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🧠 Investing in Brains & Bricks: New Campus & Affordable Units Land! 🏡

Austin Archuleta

October 3, 2023

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Urban Planning & Development

Round Rock ISD moves forward with new Early College High School campus

Source: Newstalk Texas

Article Summary: Round Rock ISD has approved a lease for a 2.2-acre property on the Austin Community College-Round Rock Campus to construct a new Early College High School. The project, originally budgeted at $15 million, has now more than doubled to $33.9 million. Funded through the district’s growth plan, the new campus will replace the current Early College school which utilizes multiple portable classrooms.

Key Takeaways: This new educational development in Round Rock serves as an indicator of the district’s growth and commitment to education, which may enhance local property values and attract new residents, providing potential opportunities for real estate agents.

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Pilot program could make zoning reviews more predictable, Austin staffers say

Source: Austin Business Journal

Article Summary: The city of Austin’s planning department has proposed a new pilot program aimed at improving the predictability of zoning reviews and reducing the need for staff postponements. This move is expected to provide applicants, commissions, City Council members, and community stakeholders more certainty in their pursuits. The article also includes the Austin Business Journal’s most recent ranking of local real estate developers.

Key Takeaways: As the new zoning review program promises to streamline the process, real estate professionals in Austin can utilize this predictable process to better plan development projects, inform their clients about potential timelines, and optimize their strategies for investment and growth.

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Real Estate Transactions & Market Trends

Seabrook Square development to add over 200 units of affordable rental housing in East Austin

Source: KVUE News

Article Summary: The article details a new development in East Austin named Seabrook Square, which will introduce over 200 units of affordable rental housing to the J.J. Seabrook neighborhood. This neighborhood is named after Dr. John Jarvis Seabrook, a distinguished Black educator, pastor, and community leader. The addition of these affordable rental units is a significant contribution to the residential Real Estate landscape in East Austin. The project will expand the availability of affordable housing, which is a pressing issue in Austin’s growing real estate market.

Key Takeaway: This development is vital for real estate professionals to understand the changing dynamics of East Austin’s housing market, providing them the opportunity to strategize and market affordable housing options to potential renters effectively.

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Sun City Texas Real Estate Report September 2023

Source: ActiveRain

Article Summary: The September 2023 Sun City Texas Real Estate Report indicates a significant shift in the local market. The report shows an increase in units sold by 26.7% compared to the prior year, but this didn’t correlate with boosted prices. Instead, average and median sale prices dropped by 12.4% and 7.4% respectively, not following the trend of gently rising prices seen in the previous five months. Days on Market also showed a hefty increase, averaging at 54 days. The Year To Date data also provided shows a similar pattern with unit sales down by 14.6% and average and median sale prices decreasing by 8.4% and 11.2% respectively.

Key Takeaway: Despite the surprising downturn in sale prices after a period of incremental growth, the increase in unit sales in Sun City suggests that this area may be experiencing a buyers’ market, a key insight for real estate professionals to leverage for their clients’ interests and to plan their sales strategy accordingly.

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Firm Capital Apartment REIT Completes Sale of Texas Property for $9.9 Million

Source: Globe Newswire

Article Summary: Firm Capital Apartment Real Estate Investment Trust has successfully sold a property in Austin, Texas for $9.9 million, as initially announced on August 2, 2023. After considering the closing costs, the net sale proceeds of approximately $9.6 million will be used to repay loans and for working capital purposes. The selling price of the property aligns with its IFRS value.

Key Takeaway: This sale highlights the active real estate investment market in Austin, Texas, which can influence investment strategies and property valuations for our readers and their clients in Central Texas.

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Homelessness & Community Support

Austin says shelter is coming for homeless residents. Nonprofits would like a word

Source: Texas Standard

Article Summary: The city of Austin is actively working on increasing the shelter space available for homeless individuals. However, these improvements are temporary and nonprofit organizations, who are instrumental in providing care and resources for the homeless community, have expressed concerns that their input is not being taken into account.

Key Takeaway: Understanding the city’s approach to homelessness and the potential housing shortages can provide real estate professionals with insights into Austin’s housing market dynamics and inform their strategies for future developments.

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Events, Stuff to do

Say Bye-Bye to Bites: How Austin Yards Are Winning the War on Mosquitoes

Discover the scientifically-backed BG-Mosquitaire CO2 trap, a breakthrough in mosquito control technology that's transforming Austin yards into bite-free zones. This highly effective, environmentally friendly solution targets blood-feeding female mosquitoes with precision, significantly reducing mosquito populations and enhancing outdoor enjoyment. Dive into the article to explore how this innovative trap, endorsed by global health organizations, offers a long-term, maintenance-low approach to reclaiming your outdoor space from pesky intruders.

Prompt for DALL·E 3: "Create an engaging digital illustration for an article about the BG-Mosquitaire CO2 trap, a revolutionary mosquito control solution. The setting is a serene backyard in Austin, Texas, with a clear juxtaposition of before and after the use of the trap. On one side, illustrate a family enjoying a barbecue, visibly annoyed by a swarm of mosquitoes under a dim evening light. On the adjacent side, show the same family now peacefully enjoying their outdoor activities in a mosquito-free environment, thanks to the BG-Mosquitaire CO2 trap prominently displayed and working in the background. The trap should be designed to look sleek and eco-friendly, blending harmoniously with the outdoor setting. Include subtle visual cues to Texas, such as a state flag or iconic bluebonnets, to localize the scene. The overall tone should convey relief, satisfaction, and a return to nature's harmony, emphasizing the trap's effectiveness and environmentally responsible design."
Events, Stuff to do

The Heartbeat of Williamson County: Celebrating Dell Children’s Medical Center North

Discover the transformative impact of Dell Children's Medical Center North in Williamson County, a state-of-the-art facility providing critical pediatric care and specialized services right in the heart of north Austin. Celebrated for its community impact and innovative healthcare solutions, this hospital is a beacon of hope for families, ensuring essential medical care is never far from home. Dive into the full story to explore how this center is reshaping healthcare accessibility and what it means for the future of our community.

"Create an uplifting and vibrant image showcasing Dell Children's Medical Center North as a beacon of hope and healing in Williamson County. The scene should be set on a sunny day with the modern, welcoming facility prominently displayed. Surrounding the hospital, diverse families and children are arriving, some on foot, others in wheelchairs, all looking hopeful. In the foreground, a group of healthcare professionals, depicted as superheroes in scrubs, are greeting them with bright smiles and open arms. Above, a banner reads 'Celebrating 1 Year of Miracles.' The landscape includes the beautiful Avery Ranch area, and the parking lot shows signs for free parking, adding a touch of community friendliness. In the sky, a subtle, artistic rendition of a heart pulses with light, symbolizing the heart of Williamson County beating strong thanks to the care provided at Dell Children's Medical Center North."
Commercial, Construction, Real Estate & Construction, Residential

“Trailblazing the Future: Unveiling the Gilleland Creek Greenway Project in Manor”

Discover the transformative Gilleland Creek Greenway Project in Manor, a $30 million endeavor poised to connect NE Metro Park to Ben E. Fisher Park through a 6-mile, lush green trail. Slated for completion between July 2025 and January 2027, this project promises enhanced outdoor enjoyment, community connectivity, and a significant boost in environmental health. Dive deeper into the project's details, its impact on local wildlife, and innovative solutions for a mosquito-free experience—click through for the full scoop on how Manor's landscape is about to change for the better.

For the hero image of this article, imagine a vibrant and inviting scene that encapsulates the essence of the Gilleland Creek Greenway project and the outdoor lifestyle in Austin. The image features a wide, paved trail meandering through lush greenery, with native plants and trees lining the path. The trail is bustling with life—families, cyclists, and joggers enjoy the beautiful day outdoors. In the background, the skyline of Manor is visible, subtly highlighting the connection between urban living and nature. To the side of the trail, an informative sign stands, showcasing the map of the Greenway and highlighting its key features, including the stretch from NE Metro Park to Ben E. Fisher Park. Near the sign, a couple of hikers are examining the map, planning their route. In the foreground, a group of friends is taking a break, lounging on the grassy verge, laughing and chatting, with bicycles lying beside them. One of them is holding a brochure about the Gilleland Creek Pool Project, pointing to it excitedly, suggesting it as their next stop. To subtly address the mosquito control aspect, a discreet BG-Mosquitaire CO2 trap is positioned near the trail, blending harmoniously into the environment. A small plaque next to it explains its purpose, ensuring a bite-free experience for everyone. The lighting is warm, capturing the golden hour, which adds a magical touch to the scene and invites the viewer to imagine themselves enjoying a peaceful and joyful moment on the new Greenway. The sky is clear blue, dotted with a few fluffy clouds, reflecting an ideal day for outdoor activities in Austin. This hero image tells a story of community, connectivity, and the harmonious blend of urban development with natural preservation, encouraging Austinites to explore, engage, and embrace the outdoors, all while staying informed about the exciting developments in their city.
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