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Kim Gatley
enior Vice President & Director of Research at REOC Austin

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Goodnight Ranch's new dawn: housing, mixed-use project to South Austin

Goodnight Ranch development plans

Goodnight Ranch development plans

Some 3,500 homes are poised to be built during the next decade or two on the former dairy farm near East Slaughter Ln. and Old Lockhart Rd, across I-35 from Southpark Meadows, the largest shopping complex in the region.

Retail and commercial office development are part of Goodnight Ranch’s mix—at least 226,000 sf. Apartments and condos will be added. One elementary school is already built to serve the community and another school site has been set aside. …Read Entire Post


Cielo moves ahead with innovative East Austin project with City Council's approval

Rendering of the The Foundry at 310 Comal St. in Central East Austin.

Rendering of the The Foundry at 310 Comal St. in Central East Austin.

Cielo Property Group is expected to break ground on The Foundry, an office and residential condominium project at 310 Comal St. The 95,444-sf development will include 78,324 sf of creative office space and 17 for-sale condo units.

Additionally, Cielo is trading property at 1409 and 1411 E. Fourth St. for land Habitat owns at 1600 and 1602 E. Fourth St. The new parcel will allow about 8,800 sf of additional development than could be entitled on the other parcel.

The Foundry mixed-use project could deliver as early as fourth quarter 2017.

Click here to read the full article: Cielo moves ahead with innovative East Austin project with City Council’s approval (Austin Business Journal, 4-1-2016)

Jenga-style downtown Austin tower reveals cost, construction dates

HardHatIconDevelopers appear to be moving ahead with plans to build what would be Austin’s tallest building — a 58-story condo tower dubbed “The Independent,” with proposed costs and construction dates revealed in permit documents.

State and city entities have received documents from the developers — a partnership between Constructive Ventures …Read Entire Post

Sutton Co. proposes two mixed-use towers in Rainey Street District

Planned Sutton Co Rainey Development

According to a recent article in The Statesman, The Sutton Co. has two acres under contract wrapping Rainey, Driskell and East Ave. with plans to build two residential towers that could reach as tall as 50 stories.  Together, the towers could accommodate as many as 800 to 1,000 apartment and condominium units.  Tower One, which would also feature some hotel rooms, has an estimated development price tag of $75 million to $100 million.  The project still has a number of hurdles to pass before approved to move forward and is at least a year to 18 months from breaking ground.

Click to read Developer planning two high-rises at downtown Austin’s southeast edge (Austin American Statesman, 4-17-12)

Condo projects re-emerging?

Proposed Aquaterra project

Despite a 15-month supply of condos and townhouses downtown, plans for two latent projects are re-emerging.  Construction is still a ways off but plans are reportedly underway to resurrect Aquaterra and 7 Rio.  …Read Entire Post