|
Everything in the 2ND Street District has been created to foster a walkable retail-oriented experience in the best new urbanist traditions: city-owned property, ground-floor retail, small boutique shops, a narrow two-way street, an interested and involved handful of landlords. So why hasn't the district taken off like South Congress or The Domain? The five-block area, originally intended to be local retail, has churned through at least 100 retailers. Storefronts on Austin's priciest blocks still remain empty. And the average tenure of many retailers can be measured in months. 
Many of Austin's hot retail spots appear to succeed in spite of the odds. South Congress gained traction even as the street's retail co-existed with local prostitutes. The Domain is 11 miles and suffered early delays and backlash over tax…
|
|
|
 |
|
|
|
|
|||||||||||||||||
|
How One Company Is Transforming Multifamily Gyms With 3 Simple Amenities
It is often difficult to force oneself to fit fitness into a daily routine when that involves leaving the apartment on a rainy Sunday morning to go to the gym. But some health and gym amenity management companies are looking to…
|
|
|
|||||||||||||
|
Alameda Finally On The Rise With Council Approval
San Antonio City Council has signed an agreement to restore the Alameda Theater on Houston Street, 23 years after the city acquired a landmark considered “one of the last grand movie palaces built in America,” according to Cinema Treasures. The…
|
|
|
|
Intercontinental Real Estate Corp. Picks Up 5th+Colorado
Boston-based Intercontinental Real Estate Corp. purchased 5th+Colorado, adding a trophy office tower to the Austin properties in its portfolio. Lincoln Property developed the 18-story tower in a partnership with Goldman Sachs. Opened in 2016, 5th+Colorado is one of a handful of…
|
|
|
|
 |
Aging Boomers Could Drive Demand For Medical Office Buildings Through 2055As baby boomers, once America's largest living generation, continue to age, demand for medical office space is growing with them. The medical office building sector has seen an increase in investor interest this year due in part to the number of baby boomers who require more medical services. U.S. medical office building vacancy rates have been decreasing for the last seven years and are now sitting at 8% thanks to strong Q1 absorption that continued to outpace completions this year, CBRE reports. Based on these findings, investors have become increasingly confident in the need for in-office physician services in the coming years, pushing investment in MOBs nationwide to $9.9B as of Q1 with cap rates at record lows of 6.8%, CBRE reports. |
|
Ten-X Partners With Financier To Underwrite Loans For Qualifying Properties Prior To PurchaseOnline real estate marketplace Ten-X has partnered with a financier to pre-arrange loans for qualifying properties for sale through its platform. The Irvine, California-based company's leaders hope the deal will boost the number of buyers that use the site. Through the partnership with tech-enabled lender Money360, buyers on Ten-X will be able to streamline the financing process by sourcing pre-arranged loans for properties they are interested in acquiring. As the virtual auctions commence, buyers will know ahead of time whether the properties they are interested in bidding on qualify for financing. |
 |
|
