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Hotel ZaZa Project Moves Forward, Gets Planning Commission Approval

Hotel ZaZa Project Moves Forward, Gets Planning Commission Approval

Despite the opposition from residents living at the Plaza Lofts, the controversial hotel has recently received Austin Planning Commission recommendation. The 24-story mixed-use project called Hotel ZaZa is planned on West Fourth Street between Guadalupe and Lavaca streets, very close to the residential property.…

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SunCal Buys Manor Master-Planned Community, Plans to Finish Project

SunCal Buys Manor Master-Planned Community, Plans to Finish Project

SunCal, an Irvine, Calif.-based residential development company, closed the deal on the 758-acre ShadowGlen master-planned community in Manor, an eastern suburb located just 14 miles from Austin’s city center.…

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Work Begins on 36-story Apartment Tower in Downtown Austin

Work Begins on 36-story Apartment Tower in Downtown Austin

A partnership comprising San Antonio-based Lynd and Austin-based Endeavor Real Estate Group broke ground last week on a planned 36-story tower that will add 358 luxury units to downtown Austin. Developers plan to complete the project in the third quarter of 2014.…

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Austin Apartment Community Changes Hands in $35M Deal

Austin Apartment Community Changes Hands in $35M Deal

The Dayton-based Connor Group recently purchased 290-unit River Oaks—a 40-acre gated apartment community located at 6607 Brodie Ln.—for $34.6 million. Built in 1997, the property includes amenities like a pool, spa, volleyball court and basketball court. The multifamily deal marks the second acquisition in Austin by the real estate investment…

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New Federal Courthouse Opens in Austin; $304M Apple Campus Underway

New Federal Courthouse Opens in Austin; $304M Apple Campus Underway

Austin’s federal courthouse has found a new home in an eight-story, 252,420-square-foot building of stone and glass. Located in the downtown area, the $123 million project opened three years and three months since breaking ground in 2009. Sitting on the site of the old Shell building, the new facility features…

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340 Luxury Apartments to be Built on South Lamar

340 Luxury Apartments to be Built on South Lamar

South Lamar Boulevard is swarming with construction projects that will add circa 1,300 new apartments and more than 100,000 square feet of restaurants and shops south of downtown. One of these projects is developed by Hanover Co., which is expected to soon break ground on a luxury apartment project just…

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Velocis Buys Two Austin Shopping Centers in $60M Deal

Velocis Buys Two Austin Shopping Centers in $60M Deal

Dallas-based Velocis, a commercial real estate investment fund, recently purchased two Austin shopping centers totaling over 350,000 square feet of retail space. With the acquisition of West Woods Shopping Center and Springdale Shopping Center, Velocis now has circa $160 million of assets under management.…

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Los Angeles Company Buys 2,044-unit Riata Apartment Complex in Northwest Austin

Los Angeles Company Buys 2,044-unit Riata Apartment Complex in Northwest Austin

Los Angeles-based IMT Capital LLC, along with affiliate IMT Residential, has made its largest acquisition ever, closing a deal on the 2,044-unit Riata apartment complex. The deal represents one of the largest apartment portfolios ever sold in Austin, according to the Austin Business Journal. The portfolio had been on the…

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AMLI Residential to Add 279-unit Building to Mueller Community

AMLI Residential to Add 279-unit Building to Mueller Community

AMLI Residential has announced it will build a 279-apartment building at the Mueller master-planned community in Northeast Austin. The homebuilder expects to break ground on the mixed-use building in the first quarter of 2013, with the first units available in the third or fourth quarter of 2014, reports the Austin-American…

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Apartment Project at RunTex Site Gets Green Light

Apartment Project at RunTex Site Gets Green Light

The Austin City Council has recently approved a zoning change that allows developers to move ahead with a six-story apartment project worth $35 million in downtown Austin. Phoenix-based Alliance Residential Co. plans to build about 220 luxury apartments on the 1.53-acre site that is currently occupied by a RunTex store…

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HID Global Picks Austin for $36M Plant

HID Global Picks Austin for $36M Plant

HID Global Corp. has chosen Austin for its new manufacturing and distribution facility. After months of negotiations, which began early this year, the identity security company announced the decision to build a 200,000-square-foot operations center in Northeast Austin. According to the Austin Business Journal, HID is expected to create 147…

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Tezzaron Saves Austin Research Fab

Tezzaron Saves Austin Research Fab

Tezzaron Semiconductor Corp. has announced it will buy the wafer fabrication plant on Montopolis Drive in southeast Austin, preventing more than 100 layoffs. Formerly run by SVTC Technologies LLC, the plant is the only facility of its kind on the continent. According to J.T. Ayers, Tezzaron's CEO, the plant supports…

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