Friday, April 14, 2017
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Monday, April 10, 2017
A company wants to make it possible for Texans to travel from Austin to Dallas in 20 minutes, Culturemap reports.
A company, Hyperloop One, has proposed a high-speed route that will connect Austin, Dallas-Fort Worth, Houston, San Antonio and Laredo. The route is one of 11 proposals from across the country. The company will eventually choose three proposals in the U.S. to go forward with.
The project works by putting passengers and cargo into a pod, which accelerates to 700 miles per hour using electric propulsion through a low-pressure tube. The pod floats above the track through magnetic levitation and is able to glide at speeds reaching that of an airplane for extended distances because of ultra-low aerodynamic drag.
The proposed route through Texas would encompass 640 miles and go from Dallas-Fort Worth to Austin, San Antonio, and Laredo, and east from San Antonio to Houston. Dallas-Fort Worth and Houston wouldn’t be connected because they have a chance at getting a high-speed bullet train.
Hyperloop One is currently testing the technology at a 2 mile long track near Las Vegas. The Texas proposal is being handled by a Dallas-based firm and the proposed track is backed by the University of Texas at Arlington, Dallas Area Rapid Transit (DART), the City of Dallas, Austin’s CapMetro and the U.S.-Mexico Chamber of Commerce.
Looking to avoid Austin traffic and just can’t wait for high speed transit? Give A Plus Apartments a call today at 512-231-1400 to find your dream apartment near work, school, and play!
Thursday, March 30, 2017
Austin’s neighbor to the north has attracted two large companies with financial incentives, the Austin Business Journal reports.
MW Builders Inc., a general contractor based in Kansas, will build a regional headquarters at the 130 Commerce Center mixed-use business park at State Highway 130 and Pecan Street in Pflugerville. In exchange for building a 20,000 square foot facility that costs at least $4.8 million, hiring or relocating 30 full-time employees who make an average of $86,000 annually and have health benefits, and moving their regional headquarters to the facility by July 31, 2018, MW Builders will get up to $75,000.
MW Builders has built the FedEx Ground Building and the Cortec Precision Sheetmetal facility in Pflugerville and it has other offices in Texas in Temple and Midland.
Accent Food Services, currently located out of the Pflugerville city limits, will be moving to an industrial and residential area inside Pflugerville south of State Highway 45. If Accent brings in or relocates 85 full-time employees with an average salary of $55,000, hires at least five additional workers within 4 years, and builds the 55,000 square-foot location by July 1, 2018, they will get up to $150,000 from the city of Pflugerville. That money will be paid $30,000 once a year for the first five years the facility is open. The company, which provides offices with food and beverages, expects the new building to cost $4 million
Wednesday, March 22, 2017
A new report from HomeUnion has put Austin as one of the hottest real estate markets in the country this year, CultureMap reports.
Austin comes in at the 9th spot. It has a large number of millennial renters who move to Austin attracted by the low cost of living and large number of jobs in the tech industry. Its strong rental market is also due to the fact that many of those millennials are well-educated and have a lot of student loan debt, making it difficult for them to save for and purchase a home.
Real estate professionals are investing in projects that are geared towards young families who are employed in the tech and internet industries. 36,000 new jobs are forecast to be added in Austin this year and most of those will be in tech.
There are other insights to the Austin rental market from the report, including that the vacancy rate for single-family rentals is forecast to drop to 3.9 percent. Rent is expected to increase 2 percent from last year to $1,735 monthly and Austin’s employment growth is expected to be 3.6 percent, almost 2 points higher than the rate nationally of 1.7 percent.
Looking to get a jump on Austin’s hot rental market? Give A Plus Apartments a call today at 512-231-1400 to find an apartment that fits your budget and lifestyle!
Thursday, March 2, 2017
The Austin American Statesman reports on the new terminal at the Austin Bergstrom International Airport, which will open on April 13th.
This new smaller terminal will be home to Allegiant and Texas Sky airlines for now, and will eventually be home to more small, no-frills airlines. It will only be accessible from Burleson Road and will be located to the south of the tower.
The terminal was financed through a partnership between the city of Austin and LoneStar Airport Holdings, which will be in charge of the terminal for the next 30 years through an operating lease. LoneStar spent $12 million on renovations in the summer of 2016.
ABIA was built to handle 11 million passengers a year, but served more than 12 million in 2016. The hope is that the new South Terminal will give the main terminal a break from the crush of travelers.
The east side of the Barbara Jordan Terminal is in the midst of a renovation that will add nine gates and cost $350 million when it is finished in 2019.
Allegiant Airlines will be the largest airline at the new terminal. They have nonstop flights to 10 cities, including Orlando, Cleveland, and Las Vegas. Most of Allegiant’s passengers only take one flight a year, so the airline hopes the new terminal will make their trip easier and less stressful.
Texas Sky will also take up operations in the new terminal. They provide a flight to Victoria, Texas, which takes off every day.
The South Terminal will be able to handle a maximum capacity of 36 flights a day, will have two security lines, and will have three gates, which will all be outdoors and covered by canopies. The terminal will also have pre-packaged food and drinks.
The terminal will have airstairs and ramps for entrance to the planes, rather than the standard passenger boarding bridges. That was how planes were boarded in the 1950s and ‘60s, and it is the reason why the terminal has midcentury modern decor.
The terminal will have a unique feature: an outdoor waiting area with a bar and stage for live music. Plans are to eventually have a food truck as well. There will be an indoor waiting area too.
A parking lot in front of the terminal will charge $7 daily for its 1,000 spaces and there will be lanes for taxis and ride share services. A shuttle will connect the South Terminal to the main terminal so flyers can make connections or get to the rental car services.
Tuesday, February 21, 2017
Some lists Austin would rather not make, and ranking 13th on a list of the most congested cities in the country is probably one of the few places Austinites would be glad to give up. The Austin American Statesman reports on the new findings by INRIX, a transportation analysis firm.
The report analyzed congestion in over 1,000 cities around the world and found that Austinites spent 47 hours on average and 12 percent of their driving time in traffic in 2016. That puts Austin as the 13th worst city in the country and the 42nd worst in the world for traffic congestion.
Austin’s designation as capital of Texas doesn’t help either. The report found that the cities that see the biggest traffic jams are capital cities because they usually have the most dense network of roads plus lots of residents, commuters, and visitors.
However, it could be worse. Los Angeles took the top spot for the entire world. Those who reside in LA were in traffic for an average of 104 hours last year.
IH 35 was number six on the study’s list of the Top 10 Worst U.S. Corridors. 23.4 mph is the average speed for the stretch of 35 between Airport Boulevard and Slaughter Lane during the most congested times of the day. That translates into 63 hours of delayed travel.
There is an upside to traffic, though. Traffic means that people are living and working in a city and the economy is thriving.
Ready to find an apartment closer to work so you can avoid Austin’s dreaded traffic congestion? Give A Plus Apartments a call today at 512-231-1400 to find a fantastic new home base!
Thursday, February 9, 2017
A new type of community for renters is breaking ground in the suburbs of Austin, the Austin Business Journal reports.
The communities will be set up like apartments, but will feature free-standing single family homes for rent rather than apartments.
Constructed by AHV Communities, one community is called Legacy and will have 83 homes in Pflugerville. The other is in Georgetown and is named Rivers Edge. The houses at both communities will be three or four bedrooms and between 1,440 square feet and 1,882 square feet. The first units are forecast to be ready by late summer.
Rent will start at more than $1,600, which is similar to new two and three bedroom apartments in the neighborhood with the extra benefit of being a three-bedroom home with an attached two car garage.
Legacy and Rivers Edge will operate like an apartment community, with home and lawn maintenance taken care of by the community’s management. The communities will have shared amenities like a swimming pool, a fitness center, and a dog park. The homes themselves will have high-end finishes like granite counters in the kitchen, energy-efficient appliances, and LED lighting.
The company began building the single family rental communities after the 2008 financial crisis. The demand for the combination of the convenience of an apartment community with the space of a single-family home is very popular at its community near San Antonio, the only other one in Texas.
The company plans more projects for New Braunfels and San Antonio and is looking to do more projects around Austin as well.
The company places new developments in areas with a healthy rental market, jobs, good schools, and family friendly attractions nearby.
AHV has had a lot of success with their unique model in areas where normally neighbors and government would be against apartments. However, by building single-family homes, they are able to get approval.
Need help finding an apartment that works for you and your family? A Plus Apartments can help! Give us a call today at 512-231-1400.