Austin City Council is scheduled to cast its first vote on the latest draft of a comprehensive revision of its land use rules and zoning maps Dec. 9. Ahead of the vote, elected officials are holding a public testimony over the weekend for anyone to weigh in on the changes. The city’s land development code governs which and how structures can be built in the city, and the accompanying zoning maps dictate where specific development can occur. Significant makeovers to both pieces have been proposed in response to Austin’s rapid growth and will directly impact the physical character of Austin for years to come. The hearing, scheduled for 10 a.m. Saturday, Dec. 7, at Austin City Hall, is the second such weekend public hearing on the land use code rewritten this fall. The Austin Planning Commission held a similar hearing in October ahead of its own vote on the revision. The window to sign up to speak will be open between 8 a.m. and 3 p.m. Speakers will get 2 minutes to speak to City Council. Saturday’s hearing marks the home stretch of the revision effort that extends back to 2012 and has directly cost taxpayers more than $8.5 million in costs associated with the rewrite. Click to read more at www.communityimpact.com.
Apple has started construction on a new $1 billion campus in Austin, Texas, the company announced this week. The facility is located near its Mac Pro facility, which began producing the firm’s latest top-of-the-line computer this month. The general contractor of the project has not been publicly identified. The 3-million-square-foot development, which is slated to be completed sometime in 2022, will be able to accommodate 5,000 employees at first, but Apple’s plan includes an eventual 15,000. Apple will power the buildings with solar power generated on-site, and the 133-acre campus will feature a 50-acre nature preserve, which will help the company achieve a total of 60% green space. The Austin campus is part of the company’s commitment to make $30 billion of capital investments in the U.S. from 2018 to 2023. During a press conference earlier this year, Kristina Raspe, vice president of global real estate and facilities for Apple, said that construction of the first building should take between 30 and 36 months. Click to read more at www.constructiondive.com.
The city of Austin expects the areas around the Broadmoor Campus and McKalla Place—the site of the new Austin FC stadium—to be primed for dramatic increases in development and subsequently heightened demand for transportation. City Council acknowledged that looming boom Nov. 14 when it directed City Manager Spencer Cronk to work with the city’s public transportation authority, Capital Metro, to help finance the completion of new rail stations in the two areas. Last year, City Council greenlit the first phase of a massive, 20-year, phased mixed-use development at the 66-acre Broadmoor Campus, an area currently occupied by the IBM campus. Plans for the area include at least 2,000 housing units and buildings reaching 360 feet tall. The area has been referred to as Austin’s future second downtown. The developers agreed to help relocate the Kramer Lane MetroRail station to the Broadmoor Campus. Click to read more at www.communityimpact.com.
When the commercial real estate firm Cushman & Wakefield looked across the United States and Canada for the “coolest” neighborhoods, Montrose made the top 20. That, says Cushman & Wakefield, makes it prime property. For Houstonians, the announcement may feel obvious. Certainly it’s not news that Montrose is cool? Bob Marley and the Wailers took over a floor of the Plaza Hotel (later Tradition Bank Plaza) in the ’70s, cooking Rasta gumbo as the magazine Texas Monthly got its start in the same building. It was, and still is, Houston’s haven and political center for the LGBTQ community. Beyoncé went to high school there. But for Cushman & Wakefield, the neighborhood’s culture and walkability is of special appeal as retail fights e-commerce to bring customers into stores. “Ignore cool at your own peril,” wrote Cushman & Wakefield when it first started scouting cool neighborhoods in 2016. Click to read more at www.mysanantonio.com.
ROUND ROCK, Texas, Oct. 10, 2019 /PRNewswire/ — Don Quick & Associates, Inc. – the largest commercial real estate company in Williamson County – is celebrating 50 years in business in 2020. The company specializes in leasing and sales of office, retail, industrial and land properties throughout Northern Travis and Williamson Counties. Since 1970, the company has solidified its place as a leader in the commercial real estate industry and as a part of their monumental anniversary celebration in 2020, they are determined to become a leader in giving back to the community. In order to achieve that goal, Don Quick & Associates, Inc. is committing to serve 50 charitable organizations from now until the end of 2020. “We believe the best way to celebrate 50 years in Central Texas is by giving back to the people who empower our community every day. These charitable organizations are the heart and soul of this area, and we want to show our appreciation,” says Darren Quick, President of Don Quick & Associates, Inc. Click to read more at www.prnewswire.com.
Blame it on Austin. Texas’ capital city has knocked Dallas off its perch as the country’s best real estate market. Big D was the top dog for real estate in a property industry beauty contest last year. But the best Dallas-Fort Worth gets is a sixth-place consolation prize in the just-released Emerging Trends in Real Estate 2020 forecast. In its 41st year, the closely watched annual property market report by the Urban Land Institute and PricewaterhouseCoopers asks real estate pros from across the country to rate the top market for the year ahead. After Austin’s winning performance, Raleigh-Durham, Nashville, Charlotte, and Boston placed ahead of D-FW in the forecast for 2020. Click to read more at www.dallasnews.com.