Austin Real Estate Roundup: July-August 2014
Posted by Mary Ann Castro on
Stay connected with the latest Austin real estate news. See what's happening in Austin and stay ahead of the game in this increasingly competitive market. Courtesy of JBGoodwin REALTORS®
Karlin, Trammell Crow partner on $1 billion Austin mixed-use project, Austin Business Journal
Los Angeles-based investor Karlin Real Estate in collaboration with Trammel Crow broke ground on Parmer 3.2 in North Austin last week. The 1 billion dollar multi-use development is the beginning of a larger master-planned commercial project which plans to feature millions of square feet of commercial space including multi-family housing, retail, hospitality and office space.
Unlike the estimated 2 million square feet of luxury office space being built in Central Austin,…
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It all started with the Mueller Airport redevelopment. East Austin was, for so long, seen as a no-go zone for redevelopment. People didn't believe that, in the middle of the city's poorest district, it would be possible to build a brand new neighborhood, where people actually wanted to live and work. But 10 years on Mueller is a triumph. The site, just 3 miles from downtown, successfully brings together the different components of the city—working, living and playing—into one community. The project is now beginning the third phase of the Town Center, which will include shopping and dining options and, rumor has it, movie theater. Construction is also expected to begin on several hundred more homes.