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Real Estate

Real Estate

Trendy, members-only social club to open first Texas location on South Congress 

by Shonda Novak, American-Statesman Staff

Following rumors that swirled all year, it’s official: Soho House, a trendy, members-only social club, will open an Austin location in a mixed-use project that is under construction on South Congress Avenue. The first Texas location for Soho House will be in the $55 million Music Lane development that will bring more office, dining, shopping and entertainment options to bustling South...

Real Estate

Texas A&M boss Sharp seeks an Austin swap for his Telluride home

by Shonda Novak, American-Statesman Staff

Austin-area homeowners: Want to swap your house for a mountain retreat in the scenic Colorado town of Telluride? John Sharp, chancellor of the Texas A&M University System, says he is looking for someone who owns a home in the Austin area — preferably on Lake Austin or Lake LBJ — to trade him their house for his four-bedroom getaway in the world-class ski resort of Telluride. The home,...

Real Estate

Oil tycoon Pickens puts ranch on market for $250 million

Famed oilfield wildcatter, financier and corporate raider T. Boone Pickens wants to sell his prized ranch, covering more than 100 square miles in the Texas Panhandle, for $250 million. Pickens on Wednesday announced he’s putting his Mesa Vista Ranch, about 90 miles northeast of Amarillo, on the market. Pickens in October also put his Dallas mansion up for sale for $5.9 million. The 89-year-old...

Real Estate

AISD plans headquarters move to South Austin as soon as next summer

by Melissa B. Taboada, American-Statesman Staff

The Austin school district could begin moving its administrators into a new headquarters as soon as next summer. The school board Monday night approved the $28.4 million purchase of the Southfield Building, near the northwest corner of Interstate 35 and Ben White Boulevard in South Austin, as the site for the headquarters. District officials said they hope the new location will offer better accessibility...

Real Estate

Austin district approves sales of district headquarters, Baker

by Melissa B. Taboada, American-Statesman Staff

The Austin school board Monday night approved the high-profile sales of district headquarters, the Baker Center and the Millett Opera House (home of the Austin Club), among other surplus properties. The school board in an 8-0-1 vote, with Trustee Julie Cowan abstaining, directed staff to execute the sale of the Carruth Center on West 6th Street, which has been home to district headquarters for more...

Real Estate

Austin ISD eyes Southfield building for new district headquarters

by Melissa B. Taboada, American-Statesman Staff

Austin school leaders are eyeing the Southfield building, near the northwest corner of Interstate 35 and Ben White Boulevard in South Austin, as the potential site for a new district headquarters. Austin school board members tonight will vote on selling the district’s current headquarters, the Carruth Administration Building on West 6th Street, for $36.5 million to Schlosser Development of Austin...

Real Estate

Colony Park could bounce back with planned development

by Philip Jankowski, American-Statesman Staff

When Barbara Scott first moved to Colony Park 43 years ago, it was a working-class neighborhood full of active-duty troops and veterans. But everything changed when Bergstrom Air Force Base closed in 1993. Many of the residents of the far East Austin neighborhood near Walter E. Long Lake who were in the military found themselves forced to sell their homes, Scott said. In their place, many houses became...

Real Estate

The secrets to really good post-Thanksgiving turkey gumbo

by Maggie C. Perkins, For the Austin American-Statesman

Perhaps my favorite dish of the Thanksgiving season comes the day after. While folks line up early to catch Black Friday sales, you’ll find me in the kitchen, humming along to my favorite tunes, stirring a steaming pot of gumbo that will be ready just in time for a favorite football game. Over the long weekend, the flavors will intensify. These leftovers are the best leftovers. There are as...

Real Estate

Austin school district chooses buyers for high-profile properties

by Melissa B. Taboada, American-Statesman Staff

Austin school leaders are moving forward with the sales of the district’s downtown headquarters, the Baker Center and the Millett Opera House (home of the Austin Club), among other surplus properties. The school board next Monday is scheduled to vote on the sales of these properties: • The Carruth Center, the 2.7-acre district headquarters on West Sixth Street, for $36.5 million to...

Real Estate

AISD moves to sell headquarters to developer, Baker Center to Alamo Drafthouse

by Melissa B. Taboada, American-Statesman Staff

Austin school leaders are moving forward with the high-profile sales of district headquarters, the Baker Center and the Millett Opera House (home of the Austin Club), among other surplus properties. The school board on Nov. 27 is scheduled to vote on the sales of the following properties: • the Carruth Center, the 2.7 acre district headquarters on West 6th Street, for $36.5 million to Schlosser...

Real Estate

Austin company spends $164 million to acquire 4 hotels

by Gary Dinges, American-Statesman Staff

An Austin-based company said Tuesday that it has acquired a portfolio of four U.S. hotels in a deal valued at $164 million. The properties being acquired by Summit Hotel Properties are the 207-room Courtyard New Haven at Yale in New Haven, Conn.; the 148-room Hilton Garden Inn Boston/Waltham in Waltham, Mass.; the 175-room Residence Inn Cleveland Downtown in Cleveland; and the 122-room Homewood Suites...

Real Estate

Austin-area housing market on pace for another record year

by Shonda Novak, American-Statesman Staff

In a year that’s shaping up to be another record-breaker, Central Texas home sales increased more than 2 percent in October and the median sales price climbed more than 4 percent, the latest figures show. Year to date, sales across the region are up 1.7 percent, putting the region on track for an anticipated seventh straight year of record sales, the Austin Board of Realtors said Tuesday. &ldquo...

Real Estate

ROOM AT THE INN: New hotel opens near Austin’s airport

by Gary Dinges, American-Statesman Staff

A new hotel has opened near Austin-Bergstrom International Airport. The Hilton Garden Inn Austin Airport, at 7610 John Glenn Way, has 149 guest rooms, according to city planning documents. Those same documents indicate the hotel cost about $9.8 million to build. Amenities include a fitness center, outdoor pool, patio, fire pit, 4,000 square feet of event space, 24-hour convenience store selling grab-and-go...

Real Estate

Threadgill’s to remain on Riverside Drive — for now

by Shonda Novak, American-Statesman Staff

Threadgill’s has a new lease on life — at least for the near term. Proprietor Eddie Wilson has signed a lease with his landlord, members of the Moton Crockett Jr. family, that will keep Wilson’s homestyle cooking restaurant and live music venue at West Riverside Drive and Barton Springs Road for another three years, according to Jack Burton, executive vice president of Crockett Properties...

Real Estate

Another restaurant commits to Plaza Saltillo; just 1 spot left

by Gary Dinges, American-Statesman Staff

Another restaurant has snagged space at Plaza Saltillo. Snooze, a Denver-based, brunch-centric chain with two locations already in Austin, confirmed Wednesday that it has committed to the redevelopment project underway on the city’s east side. “The Plaza Saltillo area is a very similar neighborhood to our original location in the Ballpark neighborhood in Denver, so it already feels like...

Real Estate

Austin-area housing starts surge in third quarter

by Shonda Novak, American-Statesman Staff

Central Texas new-home construction surged to a 11-year high in the third quarter, the latest numbers show. Austin area builders started work on 4,586 houses in the third quarter, up 12.5 percent from the same quarter the previous year, according to Metrostudy, which tracks the figures. The nearly 4,600 starts marked the highest level since the third quarter of 2006, when a record 5,041 starts were...

Real Estate

Investor Nate Paul wins prime Austin property with $4.3M bid

by Shonda Novak, American-Statesman Staff

After a lively bidding war, high-profile local real estate investor Nate Paul is the new owner of a prime piece of property with frontage on Barton Springs Road in Central Austin. Paul, who resides in the Barton Creek neighborhood, bought the 2.1-acre property at 511 Barton Blvd. through an online auction Thursday with a winning bid of $4.3 million, edging out Austin-based River City Capital Partners...

Real Estate

Central Health picks developer for former Brackenridge hospital site

by Taylor Goldenstein, American-Statesman Staff

Central Health has picked a developer to design the new complex that will arise from the former University Medical Center Brackenridge site, a project that is expected to be one of the largest mixed-use projects to come to downtown Austin. The Travis County hospital district’s board voted Wednesday to start negotiations with Wexford Science & Technology LLC of Baltimore. According to the...

Real Estate

First batch of restaurants unveiled for Plaza Saltillo site

by Gary Dinges , Shonda Novak , American-Statesman Staff

Downtown Austin bar Ginger Man is relocating to Plaza Saltillo. Austin developer Endeavor Real Estate Group has released the first batch of food-and-drink tenants for its 10-acre East Austin redevelopment project, including the popular watering hole. Other new additions include Dolce Neve gelato shop, Tarka Indian Kitchen, Epoch Coffee, Stout Burgers & Beers and Barcelona, a wine and tapas bar. Stout...

Real Estate

Squeezed by costs, Threadgill’s looks for way back from the brink

by Shonda Novak, American-Statesman Staff

Is Threadgill’s closing? Maybe. Or maybe not. Owner Eddie Wilson said rising property taxes, rent and insurance totaling $38,000 a month – a more than 500 percent increase in the past five years, he said — have made it difficult to keep open his Threadgill’s World Headquarters restaurant and concert venue just south of downtown. Wilson said Monday that if circumstances don&rsquo...

Real Estate

Environmental groups join battle over CodeNext

by Philip Jankowski, American-Statesman Staff

Two environmental groups are stepping into the growing political ruckus surrounding CodeNext to promote a code that would increase density along major road corridors and in the city center. The recommendations come from the advocacy groups Environment Texas and Texas Public Interest Research Group, which will release a report Monday detailing environmental pitfalls of city sprawl and how CodeNext...

Real Estate

Plan would demolish Arbor cinema, Manuel’s to build apartments, shops

by Shonda Novak, American-Statesman Staff

The Great Hills Market shopping center in Austin’s Arboretum area is slated to be redeveloped over time into a mixed-use project that would replace a popular arthouse theater and Manuel’s Mexican restaurant. The project is proposed for 17.2 acres bounded by U.S. 183, Great Hills Trail and Jollyville Road, site of Great Hills Market. Manuel’s and the Regal 8 Arbor Cinema at Great...

Real Estate

Petitioners prevail in Austin Board of Realtors election

by Shonda Novak, American-Statesman Staff

The Austin Board of Realtors will begin 2018 with seven newly elected directors who all campaigned on a platform of greater transparency for the 13,000-member organization. The seven new directors, whose terms start Jan. 1, include Austin real estate agents Cord Shiflet and Brian Talley, who the board had ousted on Aug. 2. In published reports, board CEO Paul Hilgers said they breached their fiduciary...

Real Estate

Central Texas home sales decline 4.3% in September

by Shonda Novak, American-Statesman Staff

Single-family home sales declined across most areas of Central Texas in September, while the median price in the region overall rose more than 5 percent, to $291,464, the latest figures show. In its monthly report released Tuesday, the Austin Board of Realtors said there were 2,433 home sales in the Austin-Round Rock metro last month, down 4.3 percent from September 2016. Half of the homes sold for...

Real Estate

LA Fitness plans new gym in Cedar Park

by Gary Dinges, American-Statesman Staff

LA Fitness is continuing its push into Central Texas, unveiling plans this week to build a new location in Cedar Park. The 34,000-square-foot gym will serve as anchor of Cedar Park Plaza, a strip center at the northeast corner of Whitestone Boulevard and Bagdad Road. “As LA Fitness continues to expand in North and Central Texas, this location in the growing Austin area will help meet the fitness...

Real Estate

Central Texas home sales decline in September

by Shonda Novak, American-Statesman Staff

Single-family home sales declined across most areas of Central Texas in September, while the median price in the region rose more than 5 percent, to $291,464, the latest figures show. In its monthly report, the Austin Board of Realtors said there were 2,433 home sales in the Austin-Round Rock metro area last month, down 4.3 percent from September 2016. Half of the homes sold for more than $291,464...

Real Estate

Austin council rejects settlement with troubled apartments

by Elizabeth Findell, American-Statesman Staff

Austin City Council members last week rejected a proposed settlement with the owners of a long troubled Northeast Austin apartment complex, throwing an unexpected wrench in negotiations to sell the property to a private developer and close the lid on years of disputes with its owners. But stay tuned for another attempt. Walter Olenick and Rae Nadler-Olenick, owners of two apartment buildings on East...

Real Estate

Apartment project set for old Treehouse site off Barton Springs Road

by Shonda Novak, American-Statesman Staff

A site that has sat empty for three decades along Barton Springs Road is poised to be transformed with 74 upscale apartments that would have pricey rents and views of downtown Austin’s skyline Located atop a bluff at Barton Springs and Dawson roads, the site once housed a trendy restaurant and club, Mackendrick’s Treehouse, which opened in the late 1970s. Greystar and Dominion Advisors...

Real Estate

Developer sues Austin ISD over Alamo Drafthouse dealings

by Melissa B. Taboada, American-Statesman Staff

A developer is suing the Austin school district over the Baker Center, a former school that is one of the surplus properties the district is considering selling or leasing. In a lawsuit filed Thursday, Colina West Limited, owned by developer David Kahn, alleges the district chose Alamo Drafthouse Cinema for a “significantly lower bid” than Colina West for the Hyde Park property, and that...

Real Estate

Toll Brothers to develop remaining homes in Belterra project

by Gary Dinges, American-Statesman Staff

Time’s running out to buy a home in the 1,600-acre Belterra community near Dripping Springs. Toll Brothers has been selected to build homes on the project’s 144 remaining lots, Ashlar Development said. Construction is expected to begin early next year, according to Toll Brothers, a nationally known builder with a significant presence in Central Texas. Belterra’s other builders include...

Real Estate

Judge rules against Austin Board of Realtors in election fight

by Shonda Novak, American-Statesman Staff

The Austin Board of Realtors has lost a court battle over the terms of its upcoming board election. As part of a lawsuit filed by two of the organization’s members, State District Judge Jan Soifer has ordered the Board of Realtors to include seven open seats on its board of directors in this month’s election, rather than the five seats the board had maintained were open. The two additional...

Real Estate

37-story tower planned for downtown Austin block

by Shonda Novak, American-Statesman Staff

Trammell Crow Company plans to build a 37-story tower with office, restaurant and retail uses on a prime downtown Austin block owned by the University of Texas System, documents filed with the city show. The UT System last year selected Trammell Crow to redevelop the 1.75-acre site, called Block 71, which would put the property back on the tax rolls. The site is bounded by West Sixth, West Seventh...

Real Estate

Condos, townhomes, shops planned near old Mueller control tower

by Gary Dinges, American-Statesman Staff

A mix of condos, townhomes, shops and restaurants will occupy a prime spot near the former air traffic control tower at the Mueller development in East Austin. Construction on the project, which is being developed by local firm Austin Modern Lofts, is expected to start early next year at the northwest corner of Berkman Drive and Tom Miller Street. When completed in 2019, the three-story building will...

Real Estate

Mortgage company loses lawsuit over titles to 400 Georgetown homes

by Claire Osborn, American-Statesman Staff

A federal judge last week rejected JB Mortgage Company’s claim that the owners of 400 homes in Williamson County owed it more than $60 million because of a lien on their titles that was part of a decades-old foreclosure. Mike Grant, a former president of the Crystal Knoll Terrace homeowners association, said he was relieved by the ruling. He said residents didn’t know if they could sell...

Real Estate

‘One-of-a-kind’ property on Barton Springs Road up for auction

by Shonda Novak, American-Statesman Staff

A “one-of-a-kind” Austin property set on a bluff overlooking Barton Springs Road will sell to the highest bidder through an online auction on Oct. 26. Joe Longton, the Austin real estate agent who has the listing, said he can see the 511 Barton Blvd. property selling to a wealthy buyer — such as a company executive or a movie star for their private residence — or to an office...

Real Estate

Church acquires SW Austin office building

by Shonda Novak, American-Statesman Staff

Austin Stone Community Church is the new owner of the Nine One Six office building in Southwest Austin. The church bought the two-story, 55,216-square-foot office building for an undisclosed price. The building is located off of Capital of Texas Highway (Loop 360) and Lost Creek Boulevard. The sale includes the 5.2 acres on which the building sits. “The purchase … provides us the opportunity...

Real Estate

AISD LAND FOR SALE: Alamo Drafthouse eyes former school site for HQ

by Melissa B. Taboada, American-Statesman Staff

Alamo Drafthouse Cinema is seeking to move its headquarters to the Baker Center, one of 40 bids and proposals for 10 of the Austin school district’s surplus properties that remain in negotiations. Baker, a former school built in 1911, had a minimum bid of $10.6 million. Alamo was among the six bidders, and one of three (including the city) that made separate proposals for the property...

Real Estate

Lawsuit alleges ‘troubling pattern’ at Austin Board of Realtors

by Shonda Novak, American-Statesman Staff

A lawsuit filed by two of its members accuses the Austin Board of Realtors of violating its own election bylaws and alleges “a troubling pattern of recent action” by the organization. The lawsuit, filed Wednesday in state District Court in Travis County, stems from the Aug. 2 removal of Cord Shiflet with Moreland Properties and Brian Talley of Regent Property Group from organization&rsquo...

Austin-area home sales up slightly in August

by Shonda Novak, American-Statesman Staff

Central Texas home sales edged up only slightly in August, while the median home-sale price rose 4 percent to $300,000, the Austin Board of Realtors said Tuesday. Some local real estate agents say the latest figures could indicate that, although demand is still strong, the local real estate market has cooled off a bit. The board said 2,994 houses changed hands in August, a 1 percent increase over...

Real Estate

Central Texas home sales edge higher in August

by Shonda Novak, American-Statesman Staff

Central Texas home sales were up slightly in August year-over-year, and the median home-sale price rose 4 percent to $300,000, the Austin Board of Realtors said Tuesday. Some local real estate agents say the market has cooled some, but they say demand remains strong. The board said 2,994 houses changed hands in August, a 1 percent increase over August 2016. Half of the houses last month sold for more...

Resident feedback welcomed before sale of Westlake Drive tract

by Rachel Rice, Austin Community Newspapers Staff

Three West Lake Hills residents said during the Sept. 23 West Lake Hiils City Council meeting that their interest was piqued by a sign on the greenspace adjacent to their homes that read “property for sale” but hadn’t heard prior that city officials were looking to sell the 2.46-acre bit of land owned by the city for decades at 110 Westlake Drive. The residents who can look into...

Real Estate

Kerbey Lane Cafe coming to Mueller development

by Gary Dinges, American-Statesman Staff

Four years after they staged an “eat in” in hopes of convincing Kerbey Lane Café to open a location in the Mueller area, residents there are about to get their wish. The Austin chain known for its queso and pancakes, among other menu offerings, said Wednesday that it will open a restaurant in the heart of the Central Austin development in fall 2018. It will be Kerbey Lane Café...

Real Estate

PANCAKES AND QUESO: Kerbey Lane Cafe coming to Mueller development

by Gary Dinges, American-Statesman Staff

Four years after they staged an “eat in” in hopes of convincing Kerbey Lane Café to open a location in the Mueller area, residents there are about to get their wish. The beloved Austin chain known for its queso and pancakes, among other menu offerings, said Wednesday that it will open a restaurant in the heart of the Central Austin development in fall 2018. It’ll be Kerbey...

Real Estate

Texas insurers mobilizing to handle Harvey claims

by Shonda Novak , Bob Sechler, American-Statesman Staff

As Texas grapples with unprecedented flooding due to Tropical Storm Harvey, “catastrophe teams” from insurance companies are moving in to assess damage to hard-hit areas, the Insurance Council of Texas said. The Houston area has seen widespread flooding and more rain expected throughout the week. Other Southeast Texas counties also are seeing significant flooding, the state industry trade...

Real Estate

Plans for revamped San Marcos shopping center include 233 apartments

by Gary Dinges, American-Statesman Staff

An Austin developer has changed course on plans to revamp a San Marcos shopping center. Since taking control of Springtown Center in 2014, Endeavor Real Estate has landed a number of high-profile tenants to fill what was, at the time, a sickly strip mall that was only 10 percent occupied. Additions have included heavy hitters such as Chuy’s, Gold’s Gym and The Spot, an entertainment venue...

Real Estate

As demolitions rise in Austin, audit questions safety enforcement

by Philip Jankowski, American-Statesman Staff

In recent years, Austin has seen a growing number of building demolitions as the city continues to redevelop, but an audit presented Tuesday found the city is failing to ensure that basic safety provisions are followed. The audit found that city staffers processing the permits are not fully considering some safety risks involving demolitions, including proper disposal of lead materials and state-required...

Real Estate

Cedar Park shopping center sells for $112.25 million

by Gary Dinges, American-Statesman Staff

A Cedar Park shopping center has changed hands in a deal valued at $112.25 million. The Parke, which opened this year at 5001 183A toll road, is a 404,000-square-foot center anchored by the region’s first 365 by Whole Foods Market, Nordstrom Rack, Dick’s Sporting Goods and Field & Stream, among others. PHOTOS: Cedar Park’s 365 by Whole Foods Market store InvenTrust Properties Corp...

Real Estate

House hunters, here are 5 secrets to getting the best home loan

by Mary Caldwell, For the AJC

Getting a home mortgage loan is one of the most important financial commitments most people will ever make, since the terms of your loan can affect your finances in a big way for years to come. Start shopping for a loan before you actually begin looking at homes, since this lets you know where you stand and gives you greater negotiating power with sellers. Your credit score has a great effect on how...

Real Estate

Tallest tower yet planned for Austin skyline

by Shonda Novak, American-Statesman Staff

A San Antonio-based developer is planning to build an 850-foot-tall skyscraper in downtown Austin, which would be the city’s tallest building. Lynd Development Partners is teaming with Dallas-based Lincoln Property Co. on the proposed mixed-use tower, which is planned for 600 Guadalupe St., Lynd’s president and CEO Michael Lynd Jr. told the American-Statesman. The building would have more...

Real Estate

One of Texas’ best vacation spots is about to get even better

by Katey Psencik, American-Statesman Staff

One of the top summer destinations in Texas is about to get a whole lot better, thanks to a massive expansion. According to the Houston Chronicle, the Cinnamon Shores vacation community in Port Aransas will receive a 300-acre, $1.3 billion expansion that will quadruple the size of the neighborhood.  The expansion will reportedly include a 3,300-foot-wide private beach, multiple swimming pools...

Real Estate

This $3.3 million Austin home has a theater that looks like an airplane cabin

by Katey Psencik, American-Statesman Staff

Love movies? Love travel? Have several million dollars to spend on a new home? You’re in luck. This 4,809-square-foot home for sale in West Austin features a home theater and entertainment room that will make you feel like you’re 40,000 feet above the earth. The house on Scout Island Circle, listed for nearly $3.3 million, has four bedrooms and five bathrooms. But it’s the media...

Real Estate

After neighbor complaints, East Austin’s Sekrit Theater is for sale for $3.5 million

by Katey Psencik

After complaints from neighbors, an East Austin man is putting his secret theater — or “Sekrit Theater” — up for sale. Beau Reichert, who has owned the property on Perry Road for about a decade, announced the sale on Facebook last month. Reichert originally moved to build an art studio (his doctor said it would help him make friends—Reichert has Asperger&rsquo...

Triangle finally comes together

by Kate Miller Morton, American-Statesman Staff

Nearly 10 years after a local developer announced plans for a major shopping center at the intersection of North Lamar Boulevard and Guadalupe Street, the first businesses are finally moving into The Triangle. Among the first expected to open early next year is Mandola's Italian Market, a restaurant and imported food and wine store that is the latest venture of Damian Mandola. He's the nationally...

Real Estate

Take a video tour of Tyler Perry's $25 million estate

by Jennifer Brett, The Atlanta Journal-Constitution

Tyler Perry’s estate was listed for sale for $25 million last year and just sold for $17.5 million.  The new owner is an "out-of-state buyer who got a good value," The Atlanta Journal-Constitution reported. "(It's) quite a deal for that volume of land in the most prestigious ZIP code in Atlanta. The land alone sold for $9 million back in 2005 when Tyler bought it,"...

Real Estate

Trump’s former $95 million mansion to be torn down

by Darrell Hofheinz, Palm Beach Daily News

An oceanfront mansion Donald Trump sold to a Russian billionaire for $95 million in 2008 is going to be torn down. The demolition of the estate, which was the largest single residential sale ever in Palm Beach, Florida, was approved this week. Long before he became the 2016 Republican presidential front-runner, Trump purchased the mansion in 2004 at a foreclosure auction for $41.4 million. He then...

Real Estate

Dr. Oz just bought this $18 million mansion

by Darrell Hofheinz, Palm Beach Daily News

Television personality and heart surgeon Dr. Oz and his wife are evidently behind the purchase of Louwana, a landmarked house built in 1919 that changed hands last week via an $18 million deed, according to records filed with the Palm Beach County Clerk’s Office. A three-year $5 million mortgage on the beachfront house bears the signatures of Mehmet C. Oz, better known simply as Dr. Oz, and...

Real Estate

Travis County puts civil courthouse bond election on ballot

by Sean Collins Walsh, American-Statesman Staff

After 15 years of plans, proposals and procrastination, Travis County’s vision for a new 14-story civil courthouse in downtown Austin will go before the voters in November. The county commissioners on Tuesday voted 5-0 to place a $287 million bond election on the November ballot for the courthouse, which would be built on the block south of Republic Square at Fourth and Guadalupe streets. It...

Real Estate

Free Tesla with every unit purchased at new condo

by Kim Miller, @pbpostrealtime

It’s not unusual for some high-end developments to throw in a few freebies to sweeten the pot, but one West Palm Beach, Florida project is taking it to a whole new level. The Z Palm Beach condominium is offering a complimentary Tesla Model S with each unit. The luxe electric car costs about $71,070, according to the Tesla website. The unique development will have just eight units...

Real Estate

Lavish 40-chandelier mansion hits market

by Kimberly Miller

A Palm Beach Gardens mansion with old world Italian details has been listed for sale at $30 million, a price tag that makes it the most expensive listing in the city and one that rivals even posh Palm Beach. The 16,000-square-foot home, dubbed Palazzo Grande, has six bedrooms, six full bathrooms and two half bathrooms, a 75-guest ballroom and 40 chandeliers, including 30 Czechoslovakian crystal...

Real Estate

“Ready for a face lift, or can be torn down”, never-lived in mansion on market

by Kimberly Miller

An oceanfront mansion in Highland Beach is back on the market today with a $12.5 million price tag after a years-long foreclosure case, January auction and purchase this month by an LLC with a mind for flipping. Casa Bella Riente at 3621 South Ocean Boulevard was the subject of a foreclosure that began in 2008, with a final judgment rendered in favor of the bank in September 2013 for $17.8 million...

Q2 Holdings files for Austin’s first IPO of 2014

by Lori Hawkins, American-Statesman Staff

Austin could soon have its first IPO of the year: Q2 Holdings has filed to raise up to $138 million in an initial public offering of stock. Founded in 2004, the company provides electronic banking services to more than 300 banks and credit unions. Q2 said the number of shares to be sold and the price range for the proposed offering have not yet been determined. J.P. Morgan Securities and Stifel Nicolaus...

Silicon Laboratories reports second quarter earnings

Lori Hawkins

Austin-based chip maker Silicon Laboratories Inc. reported that revenue in the second quarter increased from a year ago but fell from the previous quarter. The company reported revenue of $141.5 million, up 4.3 percent from a year ago, but down 2.6 percent from the first quarter. The company reported a profit of $12.6 million compared with $20.5 million a year ago. Silicon Labs makes a wide range...

Real Estate

Sponsored: Blackhawk offers something for everyone in your family

by Statesman Solutions staff

The family-friendly Blackhawk community in Pflugerville plays host to a variety of new homes with amenities that cater to the whole family. The Grisby, at 2,382 square feet, features a great room and beautiful views of the backyard from the kitchen and the family room. A second living area separates two bedrooms. This home also has an oversized patio perfect for outdoor entertaining. You’ll...

Real Estate

Sponsored: Central Texas homes to open their doors for Tour of Homes

by Staff, Statesman Solutions staff

Some of Central Texas’ most beautiful homes are preparing to open their doors this month in the annual three-day Tour of Homes, which will give you a chance to be a part of the ultimate open house. From May 17-19, the Home Builders Association of Greater Austin will host a tour of more than 60 homes throughout eight key area communities. The self-guided tour gives potential homebuyers a chance...

Real Estate

Home design projects increasingly taking pets into consideration

by Kristin Finan, Special to Statesman Solutions

After moving into their Great Hills home eight years ago, Beth and Mark Wright decided it was time for a remodel. As they started the process, they focused on making the space better for everyone in their family – especially their 3-year-old golden retriever, Jazzy. “We always knew we needed a place for our sweet little girl,” Beth Wright said. “We don’t have any children...

Early peek puts family in dream home after months of searching

by Freelancer, Special to Statesman Solutions

By Mauri Elbel Special to Statesman Solutions One week ago, the Carroll family moved into their new home nestled in Highland Hills, letting out a big sigh of relief after an exhausting six months of house hunting. When they decided to move back to Austin last year, finding a home in the current real estate market proved to be much more difficult than they anticipated. If it weren’t for finding...

Sponsored: Falcon Pointe redefines the meaning of ‘community’

by Jodi N. González, Statesman Solutions staff

The word is out about Newland Communities’ Falcon Pointe. Almost 50 homes have already been sold in the Pflugerville community this year, and there are more than 25 others under construction that will be ready for move-in before the next school year gets under way. And the schools that serve the community are right there, with a Pflugerville district tricampus on site. Why the buzz? Falcon Pointe...

Sponsored: Low maintenance, highest quality at The Grove at Falconhead

by Staff, Statesman Solutions staff

When life’s seasons change, there’s no reason to give up the lifestyle you desire. And the same goes for your home. At The Grove at Falconhead, homeowners will find quality-built, luxury homes with low-maintenance living and amenities galore. The community is perfect for everyone from busy young professionals, active families, retirees and those looking to downsize without sacrificing...

Sponsored: Location and value in Ryland Homes’ Whispering Hollow

by Jodi N. González, Statesman Solutions staff

When homebuyers were clamoring for quality and value in a premium location, the people at Ryland Homes heard them, loud and clear. They answered the call with Whispering Hollow in Buda. In Whispering Hollow, buyers can choose from 17 floor plans in two expanding sections. Homes range from about 1,600 square feet to almost 4,000 square feet and are priced from the low $200,000s. Add the serenity and...

Sponsored: Leisure activities, breathtaking homes abound at Rough Hollow

by Lisa Ogle, Statesman Solutions staff

For a brief time, the purchase of a Scott Felder home in Rough Hollow will include a one-year golf membership to the Lakeway Country Club, one-year sport membership to World of Tennis or one-year membership to Freedom Boat Club. This is also your opportunity to get in early on the newest section of the community, the West Rim. Take advantage of pre-opening pricing for one of the 31 breathtaking 1/4-...

Sponsored: Build exactly what you want at the exclusive Canyons at Lake Travis

by Lisa Ogle, Statesman Solutions staff

If you’re looking for a cozy haven where you can build the home of your dreams and enjoy amazing views, The Canyons at Lake Travis will meet your every need. This gated community in western Travis County offers a tight-knit feel for residents who also enjoy room to sprawl out on acre-plus lots that feature Hill Country and lake views. Partners in Building, the exclusive builder for the community...

Real Estate

Want some design help but short on time or money? Try e-design

by Kristin Finan, Special to Statesman Solutions

Somewhere between “misty morning” and “misted fern,” the shades began to blur. My husband and I were in the midst of redecorating our guest room, and we were trying to select the perfect shade of green for the walls. As I plopped down on the carpet to flip through the paint chips for the umpteenth time, I silently wished I knew an interior decorator who could weigh in on the...

Finding your home sweet home in Austin

by Mauri Elbel, Special to Statesman Solutions

Austin is one of those cities that has it all. One of the greatest challenges about living here is finding that perfect spot that speaks to you — and as we discovered, sometimes that search proves to be a full-circle journey. When we moved back to Texas after years living and working abroad, we knew we wanted to live in Austin. And after a decade of renting, we were ready to buy. I had a brand-new...

Real Estate

Sponsored: Anything your heart desires in elegant Beltorre

by Jodi N. González, American-Statesman Staff

Luxury is always on the wish list for a new home. Add amenities and a lot of options to that list as well. Then check them all off in Clear Rock Homes’ Beltorre. Beltorre, in Georgetown, is a prime place to put down roots. Lots are 1+ acres and sell for $63,000 to $99,000. Beautiful floorplans, ranging in size from 2,500 square feet to more than 4,000 square feet, start in the $350,000s. With...

Real Estate

Sponsored: Easy living, close in at NorthEdge

by Jodi N. Gonzalez, American-Statesman Staff

On the north edge of Austin, close to just about everything, sits a community calling you home. Wes Peoples’ NorthEdge condo community is made up of 28 units starting in the $180,000s that all showcase green and contemporary design. The units are built in two or three levels for easy living. There’s no yard to mow or exterior projects for a weekend to-do list: The homeowners association...

Real Estate

Sponsored: Lakeside living with luxury at Waterstone

by Jodi N. González, American-Statesman Staff

Life on the lake means beautiful views, easy water access and relaxation. It also means a visit to Waterstone on Lake Travis. This condo development was designed by renowned architect Larry Speck to showcase the view, with large windows throughout each of the 71 units peering out onto the lake and the Hill Country. The luxurious modern interiors boast 10-foot ceilings, farmhouse-style sinks and Jenn-Air...

Real Estate

Sponsored: Build the foundation for your dream home with Jimmy Jacobs seminar

Jimmy Jacobs Custom Homes is sharing their design and building expertise with the public on Sunday, March 17. The free, informational Build-On-Your-Lot seminar will take place at their model home in Crystal Falls, located in Leander. These seminars are open to anyone either in the process of, or interested in, building a custom home in the future. From noon to 2 p.m., the seminar will focus on all...

Real Estate

Ideas for welcoming a new neighbor

by Kristin Finan, Special to Statesman Solutions

We’ve all been there. A new couple moves in across the street. You want to introduce yourself, but you’re not sure how. Rather than waiting for an awkward run-in at the end of the cul-de-sac, why not take over a small, thoughtful gift to welcome them to the neighborhood? “I like cultivating good relationships with my neighbors,” said Nina Gordon, owner of Take Heart, a boutique...

Real Estate

Sponsored: Perfect homes for a picture-perfect Texas lifestyle

by Jodi N. González, American-Statesman Staff

Love your home, love your community and love Mother Nature with a Taylor Morrison home in Crystal Falls. This gated Leander community just opened a second phase for new homeowners, with floorplans ranging in size from 2,651 square feet to 4,200 square feet and everything in between. Prices start at $300,000, and buyers get a lot for their investment. All homes feature large social areas, spacious...

Real Estate

Making your home your own

by Kristin Finan, Special to Statesman Solutions

It’s midnight, and my feet are covered in confetti. No, I haven’t been re-enacting New Year’s Eve or working the night shift at Party City. Confetti is the deceivingly cheerful name of lavender paint my daughters hand-selected for their bedroom when we moved into our new house two months ago. Painting their bedroom is the second project I’ve tackled since we moved in. The first...

Real Estate

More sellers are getting their homes' asking price

Jeff Brown, MainStreet contributor

Good housing-market news keeps rolling in. The latest says that the gap between the seller’sasking price and the eventual sales price is narrowing, and that homes are selling faster. While this is obviously good news for sellers, buyers should welcome it too. If homes are selling faster and prices are firmer, the buyer faces less risk of losing money on a home purchase. ZipRealty...

Real Estate

Sweetwater offers location, upgrades and more for young family

by Lisa Ogle

When Matt and Kara Chavez were searching for a home last year, they were thinking long term. They considered their future neighborhood’s amenities. They wanted to make sure their girls would be in a good school district. And they were looking for a sense of community with other young families. “I grew up in Lakeway, so I always liked the area,” Matt Chavez said. “We were trying...

Real Estate

Free home tour to highlight new homes in Belterra

by Staff

What: Model home tour featuring David Weekley Homes, Highland Homes, Sitterle Homes, Treaty Oak Homes and Wilshire Homes ranging from 1,800 to 4,600 square feet and priced from the mid-$200,000s to more than $500,000 When:1 to 4 p.m. Feb. 23-24 Where: Get maps and information at the Belterra Welcome Center, 151 Trinity Hills Drive, or start at any of the six model homes in the master-planned community...

For this family, yellow brick road led to Circle C

by Kristin Finan, Special to Statesman Solutions

About a year ago, my then 3-year-old daughter became fascinated by the “Wizard of Oz.” Clad in a Dorothy-inspired dress and a pair of miniature ruby red slippers and accompanied by her trusty sidekick Tin Man (her baby sister, dressed in a bargain bin silver costume), she’d saunter through our Houston home quoting the movie. I soon knew every word by heart and found myself having...

C3 Presents buys Emo’s East music club

by Peter Mongillo

Emo’s East owner Frank Hendrix has sold the music club to Austin events company C3 Presents, C3 co-owner Charles Attal confirmed Monday. The sale, which includes the transfer of a 10-year lease but does not include the building, comes after over two months of negotiations between Hendrix and C3. “Frank contacted us a few months ago, and it was a natural progression for us, we already do...

Real Estate

Rents of $20,000 per night? Welcome to F1 week in Austin

by Shonda Novak

Want a place to stay for the big Formula One race in November? How about paying $69,000 for a one-week stay on a 40-acre Austin estate, complete with a helicopter landing site? Then there's the luxury hacienda-style home of Clayton Christopher (co-founder and CEO of Deep Eddy Vodka, co-founder of Sweet Leaf Tea). His Lake Austin-area estate is available to rent for F1 week — for $25,000. Or...

Real Estate

Daughters of the Republic of Texas' big vision: A new museum, headquarters in East Austin

More change is coming to East Austin. This time, it won't be a fancy new apartment or condo project reshaping the landscape, but rather a transformation meant to highlight, preserve and embrace Texas' Republic-era history. It's all part of the vision of the Daughters of the Republic of Texas to renovate four decades-old houses next to the French Legation Museum on San Marcos Street. The idea is to...

After dry spell, area's real estate development pipeline is flowing again

After several years with a virtually dry construction well, Central Texas' real estate development pump is being primed again. The pipeline of planned projects is replenishing, and construction cranes — the "state bird," as developers jokingly call it — are multiplying in the region. While the local apartment market has been sizzling for nearly two years, other sectors are now...