Austin charges ahead in Texas' electric vehicle race "More than 2.1% of registered vehicles in Travis County are now battery-powered cars and trucks, registration data obtained through the Texas Public Information Act shows. The number doesn't include hybrids. Travis County's EV adoption rate is the highest of the five biggest counties in the state." (Nathan Bernier, KUT 90.5)
Hundreds of Apartments Replacing a Big Ol’ Drive-Thru Bank on Burnet Road "An apartment project set to bring approximately 300 new residences to a drive-thru bank and adjacent parking lot of an office building on Burnet Road is preparing to take its first steps in the Allandale neighborhood of North Central Austin, with the site plan for the development at 7618 Burnet Road now approved by the city and a demolition permit prepping the site for construction now in review." (James Rambin, Towers)
Higher interest rates dampen home sales, median prices in Austin area "Nationally and locally, the volume of sales and median sales prices have consistently been down year over year, which was the Federal Reserve's aim since it began raising mortgage interest rates in the spring of last year to curb inflation. Rates are now hovering above 7%." (Shonda Novak, Austin American-Statesman)
'Little Luckenbach’ could link Sam’s Town Point to $270M South Austin entertainment district "The owner of Sam’s Town Point hopes that a forthcoming mix of 'rural retail' – including a farmers market and possible hemp cultivation along with live music offerings on the 10 acres surrounding the popular music venue – could link up to a planned entertainment district south of Slaughter Lane along Menchaca Road." (Chad Swiatecki, Austin Monitor)
5 things to know about Elon Musk's growing empire outside Austin: SpaceX, Boring Co. footprints getting bigger "Out beyond the new Tesla Gigafactory, Elon Musk's crews at SpaceX and The Boring Co. are trading land between the businesses, dealing with environmental concerns and ramping up to hire and build even more." (Justin Sayers, Austin Business Journal)
Famous Kardashian shapewear brand sneaks into first Austin storefront "There's a new shapewear store in town, with lines reaching around the block. Kim Kardashian's Skims line is now available to shop in-person at a newly opened "work shop" at Austin's Domain Northside." (Amber Heckler, CultureMap Austin)
