Former StoryBuilt executives and employees launch new marketing and sales firm As struggling urban developer StoryBuilt seeks to avoid financial collapse, a group of former sales and marketing employees are launching a new agency. Homer Agency, composed of 11 previous StoryBuilt executives and employees, will work with real estate developers to oversee branding, marketing, and presale and resale of properties. (Lori Hawkins, Austin American-Statesman)
Indeed puts Domain office building up for sublease; downtown tower may be exited soon "Indeed Inc., a major technology employer in Austin, has started the process to shed real estate in The Domain, and more space is expected to be jettisoned downtown soon. The five-story Domain Gateway office building, on the eastern edge of the North Austin mixed-use neighborhood often called Austin's second downtown, is up for sublease, according to an online brochure advertising the space." (Cody Baird, Austin Business Journal)
This is how much income an Austinite needs to afford rent in the city "The median annual income of an Austin resident is $65,567, the study says, which is $1,767 higher than what they would need to earn to afford the rent for a one-bedroom apartment. A local would need to make $63,800 a year to afford the median monthly rent, which amounts to $1,595." (Amber Heckler, CultureMap Austin)
Travis County commissioners approve preservation plan funding for Sweatt courthouse "The Heman Marion Sweatt Travis County Courthouse on Guadalupe Street could undergo historic restoration in the coming years with state funding assistance. Earlier this week, the Travis County Commissioners Court voted unanimously to allocate $100,000 toward hiring a historic preservation architect to draft a preservation plan for the structure, which was built in the 1930s." (Chad Swiatecki, Austin Monitor)
Wildhorn Capital aims to develop 2,000-plus apartments off East Riverside "The company wants City Hall to rezone the 530 units at 2207 Wickersham Lane and 2239 Cromwell Circle, which appear to be complexes called Hillside Villas and The Patten, and raise the site's building height limit from 40 feet to as high as 120 feet." (Mike Christen, Austin Business Journal)
