The Grand Alps ski resort is coming to Grand Prairie, Texas in 2018. For $215 million, this will be the world’s longest indoor ski run paired with Four Diamond Rock Hotel and restaurant — the perfect getaway for everyone who lives in Texas that doesn’t require a plane trip. There will be activities for everyone including ice climbing, snowboarding, general snow play areas, and runs for beginner, intermediate and expert skiers. If you’re not feeling up to snow, you can head on up to the rooftop pool and deck. Escape the Texas summer heat and experience something exciting & new!
Currently, Dallas encompasses the only Fairmont Hotel in the state of Texas. Set to begin construction this November, Austin welcomes the elegant, 37-story hotel. The hotel will be located at Red River and Cesar Chavez and will be another great addition to the other high end stays that Austin has to offer to out-of-towners. The project is being developed by Manchester Texas Financial Group and financed by Colony Capital LLC. The project is budgeted at $370 million. Fairmeont Hotel will hold 1,060 rooms with 4 levels of underground garage parking and will be featured as the second tallest building on the downtown Austin skyline. The hotel is estimated to be complete in June 2017.
The 700 acre Mueller Community, located near I-35 & Airport Blvd, has slowly developed over the last 10 years featuring some neighborhoods, retail and restaurants. But according to Austin Business Journal, Mueller is about to release their brakes and speed up development x1,000. Greg Weaver, senior vice president of Catellus Development Corp. has been meeting with developers and is very optimistic for Mueller’s future.
What can we expect to see sooner than later? A regional retail center including boutique stores, Torchy’s Tacos with an expansive outdoor patio & bar, and Aldrich Street (a mixed-use area with similar character as the Second Street District downtown). The community is only 40% built out so there is tons of opportunity for contractors, developers and architects. A little further down the road we’ll be seeing multifamily residences, office space, more retail, a movie theater and a hotel. Weaver even hopes to bring on a major corporate campus in the next couple years.
Home prices in Austin set record last month but homes have rebounded from the declines in August and July, increasing sales 10% (in comparison to September 2013). ABOR’s president, Bill Evans emphasizes that this increase in sales is a “testament to the strong population and job growth that the Austin area and its economy continue to enjoy.” However, the prices of Austin homes are continually increasing, making it difficult for Austinites to purchase homes. On November 4, voting will be available for Austin, giving the community an opportunity to to vote for city council members who will focus on prioritizing the housing development and affordability issues in 2015.
Now for the September 2014 statistics:
-2,524 single-family homes sold (10% more than Sept. 2013)
-Median price for single-family homes: $240,000 (8% more than Sept. 2013)
-Average price for single-family homes: $308,514 (7% more than Sept. 2013)
-Average number of days homes spent on the market: 44 (unchanged from Sept. 2013)
-2,586 new single-family home listings on the market (4% more than Sept. 2013)
-6,469 active home listings on the market (8% more than Sept. 2013)
-2,201 pending sales for single-family homes (11% more than Sept. 2013)
-2.8 months of inventory of homes (0.1 months more than Sept. 2013)
-Total dollar volume of single-family properties sold: $778,689,336 (18% more than Sept. 2013)
This exciting 3-day event is almost here, and Austin fans are amped up for all of the fun Formula 1 festivities when they’re not at the race! Two rounds of practicing will take place Friday 10/31 and Saturday 11/1, then the 2014 Formula 1 United States Grand Prix will start Sunday at 2:00 pm sharp. If you can’t make it over to the race, there will be lots of free music going on in downtown Austin all three days. See the line up and full schedule here.
There will be a special event on the Wednesday before the race featuring Daniel Ricciardo and Sebastian Vettel. They will be running a special demo on downtown Congress, showing off the winning 2011 world championship car, and they’re even presenting the opportunity for fans to take a ride.
If you’re attending the race, be sure to double check the Formula 1 website which has all the information race-goers need to know (hotels, parking, race day checklist, bike route and more!)