On the first of March, the Austin Business Journal hosted their annual 2018 Residential Real Estate Awards luncheon to over 600 attendees. The Boutique Real Estate was honored for placing top 3 in Austin residential sales for group 2 (2-3 licenses). Our agents Anna Hardeman, Noa Levy, and Christine White closed a staggering 58 transactions that totaled $1,750,000 in sales in 2017. We are proud and honored to among the very top producers in our city. Thank you to all of our clients and we will continue to strive for excellence!
Condo Explosion: The Independent unveils latest renderings
May 13, 2015
Owner/Broker, The Boutique Real Estate
Residential condo development is booming after years of stagnation. Downtown Austin has several high-rise condo projects in the development pipeline, including Seaholm Residences, Fifth & West and The Independent.
This week the developer of The Independent released additional renderings and announced that a sales center is opening to the public off West Avenue and Fifth Street. Urbanspace, a real estate brokerage with offices at that location, has been hired as the exclusive listing broker and operator of “The Independent Presentation Center.”
Click on the “related slideshow” link next to the photo to see the latest renderings of the project, which includes a doggie lounge and kid’s playroom. Rhode: Partners is the project architect, by the way.
The tower, with its Jenga-styled cantilevered, off-kilter design has generated a lot of buzz. The developers now want to generate interest – particularly from pet lovers.
“We anticipate many of our future residents will be dog people, and we want to make it as convenient as possible for them to accommodate their pets,” said Perry Lorenz, principal with Constructive Ventures, which is developing The Independent in partnership with Aspen Heights, another Austin company that has made its mark thus far in student housing.
The Independent’s multipurpose pet facility will be located on the ninth floor amenity deck.
Lorenz hopes to compete effectively by providing a variety of condo sizes and prices beginning in the mid-$300,000s. That compares with Fifth & West where prices will start around $500,000. The Seaholm Residences, which begin delivering this summer, had some units priced below $300,000 but that project is sold out.
At this point the developers have yet to announce their financial partners for the project.
Anna Hardeman, the owner and broker of The Boutique Real Estate and an expert in downtown living, said she expects demand to remain robust for both high rise condo and apartment living — despite the high price tags either to buy or lease. Hardeman also isn’t worried about too many projects flooding the market, though uniqueness will play a role in separating the wheat from the chaff.
“If the building has a strong identity and a good story to tell, well-laid-out floor plans with minimal wasted space, great views, useful amenities and pre-sale pricing that leaves room for a tidy profit when it’s time to sell, then you will have their attention,” Hardeman said.
Don’t be surprised, she said, if existing condo dwellers downtown sell their older model for a new one. There may be a cash bonus in doing that.
For example, owners at The Austonian, one of Austin’s premium addresses, can expect to extract more than $800 per square foot, which is pricey even in expensive markets. Locally, newer projects are priced closer to $650 per square foot, Hardeman said.
Under those circumstances, she said, “It is a tempting proposition to cash out of the equity in their current condo and move into the newest, latest and greatest option.”
For those who need financing, Tony Trungale of First Choice Loan Services Inc. has been designated a “preferred lender” for many of the new downtown condo projects. Read more from Trungale about what that all means in the May 15 weekly print edition of Austin Business Journal.
More downtown condos coming? Here’s what the experts say
Sept. 4, 2014
Anna Hardeman, The Boutique Real Estate
Anna Hardeman of The Boutique Real Estate tracks downtown condo sales and says more inventory is needed — in the right category.
Is the downtown Austin condo market heating up after years of being stagnant?
It might seem so now that the Seaholm LLC residential tower is 80 percent sold nearly a year before it’s finished. Listing broker Kevin Burns of Urbanspace is confident the entire project will sell out in the next few months. It’s just a matter of going through the remaining waiting list of 2,000 people to close out the 30-story tower. More about that amazing statistic and the buyer profiles will be published in the Sept. 5 weekly edition of the Austin Business Journal.
But how are condo sales overall at the moment and what’s the prospect for more condo development when much of the construction activity downtown has involved more easily financed apartment projects?
Anna Hardeman, broker and owner of The Boutique Real Estate, crunched some numbers for us, and Charles Heimsath, president of Capitol Market Research, weighs in on the prospect of new for-sale product.
According to Hardeman, thus far 209 downtown condos have sold this year. Compare that to sales completed by Sept. 30, 2013, when 157 condo sales had been recorded. The pace is definitely picking up.
“We need more condos downtown, but they need to be the right kind of condos,” Hardeman said.
In her estimation there are four tiers of product from the highest end luxury condos, which include numerous amenities — such as The Austonian or the W Residences, to the more affordable entry-level projects with few amenities — such as Avenue Lofts and the Railyard Condominiums.
“What we need is the Tier 2 stack,” Hardeman said.
Tier 2 communities, she said, “are higher end buildings minus all the fanfare. (They have) understated luxury.”
She classifies Nokonah, Austin City Lofts and the 555 Condos above the Hilton in that category. The finishes are premium, but the amenity package is not over-the-top. Thus, homeowner’s association dues are lower than the top tier. The proposed Fifth and West Residences that will be built by Riverside Resources falls into that segment, Hardeman said.
“There’s really a lack of this type of inventory currently,” she said.
Could that niche demand encourage new condo development or condo conversions downtown?
“It’s not likely that any of the large downtown properties will convert in the foreseeable future, but I would expect to see more small central core properties convert over the next few years,” Heimsath said.
Though more new condo development likely will evolve, he said, it won’t be on par with the current apartment boom.
“The demand is evident but financing is still difficult,” he said.
Here’s a look at more of Hardeman’s research for the first six months of 2014.
• 157 condos sold
• 55 condos currently on the market
• 78 one-bedroom condos sold
• 73 two-bedroom condos sold
• 8 three-bedroom condos sold
• $119,250 least expensive one-bedroom condo sold (Greenwood Towers)
• $799,000 most expensive one-bedroom sold (W Residences)
• $179,000 least expensive two-bedroom condo sold (Greenwood Towers)
• $1,675,000 most expensive two-bedroom condo sold (W Residences)
• $665,000 least expensive three-bedroom condo sold (Towers of Town Lake)
• $2,537,500 most expensive three-bedroom condo sold (W Residences)
ANNA ANAMI + WILL HARDEMAN | APRIL 19, 2014
“And as is always the case, our moms were right,” Anna Anami says about the relationship between she and now husband, Will Hardeman. After meeting in 2007 and attending UT Austin together, the couple finally began dating in 2012, after years of encouragement from their mothers. One year later, Anna said, “One thousand times, Yes!” to Will’s proposal, and they were married in just four months at The Driskill Hotel, the same place where Will’s parents hosted their own wedding reception years earlier. An elegant spring affair on Easter weekend was the perfect way for the couple to celebrate their romance. Over 400 guests enjoyed both an American and Persian ceremony and feasted on a mix of Iranian and American fare. The cultural traditions were a very important and special part of the wedding day for Anna, as was incorporating several nods to the Easter holiday. The evening culminated in a custom choreographed Viennese Waltz and an Easter-themed dessert bar, complete with a five-tier orange and Grand Marnier chiffon cake. Anna and Will left their wedding lavished in love, surely thanking their mothers for the persistent matchmaking effort that began seven years ago.
There is so much going on this weekend in Austin…we don’t even know where to begin! Check out these awesome events and be sure to join in on the fun!
Le Garage Sale – Who doesn’t love a good deal?! 2 day shopping event that brings together your city’s coolest independent boutiques & designers all under one roof and all at clearance sale prices! You will find unbelievable markdowns at many of your favorite stores AND you will discover new, up and coming retailers with a fresh take on style. Spend the afternoon discovering great deals on everything from shoes to handbags to jewelry, to clothing for men, women and children as well as home furnishings and accessories. Now you can feel good about supporting your local businesses and saving money! January 24-25. @Palmer Events Center
INSIDER’S BONUS: For all new Uber clients, catch a free ride to the event using promo code: LEGARAGE
You’re welcome. 🙂
Texas Roller Derby – It’s full of action, part sport, part entertainment. Never a dull moment and a guaranteed great time! Roller derby 2015 season starts this Sunday, January 25th, at Palmer Events Center with the 2014 Calvello Cup Champions Putas Del Fuego taking on All Scar Army.
A big congratulations to Jennifer and Jeanne Schull and musician Michael Tarabay for the sale of their Waterstreet Loft commercial space! You were a pleasure to work with and here is some bubbly to toast the new year and your sale! Broker, Anna Hardeman, sold 1601 Cesar Chavez St. #101 without ever hitting the market.
Amanda (Mandy) and Oscar Torres are long time friends and we are so excited to welcome them to the Rollingwood neighborhood! Anna lives in Rollingwood and cannot wait for Mandy and her corgi Wallie to join her and some other friends on neighborhood walks to Rollingwood Park. Oscar is the CEO of Tower Rock Oil and Gas, a mineral and royalty acquisition company (www.towerrockoilandgas.com) and Mandy is a Territorial Sales Manager with Argon Medical Devices. They are newlyweds who will build their dream home here and we know it will be beautiful! Thank you for being such great friends and clients.
Austin’s downtown skyline is constantly changing, and it will be changing again soon with the recent announcement of The Independent, a condominium building scheduled to be built on the corner of 3rd Street and West Avenue. It’s rumored to possibly be the tallest residential building in Austin.
The Independent will feature high-end finishes, two levels of amenities including a lap pool, outdoor lounging deck, theater, fitness center and so much more. A variety of floor plans will be available to choose from.
The coveted downtown 1.7 acre location will provide nearly protected views and a wide variety of businesses right outside your front door.
We can’t wait to see this project come to fruition and will keep you informed on all updates regarding The Independent. Contact your @boutiquerealtor for more information and reservations at firstname.lastname@example.org or call us at 512.481.0800.
The Boutique Real Estate had their annual Holiday Party at Trifecta on a beautiful Thursday evening. Friends, family and clients of the @boutiquerealtor team gathered for yummy bites, drinks and fun. The Boutique Real Estate had an exceptional 2014 and we couldn’t have done it without the support from all of our clients. Thank you to everyone that came out for a great time!
Congratulations to #boutiquerealtor Noa Levy on snagging this fabulous property for her buyer client as soon as it hit the market. 102 Nelray is located in the up and coming North Loop neighborhood, featuring great Austin establishments like Drink.Well, Foreign and Domestic and Epoch Coffee to name a few.
We’re so excited for our newest addition to the BRE team, Rachel Trimble. Rachel Trimble, a native Texan, fell in love with Austin while attending The University of Texas at Austin, where she earned her BA in corporate communications. After 6 years of consultative selling in the Austin area, she has decided to pursue her passion for real estate. As an investor, owning properties in Tarrytown and the downtown Austin area, she knows the importance of working with an agent who can understand the clients’ expectations, and help them make one of the most financially and emotionally involved decisions an easy one. She prides herself on looking outside the walls of a home to match a client with the right neighborhood based on their lifestyle. She attributes her success to simply being a hard worker and good listener, coupled with knowing the ins and outs of the market, always staying ahead of the curve.
In her spare time you can find her out on Lake Austin, surfing with her husband, running the trail, hiking the greenbelt with her labrador, and taste-testing every new restaurant.
Welcome to the team, Rachel! We’re so excited for you and can’t wait to see all the great things you’ll bring to the Austin real estate market!
A big congratulations to Noa Levy on today’s closing. With Noa’s expertise of the Austin real estate market, she was able to secure this fabulous new construction home for her client, Art. Art can’t wait to join this East side community and get settled in his new home just in time for the holidays.
Odd Duck – The smell of Butter-Scotch always reminds us of the holidays. Head down to this hip eatery on South Lamar, the ever fast-pace growing area in Austin, for an amazing concoction of scotch and bourbon. You’ll have no regrets!
Qui – If you haven’t been to this East Austin staple, brought to you by innovative chef Paul Qui, RUN, CALL, GO NOW!! And be sure to order their Fall Special, the Shore Leave created with mount gay black barrel rum, lime,pumpkin seed horchata, aromatic bitters (featured above).
Peche – Didn’t know?! Now you know. A downtown Austin hidden gem, Peche is always on point. It may be cold outside, but it’s definitely warm inside their cozy booths. Get toasty with their “Ward 8”. What’s in it, you ask? Gotta go to find out!
Hillside Farmacy – Cocktails not your cup of tea? Don’t fret, and take some time to stop by Hillside Farmacy for some of the best coffee, tea, and virgin sodas. (Their cocktails don’t disappoint either) The ambiance is one of a kind, and is a true representation of the East side vibe. It’s a one stop shop for all!
Thanksgiving is right around the corner! Don’t feel like cooking? Cleaning? Hosting? Not to fret, we’ve compiled a great list of Austin restaurants ready to do all the work for you!
Hudson’s on the Bend – This Austin establishment is known for their spectacular menu of gamey entrees. Seating times for Thanksgiving menu is between 11am-4pm and 6pm-9pm. Located at 3509 Ranch Rd. 620N
TRIO at The Four Seasons Hotel – Their Thanksgiving buffet offers more than 80 different items. Located at 98 San Jacinto Blvd.
Goodall’s Kitchen & Bar – Located at the Hotel Ella, Thanksgiving buffet will be served from 11am-5pm. Located at 1900 Rio Grande.
III Forks – Enjoy a four course, prefixed, traditional Thanksgiving meal between 12pm-8pm. Located at 111 Lavaca St.
Driskill Grill – The Thanksgiving menu consists of a five course meal with family sides included. Taking reservations between 1:00pm-5:00pm. Located at 604 Brazos Street.
Congratulations to our @boutiquerealtor Brooke Steele on today’s closing! Aron and Elyse Trimble are thrilled with their new home. From Houston to Barton Heights and ready to hear some great live music!
Hi guys!! Ane with Hungry Girl Austin, checking in to share with you all the delicious things I ate this week! If you didn’t have a chance to check out my food lineup for ACL, make sure to do so as well before you head to weekend two of the festival!
Cauliflower Buffalo Pizza from Counter Culture
Whenever I get a pizza craving, but don’t want to feel like I’ve spent my calorie allotment for the day, I head over to Counter Culture on East Cesar Chavez for my pizza fix (everything is vegan, and this pizza can be made gluten-free!). I call them just about every Tuesday morning to see what the pizza special for the week is, and last week it was a cauliflower buffalo pizza!! It was incredibly delicious and filling, and the best part is that I didn’t feel the need to take a nap at my desk following my feast.
Tuna Tartare, Brussels Sprouts, and Baby Lettuce Salad from Perla’s
Just look at this spread!! I had lunch with my good friend Sarah who is moving to New York in the next few weeks. Now that the weather is getting a tad bit cooler, we took advantage and had lunch on the patio at Perla’s. We shared their tuna tartare, delicious wood grilled Brussels sprouts, and their Bluebonnet Farms baby lettuces salad. The best way to top off this meal is with one of their lovely rose wines, and their incredibly delicious hush puppies.
Shaved Veggie Salad from Trace at the W
One of my favorite places to go to, especially during ACL or SXSW, is Trace at the W Hotel. It’s great for people watching, and I love their locally sourced food!! I had a chance to go with friends earlier this week and enjoyed their light and delicious shaved veggie salad.
Chicken Mole Enchiladas from Hacienda de Guadalupe in San Miguel, Mexico
Last weekend, I snuck away to San Miguel de Allende Mexico for my cousin’s wedding. While there, I enjoyed a fabulous family lunch at the Hacienda de Guadalupe, a boutique hotel and restaurant that prides itself in serving some of the best interior Mexican food. Their chicken mole enchiladas are delicious, and look at that presentation! It was a shame to have been there for such a short period of time, but it was definitely worth the trip!
That’s it for this week, stay tuned for next week where I’ll highlight the best ACL eats that I enjoy this weekend. If you have any suggestions or comments, I’m all ears and appetite!
We are excited to announce our newest project in Travis Heights.
Woodland Oaks is a private, green community in the heart of urban Austin. Located in the prestigious Travis Heights neighborhood, Woodland Oaks is a stone’s throw from the trendy South Congress restaurant and retail district, Interstate-35, Stacey Pool, and the Lady Bird Lake Hike and Bike Trail. As a resident of Woodland Oaks, you will also live just minutes from Downtown, Zilker Park, and the Capitol of Texas.
The Woodland Oaks community is designed to give its residents a private neighborhood feel in the center of urban Austin. The property is home to numerous 300-year-old trees, for which the property is named.
We have 7 beautiful free standing units left. From 2-4 bedrooms, some with garage apartments. Please contact your #boutiquerealtor for more information.
Haaappy ACL Friday everyone!! In honor of weekend 2 of ACL, I’m going to share with you my food picks for the festival. These are just a few, so make sure to check out my blog to get more in-depth info on what to eat before you make your way to the festival, and make sure to use the hashtag #HGAatACL so I can see and re-gram your great food photos from the festival!
Chi’Lantro will be serving up their incredible kimchi fries (pictured above) either with beef bulgogi or as a vegetarian option. Also, they’re going to have Korean fried chicken and fried tofu tacos that are not to be missed!
Get your taco fix at Torchy’s as they’ll be selling their scallywag taco (made with tender coconut battered shrimp), along with their delicious green chile pork taco as well. They’re also including yummy sides like their street corn and their green chile queso & chips.
A great festival is not complete without some sweet treats and dessert. Make sure to stop by GoodPop for some delicious gluten-free and vegan popsicles, like the watermelon agave and the hibiscus mint.
Chef David Bull
If you’re around for weekend two, Chef David Bull will be around on behalf of the Austin FOOD & WINE Festival, serving up his delicious pork belly bahn mi served with chili mayo, carrot slaw, nam pla, cilantro and mint, a grilled portabella banh mi (a vegetarian option), and his phenomenal truffle pomme frites served with parmesan and a truffle aioli.
Make sure to refer to the official ACL app that can be downloaded to your phone to get all the updates and to see a list of all the other vendors that will be attending the festival. Also, don’t forget the #HGAatACL hashtag so we can see all of your pictures!
What a great night in Austin! Our top agent, Christine White attended the Tribeza Fashion Show. The weather was perfect for such a fun style event on the east side! After the style show we enjoyed nibbles from Chinatown, Fork & Vine, etc and muddled our way to a perfect drink at the make-your-own Cointreau bar! What more could you ask for! Style in Austin has come a long way and it’s fun/refreshing to see us evolve. Thank you Tribeza for including us in this fabulous event!
Hi, Ane with Hungry Girl Austin here, excited to fill you in on the yummiest things I’ve eaten this last week. We got our first taste of fall a few days ago with the nice cool front that blew in last weekend, although I have a feeling it’ll be a few weeks before we feel that again. With that said, I want to fill you in on some new restaurant openings, fall menu changes, and other great things I hope you’ll enjoy!
1). New Fall Menu at Bess Bistro in Downtown
Bess recently had a bit of a chef shuffle, and with new Chef Roman Murphy came a whole new farm-to-table seasonal menu inspired by various international elements to bring us New American Cuisine. I had a chance to preview their new Fall menu this past week, and I’m excited to go back and try more. One of my favorites was their Beef Tartare, served with arugula, parmesan, pickled mustard seed, herb aioli, and lavash–it was excellent!
2). Tacos galore at the new Fork+Taco in Allandale
There are very few cities that I know of that create hype around the opening of a new taco joint opening, Austin being one of them. Opened by an Uchi alum, Fork+Taco opened just this week along the Burnet corridor that I call “restaurant row”. This place is serving delicious tacos made with hormone free beef, pork, chicken, fish, and also has some tasty looking vegetarian tacos as well.
3). My friend Jackie’s ridiculous cheese board worthy of a Bon Appetit spread
How incredible does this cheese spread look? My friend Jackie is currently working on a project, Revista Mujer, and this cheese lover’s paradise is her creation that will be part of the project. She bought all the cheese at Central Market, I couldn’t believe it!! If you want to reproduce this for the next time you’re entertaining, go to Central Market (either one) and ask a cheese monger to help you put the ultimate cheese board together.
4). Flank Steak Spring Rolls and Green Mango & Cucumber Salad from Elizabeth Street Cafe in Bouldin
This is one of my all time favorite restaurants in Austin, I don’t think I have to explain why. But in case you’re not familiar with the place, I love all their food, their delicious coffee and french pastries, the ambience, decor, I could go on and on. Plus, it’s in one of my favorite neighborhoods and pretty close to my house. I love their spring rolls, the flank steak ones being my favorite, and on the day I went to have this meal I decided on a light and healthy green mango and cucumber salad, it was delectable.
Hi guys!! Ane with Hungry Girl Austin here, I hope you’re having a great week so far (I’m definitely looking forward to the “cooler” weekend)!! I’m here to fill you in on some of the best things that I ate this past week, I hope you guys enjoy!
1). Ahi tuna burger from Galaxy Cafe in Clarksville, with sweet potato fries (duh!)
I love Galaxy Cafe, I love that it’s locally owned, and I love that they focus on fresh, quality ingredients. This ahi tuna burger was one of their daily specials, but I’ve seen it often so make sure to call ahead if you’re particularly craving this to see when they’ll have it next (or maybe they can make it for you).
2). Beef Udon bowl from Lavaca Teppan Downtown
Lavaca Teppan is a great place for a client lunch, you will occasionally see politicians there that have walked over from the Capitol, and just other people on business lunches in general. They serve sushi beginning at 5, and have a nice long happy hour that goes from 3 – 7 everyday.
3). Any type of salmon from Celtic Seafare in Dripping Springs
If you haven’t tried traditional Irish kiln roasted salmon, you are in for a treat. Although the business itself is located in Dripping Springs, Sebastien and Stephanie, the owners, sell their salmon at the farmers markets (check the website for more info). I made a healthy, low-carb “rice” dish with one of their applewood kiln roasted salmon steaks (you can get the recipe here). My other favorite salmon that they sell is the Gravlax salmon with dill and peppercorns (slap that on a bagel and add some chopped up onion and capers and you’re in for a treat!).
4). Spicy Chicken bowl from Koriente Downtown
This is the perfect bowl of “bite sized cuts of tender chicken in a delicious spicy marinade served with steamed broccoli and carrots.” I love Koriente because they’re incredibly fast, and they serve healthy meals at a super great price. They also sell Boba Tea or Bubble Tea, and it’s one of my guilty pleasures!
Stay tuned for next week, I’ll continue to show you more food porn and hopefully entice your tastebuds into potentially trying something out that you haven’t before. If you have any suggestions or ideas for me (or something you’d like for me to try), feel free to tweet me and I’ll check it out!