$267 million film, TV studio proposed for Austin metro area "A $267 million studio for film and television production could be coming to San Marcos, and city and county officials have agreed to provide millions in tax breaks to help make it happen. Hill Country Studios, a subsidiary of Hill Country Group LLC, has proposed a state-of-the-art production, television, film and streaming studio, that the company said would be the largest of its kind in Texas." (Kara Carlson, Austin American-Statesman)
No big U.S. city is building more homes per capita than Austin, Redfin says "Austin tops all other U.S. markets when it comes to bringing more housing online, but the pace isn't fast enough to stop prices from rising amid low inventory. Research from online real estate brokerage Redfin Corp. (Nasdaq: RDFN) shows the Austin metro had the most single-family building permits per capita among major U.S. metros in the first quarter of 2022." (Colin Pope, Austin Business Journal)
Council OK's proposals aimed at spurring denser development along Austin corridors "Austin developers have a new option to build taller residential projects along major roadways, and could soon see additional rule changes aimed at making more transit-friendly housing possible citywide. City Council passed a pair of land-use code updates that officials have said could help increase the local housing stock and affordability as Austin's rents and home prices continue to climb." (Ben Thompson, Community Impact)
Burnet Place Project Unlocks Affordable Housing for Austinites Living With HIV "Local nonprofit Project Transitions expects to break ground soon on Burnet Place, a 61-unit affordable apartment community reserved for Austinites living with HIV, in the Wooten neighborhood." (James Rambin, Towers)
Council approves permanent supportive housing in Hancock "City Council Thursday unanimously approved a rezoning for Cady Lofts, a project that will bring 100 homes for people experiencing homelessness to the Hancock neighborhood. The project includes studio units in a 3- and 4-story building with on-site services for residents in permanent supportive housing. The development team includes SGI Ventures, the Austin Affordable Housing Corporation, New Hope Housing, Saigebrook Development and OSDA Industries. (Jonathan Lee, Austin Monitor)