415 Colorado Apartment and Office Tower Tops Out in Downtown Austin "415 Colorado, the 47-story apartment and office tower under construction at the southeast corner of West Fifth and Colorado Streets in downtown Austin, celebrated reaching its maximum structural height last week by hosting a 'topping out ceremony." (James Rambin, Towers)
Austinites weigh in on smaller lot sizes under HOME Phase 2, transit and density measures "A public hearing on a slate of proposed amendments to Austin's land development code—the rules for what can be built across the city, and where—drew scores of residents to speak on the issues at City Hall on April 11." (Ben Thompson, Community Impact)
Austin Mayor Kirk Watson declares his plans to run for reelection "To the surprise of practically no one in Austin, Mayor Kirk Watson announced on Wednesday that he will run for reelection this November. In an email to supporters, he outlined victories so far in his current two-year term." (Jo Clifton, Austin Monitor)
Construction boom in Downtown Austin appears to slow down "Downtown Austin's construction boom is slowing down for the first time in years. While 17 projects remain under construction, most of which are residential, officials with the Downtown Austin Alliance (DAA) said Austin is starting to move in a different direction with development." (Matt Fernandez, KVUE-ABC)
2 more Chapter 11 bankruptcy filings from Nate Paul's World Class hit courthouse "WC 56 East Avenue LLC and WC 5th & Waller LLC both declared bankruptcy on April 1, according to voluntary petitions filed with the Texas Western Bankruptcy Court. ... The properties tied to the entities are in prime locations near the Rainey Street Historic District and in East Austin" (Cody Baird, Austin Business Journal)
Austin becoming a hub for tech tycoons. Where does it rank? "From 2013 to 2023, Austin’s millionaire population grew 110%, which is 30 percentage points more than in the original Silicon Valley in California during the same 10-year-span." (Beck Andrew Salgado, Austin American-Statesman)
