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(Wikimedia Commons)
Oracle founder Larry Ellison
Elon Musk may be moving to Texas, but another tech billionaire isn't following in his footsteps. Oracle founder Larry Ellison announced while he is leaving California, he is headed for blue waters.
We've compiled the latest Austin news and information to help you keep up with interesting stories and breaking news around the city. Here is what we have shared so far this week:
Dec. 15: Housing market isn't matching historic trends this time of year and 4 more headlines you might've missed
(Wikimedia Commons)
Real estate immune to pandemic: Austin's housing market was already hot before major tech companies started relocating here. KXAN reports that record-low housing inventory is causing homes to sell faster—35 days—and at higher levels—$441,000 median sales price—in Austin than usual. Even the usual holiday sales dip seems unlikely this year, experts claim.
Another Silicon Valley departure: Oracle may be moving here, but Oracle's founder is heading the other direction. Billionaire Larry Ellison already moved from California to Hawaii, using "the power of Zoom" to keep connected with the continental U.S. Ellison, the world's seventh-wealthiest person, also has some business interests in Hawaii, Austin Business Journal reports.
Return of The Pier?: Historic restaurant The Pier on Lake Austin could soon return long after being forced to shut down in the mid-2000s, but it won't make any progress until at least January, Austin Monitor reports. The Pier, a Lake Austin restaurant for 47 years, is attempting to reopen at its old location but requires a zoning change to make needed repairs. A Lake Travis version of the restaurant was short-lived.
Tiny desk treatment: Black Pumas recently hosted an at-home, stripped-down set for the Tiny Desk music series hosted by NPR. Playing a Tiny Desk show has become a right of passage for many musicians, adding to the accolades Black Pumas has received this year, including three more Grammy nominations to follow up their Best New Artist nod.
P. Terry's ventures south: The 19th location of P. Terry's Burger Stand will debut Wednesday in New Braunfels, representing the Austin-based chain's southernmost location yet. It's a precursor to P. Terry's first San Antonio location, CultureMap reports, originally scheduled for this fall but moved to summer 2021.
Dec 14: H-E-B responds to reports and 4 more headlines you might've missed
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HEB leadership responds: After last week's report from VICE that anti-maskers caused H-E-B to relax mask enforcement, Austin Business Journal talked with one of the grocery company's executives about mask use in stores and supply chain issues. Just as VICE reported, ABJ learned that mask-less patrons are not forced to leave H-E-B stores.
Country great dies of COVID-19: Charley Pride, a country music legend and trailblazer, died this weekend from COVID-19 complications. Pride, 86, was inducted into the Country Music Hall of Fame 20 years ago, becoming the first Black singer to receive such recognition. He's also one of only three Black members of the legendary country music venue Grand Ole Opry in Nashville. Austin City Limits TV recognized his 1981 performance during Season 6 of the long-running live music series.
Latin voices during the pandemic: Voces Oral History Center has interviewed nearly 100 people as part of its "Voices of the Pandemic" project documenting how the Latinx community members has coped with COVID-19. Austin Monthly profiled The University of Texas project, which began in 1999 well before the pandemic.
Hemp farmers in Hays County: The first-ever Taste of Texas Hemp Cup, a contest recognizing the state's top hemp farmers, took place this weekend in Hays County. Hemp, used to produce legal CBD products sold in Texas, looks like marijuana but doesn't give you the psychoactive effect of THC. KVUE reports the contest attracted hemp growers from the far corners of the state.
Stock cars at COTA: When NASCAR visits the Circuit of the Americas racing venue next year, the entirety of the 3.41-mile road course will be utilized. Originally designed for Formula 1 racing, COTA has 20 turns as opposed to oval track used in most NASCAR races. Jalopnik reports the late May race will be part of a full NASCAR weekend of events at COTA that will also include the Truck Series.
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Popular
Atop one of Austin's signature rolling hilltops, 1501 Ridgecrest Drive is similar to one of the plush palaces that one might find in Calabasas. For $10.9 million, the home has four bedrooms, four-and-a-half bathrooms and caps at 10,498 square feet.
Park in the massive, fully air-conditioned garage before walking in, where you'll have eight full spaces to park your collection of cars. If you're not a collector, the garage makes an excellent studio space.
The wide-open living spaces will draw your eyes to the two-story ceilings, glass catwalk, integrated fireplace and wall of floor-to-ceiling windows that overlook the pool.
Though the house was built in 2011, it doesn't show its age. Sleek, clean lines lead seamlessly from the formal living area to an elite open-plan kitchen. Separated by a 25-foot waterfall island that can seat at least eight people, the kitchen is fitted with only the finest Miele and Subzero appliances. The custom cabinets are just as pricey as the rest of the place, finished with custom high-gloss Aston Martin (you read that right) paint.
(Compass)
Upstairs in the sprawling master's suite, there are enough amenities to never have to set foot outside again. Armani tile floors, space for living and a walk-in showcase closet lead into the resort-style bathroom, where you'll find dual vanities, a walk-in shower and a lounging bathtub.
The bedroom is a quick elevator trip away from the "party" room, complete with a bar, wine room and movie theater, only the best for entertaining. If your guests are staying over, rest assured they'll be comfortable with the kitchenette, washer and dryer and spa-like bath in their suite.
Though summer has passed, you can still enjoy the grand lap pool's unobstructed Hill Country views, many private lounging areas, grill a homemade snack at the outdoor kitchen or shoot some hoops at the newly-added court.
The listing is held by Compass' Gary Dolch.
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