Army officials are defending nearly $8.5 million in Austin real estate purchases from 2018—around the same time public buzz peaked for the new Army Futures Command headquarters. The military technology hub is now established in Austin, which beat out several other U.S. cities in a process that mirrored Amazon's search for its second headquarters, or "HQ2."
A private company hired by the Army spent $8.49 million on high-end real estate deals in Austin's "second-richest ZIP code," according to Stars And Stripes. Here is how much each property cost at the time:
- $3.4 million
- $2 million
- $1.8 million
- $1.29 million (lot next to one of the commander's home)
The private housing partner Fort Hood Family Housing helped the Army find luxurious properties for three Army Futures Command leaders: the four-star general in charge of Army Futures Command, the command sergeant major and the three-star deputy commander.
Army officials defended the purchase of the four properties as "the right decision ... just given the complexity of the Austin market," presumably referring to the rapidly rising values of Austin properties.
Back in October 2018, for example, the average cost of an Austin home was $308,355. Now the Austin Board of Realtors reports that $355,000 is the median Austin home value, a 15% increase since the Army purchases. That means the combined value of the four properties could be approximately $9.76 million today.
They also dispelled any notion that investments in Austin took away from housing investments at the Fort Hood Army base in Killeen.
"There's no impact to what we're investing in Fort Hood because of the purchase of the homes in Austin," Maj. Gen. Robert D. Harter told Stars And Stripes.
Fort Hood Family Housing was directed to find housing in close proximity to the Futures Command headquarters in downtown Austin, and the properties purchased are all within a 10-minute drive, Stars And Stripes reports. The homes also were slated to be 4,000-5,000 square feet, although at least one home is reportedly smaller than that.
Want to read more stories like this one? Start every day with a quick look at what's happening in Austin. Sign up for Austonia.com's free daily morning email.
- How Austin's affluent suburbs are thinking about the protests ... ›
- Police union launches anti-defund billboard campaign in Austin ... ›
- Man who shot Garrett Foster reveals identity - austonia ›
The roar of Austin FC fans will be heard soon, as the newest Major League Soccer member looks to kick off their season in a brand new stadium in 2021.
- CapMetro targets Austin FC fans about Project Connect stop - austonia ›
- Austin FC's 2021 debut season shines as bright spot for fans ... ›
- Austin FC fans to host Matthew McConaughey in memers-only Q n A ... ›
- Austin FC installs stadium seats, stadium opening in spring - austonia ›
- austin-fc - austonia ›
- 1 1/2 oz Tito's Handmade Vodka
- 1 oz lemon juice
- 3/4 oz simple syrup
- 1/2 oz pomegranate juice
- 1 maraschino cherry
You've seen and heard messaging from the city, transit opponents, and the big money PACs. You've probably read Emma Freer's in-depth, multi-part series, a fact-based exploration of Project Connect—and the tax rate election proposal, known as Proposition A, that would fund it—from multiple perspectives.
Chances are, if you moved to Austin in the past two years, it was probably for a tech job.
- Bay area tech workers eye moving to Austin post-pandemic - austonia ›
- Google delays returning to Austin offices as COVID-19 spikes ... ›
- Tech company Auctane signs lease at new Austin development ... ›
With films like Coco streaming on Disney+ and Day of the Dead Barbies lining Walmart shelves, it is clear that the commercial aspects of Dia de los Muertos are alive and well.
(Chris Caselli/Mexic-Arte Museum)
- 9 Austin business serving Halloween-inspired treats - austonia ›
- CDC guidelines for holidays in 2020 - austonia ›
- Zilker Park Holiday Tree installed, park closes for trail of lights ... ›
Today is going to be a windy one, according to The National Weather Service, which predicted breezy conditions in the Austin area and South Central Texas.
- Saharan dust storm expected to reach Texas this week - austonia ›
- For lovers of all things autumn: - austonia ›
- Hurricane Hanna brings flooding, power outages to southern Texas ... ›
In round figures the 18 active candidates running for the five seats on the Austin City Council raised a quarter-million dollars just in the last few weeks alone and they spent more than a half-million dollars during the same period. Total fundraising to date is nearly $1.2 million.