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Will the Leander Springs project meet its end-of-2023 deadline?
Development & business

Will the Leander Springs project meet its end-of-2023 deadline?

In October 2020, Leander, a suburb of Austin, Texas, announced plans for the Leander Springs project. This public-private partnership includes a 4-acre lagoon, up to 1,600 multifamily units, a hotel, and over 1 million square feet of commercial space. The project is being developed by Leander Spring

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Affordable senior-living project on the way to Austin
Development & business

Affordable senior-living project on the way to Austin

​​​​AUSTIN – DMA Development Co. LLC is developing Arbor Park, a $17 million senior-housing facility. The four-story project will have 147 units for adults aged 55+. Some units will be reserved for tenant​s making below 80, 50, or 30 percent of the area median income. It will have a large commun

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Exploring Your Options: Residential Real Estate Investment Strategies
Market, financing & tax

Exploring Your Options: Residential Real Estate Investment Strategies

Thinking about investing in residential real estate? You're not alone. For many people, real estate is a reliable and lucrative investment option that offers the potential for long-term growth and a steady stream of passive income. But with so many different investment strategies, it can be tough to

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Seattle buyer acquires second Texas property
Buying a home

Seattle buyer acquires second Texas property

​​​​AUSTIN – Seattle-based Security Properties Inc. has purchased the Brightleaf at Lakeline multifamily community from Lakeline ATX LLC. The Class A project, which delivered in 2022, is near Lakeline Mall at 14115 N. US 183. The community has​ 304 one- and two-bedroom apartments averaging 880 s

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Finding Your Dream Home: Tips and Strategies
Market, financing & tax

Finding Your Dream Home: Tips and Strategies

Searching for a home to purchase can be a complex and time-consuming task, but with the right tools and resources, it can also be a rewarding and exciting experience. At Austin Local Team, we understand the unique challenges and opportunities buyers face when searching for a home, and we are here to

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Buying a Home in Austin as a Foreigner: A Step-by-Step Guide
Buying a home

Buying a Home in Austin as a Foreigner: A Step-by-Step Guide

Introduction: Buying a home in Austin as a foreigner can be complex and confusing. Still, with the proper guidance and resources, it can also be a rewarding and exciting experience. At Austin Local Team, we understand foreign buyers' unique challenges and opportunities when purchasing property in th

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Benefits of Using a Net Sheet When Selling Your Home
Selling a home

Benefits of Using a Net Sheet When Selling Your Home

If you're planning to sell your home in Central Texas, you'll want to be as prepared as possible to get the best price. One tool that can be helpful in this process is a net sheet, which is a document that provides an estimated breakdown of the costs and proceeds of a home sale. Here's […]

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Strategies to Maximize Your Net Profit When Selling You're Home
Selling a home

Strategies to Maximize Your Net Profit When Selling You're Home

If you're planning to sell your home in Central Texas, you'll want to do everything possible to maximize your net profit. After all, selling your home is likely to be one of the most significant financial transactions you'll ever make, and you'll want to ensure you get the best possible price. Fortu

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Apple taking another bite out of Austin
Development & business

Apple taking another bite out of Austin

​​​​​​AUSTIN – Apple has filed plans for another project within its three million-sf​ Parmer Lane campus. The project, called Capstone Phase 2 AC12, will be a 33,000-sf multi-story​ building. It will cost around $22 million.​​​ Construction begins Oct. 1, 2024, and will wrap up in August 2025.

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Manor multifamily development site sold
Development & business

Manor multifamily development site sold

​​​​​​MANOR – DD&B Con​struction has purchased a 13.2-acre multifamily development site within the Las Entradas master-planned project. The project will have 200 units and 20,000 sf of retail space. Avison Young represented the seller, Las Entradas Development Corp. DH Realty Partners represe

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Presidium starts on Austin apartment project
Development & business

Presidium starts on Austin apartment project

​​​AUSTIN – Presidium has broken ground on Presidium Tech Ridge, a 358-unit multifamily project on 14 acres at 1210 Tech Ridge Blvd. The project will have studio and one- and two-bedroom floor plans. Amenities include a pool, fitness center, game room, coffee bar, theater lounge, gold simulator,

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JV planning 359-unit multifamily complex in Round Rock
Renting

JV planning 359-unit multifamily complex in Round Rock

​​ROUND ROCK – CP Capital and ZOM Living are developing Azola Avery Centre, a 359-unit garden-style apartment complex within the Avery Centre master-planned community. It will have studios and one- and two-bedroom floor plans. Amenities will include a clubhouse, game room, fitness center, pet spa,

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November 2022 Central Texas Housing Market Report
Market, financing & tax

November 2022 Central Texas Housing Market Report

ABOR: MEDIAN PRICE FOR A HOME IN AUSTIN-ROUND ROCK MSA STAYS FLAT, NO SALES OR PRICE RECORDS SET CENTRAL TEXAS HOUSING REPORT AUSTIN, TX — For the first time since February 2019, median home prices in the Austin-Round Rock MSA experienced a 0% year over year increase, according to the Austin Board o

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Austin American-Statesman HQ becoming mixed-use project
Development & business

Austin American-Statesman HQ becoming mixed-use project

​AUSTIN – Endeavor Real Estate Group is redeveloping the former _Austin American-Statesman_ headquarters at 305 S. Congress Ave. into a 3.5 million-sf mixed-use project. Plans call for 1,378 residential uni​ts, 1.5 million sf of office space, a 275-room hotel, and 150,000 sf of retail and restaura

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Inspire kicks off 158-acre mixed-use project with The Eden
Development & business

Inspire kicks off 158-acre mixed-use project with The Eden

AUSTIN – Inspire Development Real Estate LLC has broken ground on The Eden, a 306-unit multifamily complex. It will have one-​, two-, and three-bedroom apartments ranging from 678 to 1,511 sf. Amenities will include a fitness center, rooftop lounge deck, golf simulator room, dog spa, cow​orking lo

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700K-sf apartment tower rising in The Domain
Development & business

700K-sf apartment tower rising in The Domain

​​​AUSTIN – Trammell Crow Company is developing a 20-story apartment tower in The Domain. The $145 million project will span 700,000 sf across 416 units. Amenities will include a fitness center, amenity deck, and clubroom. ESG designed the building. Construction begins in April 2023 and will tak

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Micro-housing complex nearing completion
Development & business

Micro-housing complex nearing completion

​​AUSTIN – Sixth and Chicon, a 34,264-sf micro-housing development at 1812 E. Sixth St., has topped out. The six-story development will have 60 apartments ranging from 252 to 465 sf. Watershed Development Group, Mark Odom Studio, Cadence McShane Construction, Civilitude, Leap Structures, and Nic

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Square House Capital picks up Austin apartments
Renting

Square House Capital picks up Austin apartments

​​​​AUSTIN – Square House Capital has purchased Radius on Grove, a 156-unit multifamily complex at 2301 Grove Blvd. It has one- and two-bedroom floor plans. Amenities include a pool, fitness center, business center, clubhouse, pet play area, and outdoor grilling and dinin​​​g stations. Square Ho

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The Bowerly coming to Pflugerville
Development & business

The Bowerly coming to Pflugerville

​​​​​PFLUGERVILLE – Wilson Capital is developing The Bowerly, a 294-unit multifamily complex at 100 Dessau Rd. The three-building project will have one-, two-, and three-bedroom floor plans ranging fr​om 650 to 1,400 sf. Clark Wilson Builder is the general contractor. Construction begins in Febr

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