The skyline and other parts of Austin will see some changes this year with new developments set to open.
From tech giants set to welcome workers to housing for UT students, these are some projects to look out for in 2022.
Block 185 | 601 W. 2nd Street
After about three years in the works, Google workers are expected to take over Austin’s tallest office tower. It is slated to be complete in May. Plus, we'll see Uchi's newest restaurant Uchibā take post in the building.
The sailboat-inspired downtown building is expected to stand at 594 feet. Also included is a creekside tenant amenity, retail space and a boardwalk. The tower will also feature outdoor roof areas for prime views of Lady Bird Lake.
Apple Campus | West Parmer Lane and Dallas Drive
Thirty years since Apple first established a presence in Austin, the company is set to deepen its roots with a $1 billion campus in Northwest Austin. Apple has previously said employees will start reporting to the campus sometime this year, though COVID-19 has caused delays to in-person work.
The 133-acre campus, near its office on West Parmer Lane, includes 2 million square feet of office space, a 192 room hotel and space to bring in 5,000 employees.
Waterloo Central tower | 701 E. 5th Street
In July 2020, Hippo Analytics, a California-based property insurance company that uses AI and big data to analyze property information, signed a lease at the five-story office tower.
With a curtain wall glass design taking up 39,000 square feet, this project is expected to be completed sometime in Q2.
Moody Center | 2001 Robert Dedman Dr.
In replacement of the Frank Erwin Center, this $338 million arena will be able to seat 10,000 for Texas Longhorn basketball games and up to 5,000 more for other events. It will make its official debut in April.
The arena takes its name from the Moody Foundation, which gave $130 million toward construction.
Concerts have already been booked, including a first performance by John Mayer and a George Strait and Willie Nelson show. Click here for scheduled events so far.
Waterloo West Campus tower | 2400 Seton Ave.
With 241 units spanning 30 stories, the $77.6 million student housing complex in West Campus will be the tallest tower in the neighborhood at 300 feet. An exact completion date has not been announced.
Lincoln Ventures, the Austin-based developers behind the plan, have said 20% of units will be affordable housing with the remainder going at the market rate. The building will include amenities fit for college students, including conference rooms, a rooftop terrace with a fitness center and a complimentary coffee bar.
RiverSouth tower | 401 S. First St.
Stream signs powerhouse law firm as the first tenant for its signature Austin project, RiverSouth. International law firm Baker Botts has signed a 12-year lease to assume 50,000 square feet of the 350,611 square-foot office tower. http://bit.ly/rs-bakerbotts\u00a0pic.twitter.com/1RhiQqaa4D— Stream Realty Partners (@Stream Realty Partners) 1559597880
Located at the intersections of South First Street, West Riverside Drive and Barton Springs Road, this 15-story office building will be finished next month and start move-ins in May. Taking up 17,000 square feet, it includes an underground parking and bike storage, a fitness center and a lounge with skyline views.
The developer, Stream, said the leasing demand “has been nothing short of remarkable.” Already, 50% of the building is pre-leased to tenants such as AlertMedia and some Austin-based businesses.
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So you want to buy a house?
To anyone trying to get on the "housing ladder," it's been a discouraging couple of years as prices skyrocketed in a market crowded with buyers bidding against each other for just about any available home.
Things may be calming down, with the Austin Board of REALTORS reporting fewer sales and more available homes this summer.
Mortgage rates have more than doubled in the last year, from around 3% to well over 6% on a 30-year fixed rate loan, getting even more of a bump this week after the Federal Reserve raised bank rates on Wednesday.
So how affordable are homes right now? That, of course, depends on what you want and how much you're able or willing to pay, but here are some rough estimates of what a typical buyer would pay to buy a $650,000 home, which would be considered "mid-price" in today's market.
Mortgage banker Chris Holland (NMLS 211033) of Austin's Sente Mortgage ran some numbers for Austonia to illustrate a typical purchase.
Holland says that while the 30-year fixed rate mortgage is often mentioned in the media, the most popular loan that he's seeing now is a 7/1 adjustable rate mortgage, which has a fixed rate for 7 years and then adjusts every year based on market rates, with a limit on how much it can increase each year. The interest is amortized over a 30-year period. Adjustable Rate Mortgages (ARMs) offer lower rates than fixed rate loans.
Here are the numbers, which are examples. In practice, exact numbers vary with a buyer's credit rating and overall financial situation, and with the rate, which can move up or down at any time.
- $650,000 home purchase price
- 7/1 ARM at 5.875%
- 5% down payment, equals $32,500
- 95% financed, equals $617,500
- $4,990 payment, including principle and interest (P&I), insurance, and property tax
- Typically, a borrower's debt to income ratio needs to be at or below 45%. So for this mortgage, a borrower, or borrowers, would need income of roughly $11,100/month, or $133,200/year. That number could be higher, depending on the buyer's outstanding credit balances on things like credit cards and car loans.
Holland says he's had a lot of clients approved for loans who were house hunting but have put that on hold, hoping prices come down.
Camp Fimfo Waco, a brand new camping resort, is kicking off football and fall camping season in style! With top-notch amenities, premium accommodations, and 10 weekends of fall fun, there’s no better place to have a fall camping getaway, especially if you’re a Baylor football fan!
Fall promises to be a one-of-a-kind camping experience. From Sept. 16 to Nov. 24, weekends will be packed with fall-themed activities, including special Halloween weekends in October. Campers can enjoy activities like fall crafts, campground trick-or-treating, costume contests, site decorating, outdoor movie nights, and more!
Packages and Ways to Stay
Camp Fimfo Waco
Located just 5 miles from McLane Stadium, Camp Fimfo Waco is the perfect place to stay during home game weekends. Skip the stuffy hotel room and embrace the great outdoors before cheering on the Baylor Bears! Campers can purchase a Baylor Tailgating Package that includes a pre-game meal from Executive Chef Sean Kelley and transportation to and from the game! Chef Kelley will also be cooking up delicious, elevated tailgating meals near the stadium so make sure to check out The Plaid Plate food truck before the game.
Stay in style and comfort, no matter your camping preference! At Camp Fimfo Waco, there are multiple ways to stay. Red Carpet RV sites come with a concrete pad and patio, full hook-ups, cable hook-up, a charcoal grill, fire ring and fire pit. Back-in or pull-thru options are available, as well as coveted spots tucked along the Bosque River!
Don’t have an RV? Not a problem, Camp Fimfo Waco has cabins too! Book a Riverview Firewheel Cabin if you’re looking for an air-conditioned oasis for the whole family. Complete with a kitchen and private bathroom, this cabin can fit up to 10 people. Elevate your stay by adding on a golf cart or snag a private cabana by the pool for guaranteed shade. With wifi available throughout the park, you can stay connected during your stay!
Amenities and Activities
Camp Fimfo Waco
Camp Fimfo Waco features lots of amenities to fill your days with fun, whether you’re a kid or kid at heart. After challenging your friends to a game of pickleball, basketball, or mini golf, go for a dip in the resort-style, heated pool - open daily through October! Stay on the weekends through October to enjoy the interactive splash playground. With plenty of ways to burn off energy, like the jumping pillow or playground, you can be sure to end the day with a peaceful night around the campfire!
Right now, you can get the fourth night FREE when you book three nights with the promo code BONUS! Check out the Offers page for full details and more promo codes!