March Residential Sales

March	dt	1b	5	6	7	ut
sales	14	38	29	36	11	23
high psf	599	462	303	421	305	355
low psf	185	122	102	119	161	178
avg psf	364	293	178	242	235	237
avg dom	80	52	78	54	70	45

February Condo Sales

February	dt	1b	5	6	7	ut
sales	6	8	1	14	1	8
high psf	381	299	238	425	255	276
low psf	246	141	238	133	255	217
avg psf	315	204	238	250	255	246
avg dom	88	71	35	94	178	51

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Arthouse expanding

Arthouse says the expansion will triple its total space from 7,000 square feet to 20,830 square feet. The two-story building, built in 1850, is four blocks south of the Capitol building. In 1920, it housed the Queen Theater and it was turned into Lerner Shops department store in the 1950s.

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Villa Muse developers eye other cities

City Council really screwed this up.

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Downtown living demand is strong, study shows

The steel and glass residential towers set to reshape the downtown Austin skyline aren’t a pipedream. They’re coming–and they’re going to be filled, a new study shows.

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February Sales

February	dt	1b	5	6	7	ut
sales	6	8	1	14	1	8
high psf	381	299	238	425	255	276
low psf	246	141	238	133	255	217
avg psf	315	204	238	250	255	246
avg dom	88	71	35	94	178	51

CL: find of the day

The urbanist in me is big fan of residing near the Commuter Rail. I’m also a huge fan of KRDB’s work.

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It’s called LoCo, and it’s getting a redo

“LoCo is still in its infancy as a label and is mostly undefined. In the real-estate world, LoCo can be anywhere from Interstate 35 west to Manchaca Road and from Ben White Boulevard south to Stassney Lane. This includes the neighborhoods of Battle Bend and Southwood.

As with any new nickname, time will be the arbiter of its acceptance and boundaries. But whether the dozen subdivisions just south of Ben White Boulevard are lumped together by a common name or not, they share certain traits by virtue of location that real estate developers and agents are getting excited about. “

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$500M investment may yield two new downtown towers

Stacy’s company, T. Stacy & Associates Inc., and Walton Street Capital now plan a 500,000-square-foot office and retail tower at 501 Congress that would be slightly taller than the 26-story Bank of America Center building the partnership owns at 515 Congress next door. The group is also plotting a hotel and condo tower at the corner of Brazos and Fifth streets that would rise more than 800 feet, making it by far the tallest building in Austin and the sixth-tallest in Texas.

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Villa Muse – Town Hall Meeting

Villa Muse – Town Hall Meeting
Wednesday, 6:00pm at the Scottish Rite Auditorium (18th and Lavaca)

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