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Round Rock City Planners want to make the city a more “dynamic place to live” and hope that offering a variety of housing options will go a long way towards making that a reality.
The Depot Townhomes are set to built at South Burnet Street and East Bagdad Avenue, which used to be occupied by Gypsum Builders Supply. The city bought the land from Gypsum when the company relocated and will sell the land to InTown Homes for $425,000.
The company expects to spend $18 million to construct 82 townhomes on the land, which is currently zoned mixed-use. The developers would also like to construct some live-work spaces so residents can run businesses from their residences. The rules in place with the city state that each unit has to be at least 15 feet wide and have two or more parking spaces.
City Council will review the deal at its April 25th meeting and if it is approved as expected, the sale and redevelopment deal will go forward.
Congress Avenue could be getting a makeover soon, the Austin Monitor reports.
The city wants to redesign Congress Avenue between the Capitol and Riverside Drive. The project already has the necessary funds for designing the project thanks to a mobility bond Austinites approved almost five years ago, however construction would most likely need another bond to be passed. Austin and the nonprofit Downtown Austin Alliance are working together to put together the plan.
Another goal for the plan is to improve access for mobility impaired Austinites and visitors. Currently Congress Avenue doesn’t comply with the Americans with Disabilities Act and has lots of trip hazards, non-compliant ramps, and more that make it difficult for people to get around.
If you have an opinion on what should be done, you can give the city your feedback through an online survey and there will also be a public meeting in May. The final report is to be released next year.
Around the country, the number of homes for sale is down from this time last year, except in Texas where there are more houses on the market than there were a year ago, Culturemap reports.
According to Zillow, in the US as a whole, there’s 3 percent less inventory and home prices have increased 6.9 percent over this time last year. In fact, home values hit their highest point since June 2007.
Austin had the biggest increase in inventory, with 24 percent more homes for sale now than a year ago. Home prices track pretty closely to those nationally, 7 percent. San Antonio’s housing prices went up 6 percent and their inventory is up 16.4 percent.
The Dallas-Fort Worth area saw their inventory increase by 4.1 percent and prices go up 11.1 percent, which is the third highest increase in the nation, behind Seattle, Washington and Tampa, Florida.
Houston has 3.1 percent more homes on the market and the price has increased just 4.5 percent.