Endeavor gains OK to erect tallest buildings in far East Austin "Endeavor Real Estate Group LLC's plan to transform an East Austin dairy plant into a multi-tower, mixed-use development has taken a significant step forward, with July 20 rezoning approval from Austin City Council. The redevelopment is proposed on 21 acres currently occupied by a Borden Dairy Co. facility on Levander Loop, overlooking the Colorado River." (Mike Christen, Austin Business Journal)
Deep frost in downtown office market showing signs of thawing "With more employees working remotely or on a hybrid basis, and with some companies — particularly in the tech sector — downsizing, freezing hiring and shrinking their footprint, the central business district has a glut of office space, according to Austin-area commercial brokers and market data." (Shonda Novak, Austin American-Statesman)
Demolition Planned for City-Owned Home Depot Site in North Austin "The former Home Depot store currently sitting empty on a roughly 19-acre tract of city-owned land along Interstate 35 in the St. Johns neighborhood of Northeast Austin could soon be demolished, according to a number of permits filed earlier this week." (James Rambin, Towers)
Austin readies to greatly reduce the amount of land needed to build a home "In an attempt to encourage the building of smaller and cheaper homes, Austin leaders are angling to lower the amount of land required to build a house. On Thursday, the City Council will vote on a resolution to start the process, although it could still be years before changes go into effect." (Luz Moreno-Lozano, Audrey McGlinchy; KUT 90.5)
County approves Travis Club development, despite community objections "The Travis County Commissioners Court on Tuesday passed a motion approving an initial phase of the Travis Club development, a 1,047-acre property – featuring golf course lots, a marina and more than 500 housing units – that is slated for construction at the intersection of Bee Creek Road and Thurman Bend Drive. This was despite appeals from community members who took to the Travis County Commissioners Court to voice concerns with the project." (Seth Smalley, Austin Monitor)
Veterans Affairs Outpatient Clinic in Southeast Austin sold for $142 million "The Veterans Affairs Outpatient Clinic in Southeast Austin has been acquired for $142 million. The seller was Healthcare Property Advisors, based in Brea, Calif., and the buyer was not disclosed, said commercial real estate firm CBRE, which facilitated the sale." (Lori Hawkins, Austin American-Statesman)
Austin housing market improved over the first 6 months of 2023 "Despite economic struggles, lack of housing availability, and affordability woes making up a majority of concerns with the Austin-Round Rock housing market, overall trends have improved through the first half of 2023. The latest Austin Board of Realtors (ABoR) report details a need for more inventory to address rapid population growth." (Amber Heckler, CultureMap Austin)
