Austin urban developer StoryBuilt undergoes major reorg, furloughs staff "StoryBuilt, one of Austin’s most active urban developers, has launched a major reorganization and furloughed employees as it deals with a financial meltdown. ... [C]o-founder Ryan Diepenbrock has resigned from day-to-day management duties and Chad Shepler has resigned from his role as chief operator and director of StoryBuilt's board." (Lori Hawkins, Austin American-Statesman)
Austin-area median income growth impacts affordable housing "The 2023 median income for a family of four in the Austin metropolitan statistical area is $122,300, according to the U.S. Department of Housing and Urban Development. That is a 9.8% increase from 2022 and a 27.5% increase from 2019. 'One of the reasons it went up so much this year is because we’ve had a lot of high-income individuals move into the area,' said James May, Austin housing and community development officer. 'At the same time, we have a lot of people being priced out.'" (Darcy Sprague, Austin Business Journal)
Massive vision revealed for old Alcoa plant in Milam County "A Dallas-based developer has finally revealed its massive plans for the roughly 31,000-acre former Alcoa aluminum plant in Milam County, northeast of Austin. Roughly a year and a half after an entity connected to Xebec Holdings LLC purchased the property in Rockdale for roughly $240 million, the company said July 26 that it plans to develop 3,300 of those acres into up to 50 million square feet of industrial space for what it's calling the Advanced Manufacturing and Logistics Campus." (Justin Sayers, Austin Business Journal)
Hotel and Restaurant Project Planned for Downtown Austin’s ‘Lawyer District’ "A rezoning case filed earlier this month for an assembly of two adjacent properties near the intersection of West Avenue and West Ninth Street could bring more life to the so-called 'Lawyer District' on the west end of downtown Austin, a region largely excluded from the rest of downtown’s denser zoning and defined by older single-family homes often converted to legal offices alongside other light commercial uses." (James Rambin, Towers)
Bouldin Creek residents discourage development plans for hotels peering over their homes "Hotels could be coming to the Bouldin Creek neighborhood after the Planning Commission approved an extension for a site plan at Mattie’s at Green Pastures restaurant. The proposed development would bring two hotels with about 100 rooms and renovations to the historically significant home previously owned by Henry and Martha 'Mattie' Faulk, whose daughter Mary eventually took ownership and established a restaurant." (Andrea Guzman, Austin Monitor)
