film Fan benefits.
  • FLIX-TIX – THE BEST SUMMER MOVIE BARGAIN
    Flix-Tix
     gives you a book of 10 admissions for $50, good in any combination to any Paramount Presented Film(unless otherwise noted). You can buy Flix-Tix online, over the phone by calling 472-5470 ext 1, or in person at the Paramount Box Office. Continue reading
Posted in Austin's go to Real Estate Blog | Tagged , | Leave a comment

Austin, Texas Set to Decide X Games Fate Tomorrow May 23rd

XGamesCircuit of The Americas is asking the city of Austin to endorse ESPN’s summer X Games so the sports facility can apply for money from Texas’ Major Events Trust Fund.

COTA President Steve Sexton estimates the circuit may seek about $800,000 a year from the fund, the Austin American-Statesman reports. Continue reading

Posted in Austin's go to Real Estate Blog | Tagged , , , | Leave a comment