New Developments in Austin TX 2024 Part 2

In part one of this series, we explored some of the most anticipated developments coming to Austin this year. But that’s just the tip of the iceberg! Buckle up because we’re diving into five more exciting new developments in Austin, TX.

Downtown Austin Real Estate Market Watch

As of April 2024, the median number of days to sell a home in Downtown Austin was 58. It is important to remember that real estate trends are always changing. Contact Capital Downtown Realtors for help buying and selling homes in Austin, TX.

5 More New Developments in Austin TX

1. I-35 Capital Express Central

A massive $4.5 billion overhaul of the infamous I-35 highway is about to begin. Stretching from Highway 71 to US 290 E, the project aims to improve traffic flow by widening and lowering road sections. But that’s not all! The Texas Department of Transportation (TxDOT) plans to add “caps” and “stitches” above the highway. It will create dedicated spaces for pedestrians and cyclists to navigate the area safely.

2. Sixth&Blanco

West Sixth Street is getting a major makeover! Say goodbye to Clarksville because a new mixed-use development called Sixth&Blanco is coming. This two-acre project will feature five stories of retail shops, a bespoke hotel, and ten luxurious residences. Popular spots like Swedish Hill went on hiatus to make way for construction.

Designed by world-renowned architects, this development is poised to become a landmark destination. Construction starts in early 2024, and the residences will open in 2026.

3. The Confluence

Nature lovers, rejoice! The second phase of Waterloo Greenway’s ambitious plan is underway. This project aims to transform Waller Creek into a beautiful 1.5-mile greenway through Downtown Austin. This phase focuses on the southernmost stretch, adding three pedestrian bridges, more walking paths, and plenty of new green spaces. The project will include planting over 1,550 new trees to create a lush green corridor for residents and visitors.

4. The University of Texas at Austin Medical Center

It’s time to bid farewell to the Frank Erwin Center. Crews carefully take down the nearly 50-year-old arena to make way for something new. It’s a hospital built in partnership with MD Anderson, the country’s leading cancer treatment center. This $2.5 billion project also includes a second hospital tower, further strengthening Austin’s booming Innovation District.

5. Historic Sixth Street Restoration

Get ready to see a revitalized Sixth Street! Stream Realty Partners, which owns a significant portion of the historic district, plans to restore and renovate several buildings. Expect refreshed architecture and a renewed energy along this popular entertainment strip.

What does this all mean?

Austin is booming! These projects demonstrate the city’s growth, from improved transportation and healthcare advancements to beautiful green spaces and preservation. The future of Austin looks bright, with something for everyone to enjoy.

We Love Downtown Austin Real Estate!

Are you considering buying or selling a home in the Austin area? We’d love to help you! Click here to contact our team, and we’ll contact you promptly.

Would you like to see more great info from Capital Downtown Realtors®? Please visit the Capital Downtown Realtors® blog page. To get to know my team, visit the Meet the Realtors® page.

Thanks for visiting!