Quote:

A city plan to transform the East Riverside Drive corridor into a more vibrant, urban mixed-use neighborhood is reaching another milestone. The City of Austin will host a community open house today as it launches a transportation study of the corridor, part of a city master plan to remake the 3.5 mile-long roadway between Interstate 35 and Texas 71.

“The vision is to transform the area from an auto-dominated, aging corridor to a people-oriented destination with lots of people living, working and playing within walking distance of transit,” said Erica Leak with the city’s Planning and Development Review Department.

The vision is at least partly dependent on a future urban rail line with new neighborhood centers developing around rail stops. City leaders plan to ask voters next year to support bonds for an initial phase of an urban rail system, but it isn’t clear yet whether that first phase will include East Riverside. Eventually, city planners envision urban rail running from Austin-Bergstrom International Airport along East Riverside to downtown.

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http://www.statesman.com/news/local/…type=rss_local

Don’t get me wrong I am all for affordable housing but not to the detriment of the residents. These properties are not maintained well and some say not fit for habitation.

The problem plaguing the area is expansive clay. Many of the structure built to lax 1970′s building standards are not engineered and are essentially floating on moving ground and as a property owner we have seen substantial damage my property and have had to spend tens of thousand to remediate foundation issues and subsequent related damage.

East Riverside expansive clay in many cases makes repair not a profitable prospect. Owners of these types of property are only interested in the bottom line just like the managers they hire. No surprise.

Fortunately, East Riverside area is the most obvious choice for redevelopment as there is a great deal of inexpensive land, rolling hills, waterfront, hike and bike trail, city views and it’s right next to downtown. It is a diamond in the rough just waiting for investors.  The City of Austin has been in the works developing a plan to rezone and recreate the area. Developers have taken notice. One high end apartment, the Amli, has been built and another is under construction on the river (one of the few buildable Lady Bird Lake properties). Too Emos has moved from downtown 6th and Red River to Burton Drive just south of Riverside Dr.

Over the past few months I have attended meetings regarding the city’s ERC Plan. In these meetings we voiced our options on proposed zoning regulation.

The Draft East Riverside Corridor Regulating Plan is nearly ready for review, and that the City is hosting an open house for the public to find out more about the draft regulations and provide feedback. The Draft East Riverside Corridor Regulating Plan will be available for review starting Monday at the Ruiz Branch Library, 1600 Grove Blvd., and online at: http://eastriversidecorridor.com.

The City is also moving forward with implementation of the ERC Master Plan by undertaking a transportation study for the corridor. That study will identify short-, medium-, and long-term transportation improvements to increase safety and improve vehicular, pedestrian and bicycle mobility and accessibility in the East Riverside corridor. The needs identified through the study will help the City prioritize on-the-ground improvements for the area.

RC Regulating Plan and Transportation Study Open House
Thursday, October 27, 5-8 pm
Travis High School Cafeteria, 1211 E. Oltorf St.

View the open house flyer here: http://www.ci.austin.tx.us/urbandesign/downloads/erc_oct27.pdf

All in all this area has the potential to be a great walkable, vibrant area of mixed use residence, retail and office space. Interesting times are ahead!

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2011 Best Cities for Families

2. Austin, TX  It’s no surprise that Austin kept its second-place ranking from last year—it’s a way-cool progressive city in a warm and sunny climate. City pools stay open year-round, and the bass are always biting at Town Lake. The self-proclaimed Live Music Capital of the World, Austin also hosts the annual South by Southwest music, film, and interactive festival. It’s a mecca for innovators—Michael Dell launched his tech company here—and Samsung, Google, and Facebook all have offices. With an abundance of pediatricians, 27,000 acres of parkland, and plenty of farmers markets and food co-ops, Austin is a well-rounded, healthy hometown.

Comparing August 2011 with August 2010, it’s encouraging to see three consecutive months of year-over-year growth in sales volume.

Austin Real Estate Market
August 2010 vs August 2011

• $516,797,994 – Total dollar volume of single-family properties sold, 31% more than August 2010,
• $200,000 – Median price for single-family homes, unchanged from August 2010,
• 1,978 – Single-family homes sold, 33% more than August 2010,
• 215 – Condos and town homes sold, 16% more than August 2010,
• 79 – Average Days on market, 2 days longer than August 2010,
• 2,386 – New single-family home listings on themarket, 9% less than August 2010,
• 8,705 – Active single-family home listings on themarket, 22% less than August 2010,
• 1,789 – Pending sales for single-family homes, 19% more than August 2010.

Buying? The inventory of homes is extremely low, so you’ll need to get pre-qualified and be ready to act the moment your right home hits market. Competition is fierce and the best deals are gone in only a few days, with multiple offers, so send us your search criteria and we will set up a personalized MLS search that will send you email alerts the instant new listings matching your criteria hit the market.

Selling? We have 22% fewer homes on the market than this time last year. This is great news as there is less competition. Still, the market varies per Austin area, so send us the details on your home and we will prepare you a competitive market analysis (CMA) of your home’s value in today’s market

4 Bedrooms, 4 Bathrooms, 2 Car garage, 5130 Sqft

Incredible kitchen with Alno Custom Cabinets, Caesarstone, Miele appliances, integrated refrigerator, wine cellar, Fleetwood Windows and Doors, Quarter-sawn white oak, Cypress everywhere and Terrazzo tile floors. two hot-tubs and negative edge pool. This property was showcased on the 2010 AIA Austin Home Tour.

Sophistication and quality sum it up

Offered at $3,500,000

Photography by Alexander Stross @ StrossArts.com - Copyright 2011

Click here for the full listing.

Alterstudio Architects,
A Parallel Architecture,
Barley & Pfeiffer Architects,
Brian Dillard Architecture,
Cornerstone Group Architects,
Dick Clark Architecture,
KRDB,
McKinney York Architects,
Mell Lawrence Architects,
Murray Legge,
LZT Architects Inc.,
Paul Lamb Architects,
Pollen Architecture and Design,
Rauser Design,
Rick & Cindy Black Architects,
Stuart Sampley Architect

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