StoryBuilt ex-CEO Avoids Service, New Allegations Revealed
One afternoon in February, Velma Ruth Flynn paid a visit to former StoryBuilt CEO Anthony Siela’s home. Flynn was there to serve Siela with a lawsuit from his former employer, which imploded last summer and entered receivership after running out of cash. Siela and two other StoryBuilt principals stand accused of “egregious mismanagement” and significant […]
Housing Could Rise Next to Tokyo Electron HQ in Austin
More details have emerged regarding the city of Austin’s plan for Tokyo Electron’s former campus, should it follow through with the acquisition of the 107-acre property. As the city considers paying $87 million for the Southeast Austin site, at 2400 Grove Boulevard, it’s clear that it would repurpose the two-building, 189,800-square-foot campus for a second […]
NRP Plans $52M East Austin Apartments
A large national multifamily developer is planning a development in Austin. NRP Group filed to construct a two-building apartment project at 8705 Decker Lane Road in far East Austin. The proposed development will span 486,000 square feet and cost $52 million, according to the filing. Work is slated to start next year and wrap up […]
Austin’s Parking Lots as Potential Development Sites
In most big cities, empty development sites downtown are rarer than two-dollar bills. But in Austin, from Lady Bird Lake to the Texas Capitol, sites like that dot the central business district. To find them, just look for the cars. In the roughly 130 city blocks that are zoned as Austin’s central business district, there […]
YIMBYTown 2024 Takes Austin
Electric bicycles are an unlikely cause for applause, but when Felicity Maxwell wheeled a battery-powered Trek onstage at YIMBYTown 2024, the crowd went wild. This year, a crew of some 500 urbanists, developers and housing advocates met in Austin for two days of sessions aimed at finding ways to make more of their neighbors say […]
Austin Launches Development Bonus Program
Austin has launched a program aimed at streamlining the development process and addressing the city’s affordable housing shortage. Developers that partake in the program, called DB90, would be allowed to build as high as 90 feet on commercially zoned properties, in exchange for offering on-site affordable housing, the Austin Business Journal reported. Approved by the […]
