'The next Rainey Street': Menchaca's booming bar scene to see more growth, amenities "As Menchaca's bar scene continues to boom, developers Austin NNN, Investcor and MNO Partners are working to propel the area’s growth even more with multifamily projects and other amenities." (Zara Flores, Community Impact)
Austin throws $2.6 million more into project converting hotel into housing for the homeless "More money is being poured into a former North Austin hotel that will be converted into housing for elderly people who are exiting homelessness. The Austin City Council on Thursday authorized an additional $2.6 million for continued renovations to the Pecan Gardens project, raising the total contract to $6.5 million. The contract was also extended through March 2024 to finish out the renovations." (Luz Moreno-Lozano, KUT 90.5)
As economic uncertainty lingers, industry experts say Austin tech sector remains strong "After a pandemic-era surge of companies and tech workers moving into Central Texas, Austin’s tech sector has had to navigate a more troubled national industry landscape marked by waves of layoffs and cost cutting in recent years at many companies. But despite a rocky 2023, industry experts say Austin is still strong heading into 2024." (Kara Carlson, Austin American-Statesman
Austin is among the 20 most 'house rich' cities in U.S., report says "With high interest rates and home prices making daily headlines, houses in Texas' current real estate market may seem out of reach for many potential homebuyers. But that isn't the case in Austin. A new study has revealed that Austin is the No. 16 most "house rich" major city in the nation."(Amber Heckler, CultureMap Austin)
Revol Greens grows greenhouse footprint north of Austin to boost lettuce production "Revol Greens Inc. – which opened the first phase of the facility in May in the city about 70 miles north of Austin – now has 20 acres of growing space, which is the equivalent to about 600 acres of farmland, officials said. The company also employs about 100 people there." (Justin Sayers, Austin Business Journal)
