Actually I called the agent that is representing the development (for a potential client that would love to buy a unit there) and she said they have switched from selling to leasing. Sigh.....I understand there is a huge demand for leasing but the supply is quickly going to outweigh the demand with all these lease only developments.

Interesting - I hadn't seen that yet.

I can't imagine it's going to have the same level of finish out as on that website if these are going to be apartments.

I don't see the supply in leasing outweighing demand anytime in the next 5 years and probably much longer if Austin retains its hostile stance against mf housing.

Any multifamily housing built in infill locations (aka close-in Austin) will succeed, regardless of the supply. With our traffic issues people want to be as close to town and/or their job as possible. I work & live in Southwest Austin and if lived in Steiner and had to suffer that commute every day I know I would either move or quit. Life is too short to spend a 3rd of it sitting in traffic.

In case you want to see what's in the pipeline, the City of Austin publishes a quarterly Apartment report that lists everything that is permitted or submitted for permitting. Links to current and past versions are at the bottom of their Demographic Data page, and below is a link to their most current version (click on the "Changes" tab):

http://www.austintexas.gov/sites/def...r3q12_pub.xlsx

I think it is very "Child Friendly" to have Mom and Dad Be able to walk to an "adult beverage" establishment and not have to drive home.

lolz!

Looks like StreetLights has started. They have equipment there and they were removing the small covered parking structure yesterday and today.

I saw that to, looks like a pretty big hole they dug up.

And still no renderings???

those bitches.

It is rather odd.

...maybe because it'll look like this?

http://photos1.blogger.com/blogger/4...22Oakmount.jpg

I'm sure it won't look like that. It will probably look something like their other two projects. http://www.streetlightsres.com/projects.html

I just e-mailed them. We'll see what they say.

I don't mind this....slum chic is very 2013.

Just a few photos from today (too cold!!).

Marriott:

http://farm9.staticflickr.com/8329/8...ce60bb10_b.jpg

http://farm9.staticflickr.com/8505/8...cbd46822_b.jpg


2nd Street makeover (by PF Changs):

http://farm9.staticflickr.com/8087/8...52c79f93_b.jpg


Hyatt Place:

http://farm9.staticflickr.com/8225/8...52a73a9a_b.jpg

http://farm9.staticflickr.com/8354/8...2fdd6294_b.jpg


First time I've noticed these in the city garage:

http://farm9.staticflickr.com/8335/8...761f9097_b.jpg

There are renderings from when it was supposed to be condos called Aquaterra.

rendering

The original plan called for 7 floors of parking with the residential part starting on the 8th floor. In the rendering at the link above, I'm counting 12 levels of residential and if there's 7 floors of parking underneath that, that would be 19 floors in total - the same as what the recent Austin American-Statesman article said the new project would have.

Obviously, the interior would be changed as the condo plan called for 163 units and the current plans call for 300 leased units, but my guess is that the exterior will look pretty much like what it would have if the project had built as Aquaterra Condominiums.

And nice photos, priller. I'll be glad when all the street work is done.

Wait, is that The Castilian in the future? :D

I love the architectural details, such as the smokestack on the top positioned right in the middle. Like a "spire". Wonder if they light it?

And that penthouse balcony looks like the place to be seen! :D

^Nice! In other news, I think they are filming the new Parkland movie on 7th street. That is the only explanation I can think of for the street closures and old black Dallas police cars.

Nice pictures up there. I love how chaotic construction sites look even though they know exactly what they're doing and are organized. I can't wait to see it start to rise.

some core samples being done today @ the art wall in seaholm
http://i1342.photobucket.com/albums/...pse456fdfa.jpg

Some pics from this past Saturday (12 Jan)


West Campus

http://i278.photobucket.com/albums/k...psce62c4e8.jpg


Gables Development

http://i278.photobucket.com/albums/k...ps22f03808.jpg

http://i278.photobucket.com/albums/k...ps71e34ca2.jpg


Land between Gables and W. 3rd St. (I wish there could be some connection between the two areas.. but of course there's that train track)

http://i278.photobucket.com/albums/k...ps77977975.jpg

http://i278.photobucket.com/albums/k...ps4217fd42.jpg