Lucky Austin residents will soon be able to experience the city’s first major team sports franchise, the Austin FC of Major League Soccer.
While no launch date has yet been set, construction was recently approved for the 24-acre, $240 million dollar mixed-use project at McKalla Place in North Austin.
So what does this mean for homebuyers and investors targeting the Domain and surrounding vicinity?
“Those areas are increasing in value pretty rapidly,” according to Austin real estate agent John Martin, as quoted in The Statesman. “The ripple effects are going to be huge.”
Overall, the city of Austin just recently set a new monthly record for both the number of homes sold and the median price.
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