It is about to get harder to argue rising inflation is transitory.
When a federal moratorium on evictions expires at the end of July, some eight million households are at risk of being evicted—notwithstanding any last-minute state or federal efforts to protect tenants. The program’s end brings fallout for tenants and relief for landlords that will ripple across the U.S. economy, unleashing a new upside risk for inflation as broad pricing pressures boil and inflation expectations climb.
Homes.com has elected Austin’s NW suburbs as 5th best suburbs in the United States. No surprise considering the recent growth in the area. Pandemic shifted everyone’s focus away from urban lifestyle and many migrated to suburban homes where you can afford a larger home with nicer backyard. Congrats Leander!
Leander and Cedar Park area is becoming mecca of mixed-use projects, also construction rush for new houses.
Featureing these three developments in the suburban cities.
Leander’s mayor has announced a partnership for its $1 billion proposed development called Leander Springs. The 78-acre mixed-use project would be located at the southeast corner of FM 2243 and 183 and include retail, restaurants, entertainment, and residential space. The project would also include a 4-acre crystalline lagoon that would serve as the centerpiece for more than 1 million square feet of development, including a full-service hotel and conference center currently planned for the property. In addition to commercial development, up to 1,600 units of multifamily residential development are proposed for the project, according to the city.
The development is projected to take 12 to 15 years to complete in six phases. The first phase could begin in June.
In the first phase, the developers are required to complete 35,000 square feet of commercial space and the lagoon by Dec. 21, 2023, with no more than 400 apartments built, according to the incentive agreement.
2.
The Northline project is a 115-acre, mixed-use project in Leander’s transit-oriented development area between US 183 and 183A Toll. Project plans include shopping, dining, housing, and a town center and uses $15 million in city-allocated bonds. The project was first introduced in 2017 as a “vibrant, mixed-use town center.” Vertical construction is expected to start in 2021, and full build-out is expected to take 10-12 years. At Northline, the venue will have restaurants, bars, shops, a central lawn, a patio area, an event stage, and a jumbotron with daily and evening events, according to the release. It is a premium destination where parents can get together for a drink and let their kids run free.
3.
Indigo Ridge is a $1.5 Billion Dollar development which will be anchored by the United States Tennis Association (USTA) – Texas Headquarters. The USTA- Texas Tennis Campus will include approximately 40 outdoor tennis courts, 6 to 8 indoor tennis courts, a stadium court, and related amenities for training, development, and competitions. The development is approximately 155-acres at the intersection of East Whitestone Boulevard (FM 1431) and Sam Bass Road. Indigo Ridge includes a concentrated mix of uses where people can live, work, play and stay – all within. More importantly, Indigo Ridge is composed to serve as a place where patrons come together every day to dine, shop, watch a movie, listen to a concert, or to simply experience something new.
Tesla’s second factor will be located at Southeast Austin right off 130 Toll near the airport. It will be an over 2000 acre site and will create 5000 jobs.
-Article from Austin Statesman.
SXSW 2019 is about start, fun! The event has long known as a music event and then film. Today’s SXSW has evolved into a huge convention and offers enormous venues among variety of fields. SXSW today goes beyond music and includes comedy, gaming, film and conference. The Interactive conference has grown tremendous amount and attracts businesses from all over the world not only technology but politics, health care and more. There is an obvious economic effect on Austin business. This is one of the reasons why Austin is elected as 2nd top tourist destination in the US.
No wonder Austin is listed as the 4th in the states for most pet friendly cities in the States! Lots of off-lease dog parks, abundant nature with trails, dog friendly restaurants and retailers! Almost all apartments are pet friendly and you will notice all the water and treats for dogs on streets around town.
So “dear property owners”, we sometimes get asked if we can advertise properties with NO PETS in our ads. Most responsible pet owners are very considerate. Close to 60% of households owns pet in Austin. Harmony likes to select tenants based on tenants’ history and would like to stay as pet friendly as possible.
As Mayor Adler says: “We are a young, growing, creative, forward-charging, entrepreneurial, friendly & welcoming community.”
Amazon took more than a year to decide its new location and chose East Coast after all. On the other hand Apple has announced its new location overnight. This expansion in the NW Austin will create 5000 new jobs in the next 3 years, growing to have 15,000 new employees. Apple is expected to be the largest private company in the city. Austin currently employs 6200 people a couple of miles from its new campus.
https://www.wsj.com/articles/apple-to-build-new-campus-in-austin-11544691545
—–Austin seems to be over building houses and apartments at a moment, however we may be needing more quickly.
Austin made to another top of the list in the United States.
Horray! This is the 2nd year Austin is chosen as “Best place to live” in the US.
Out of 125 metropolitan cities, Austin shines to be #1 based on affordability, job prospects and quality of live.
Enjoy the article below.
CTCAR meeting hosted a special speaker, Steve Adler, Austin Mayor.
He was very boastful of Austin. He describes Austin as follows.
Austin is:
Here is a little extra about Steve Adler:
The Mayor supports Code Next. Affordability is becoming more serious concern as the city grows bigger. We will need to be the big city that supports diversity. This is how Mayor explains on the strategic housing plan.
He also supports a Major League Soccer team coming to Austin. Announcement from 3 days ago was the MLS team, Columbus considering relocating to Austin. Austin is one of the very few major cities without a pro sport team.
![IMG_7443[1]](https://harmonyrealestategroup.files.wordpress.com/2017/10/img_74431.jpg)
Real Estate in Austin, Texas 