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Search resuls for: "Austin Business"


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☆ It took an Austin developer 4 years to build 4 small homes that he made no money on as the city struggles to bridge the gap between tiny apartments and pricy houses
  + stars: | 2024-04-06 | by ( Eliza Relman | ) www.businessinsider.com   time to read: +11 min
AdvertisementFor decades, the city's restrictive zoning and land-use policies have made missing-middle housing almost impossible to build. But there aren't many options, particularly for homeownership, between mostly high-end apartments and prohibitively expensive single-family homes. But he's concerned the law won't do enough to shorten the permitting process for missing-middle housing construction. The HOME Act will encourage the construction of smaller single-family homes and promote density, making housing — particularly homeownership — more affordable. Turner just wants the city to "level the playing field" for developers who are willing to build missing-middle housing.
Persons: —, Scott Turner, Turner, Austin's, Austin, Eliza Relman, that's, he's, Brennan Griffin, Joe Sohm, Brandon Bell, Greg Anderson, Anderson, there's, It's, Nicole Nabulsi Nosek, I've, townhomes Organizations: Service, Business, Riverside Homes, Austin, Austin Business, Texas, HOME, Austin Habitat, Humanity, Texans, Reasonable, Democrats Locations: Austin, Austin , Texas, Texas, Manor, Georgetown, City Hall
☆ Tesla's mysterious 'Project 42' might be a glass house for Elon Musk, report says
  + stars: | 2023-07-11 | by ( Sindhu Sundar | Grace Kay | ) www.businessinsider.com   time to read: +2 min
A Tesla project that led to an internal review could be a home for its CEO Elon Musk, WSJ reported. Tesla board members were involved in investigating the order, WSJ reported. An opaque project within Tesla dubbed "Project 42" might be getting some transparency — the endeavor is said to involve a glass house for Elon Musk, The Wall Street Journal reported. It's not clear if the building project is still in the works, or whether the glass order was ever delivered, the Journal reported. It's also not clear what role, if any, Afshar still holds at Tesla (though an email that Insider sent to his Tesla email account did not bounce back).
Persons: Elon Musk, Tesla, Omead Afshar, Musk, It's, Insider's, Afshar, Tesla's, Robyn Denholm Organizations: Morning, Elon, Street Journal, Bloomberg, Twitter, SpaceX, Austin Business Journal, WSJ Locations: Texas, Austin
☆ Elon Musk plans to build hundreds of homes for workers in Texas on streets including Boring Boulevard
  + stars: | 2023-02-12 | by ( Sam Tabahriti | ) www.businessinsider.com   time to read: +2 min
The Boring Company is working with a construction company to build housing near Austin, Texas. County documents show the subdivision has streets named Boring Boulevard, Cutterhead Crossing, Waterjet Way, and Porpoise Place. The land is owned by Gappes Bass LLC, a company affiliated with The Boring Company, according to online records. Adam Pashaian, a corporate controller for the Boring Company, is also registered as an agent for Gapped Bass. The Boring Company, Lennar, and Bastrop County didn't respond to requests for comment from Insider, made outside normal working hours.
☆ Tesla plans to spend more than $770 million on Texas factory expansion
  + stars: | 2023-01-10 | by ( Lora Kolodny | ) www.cnbc.com   time to read: +1 min
A giant cowboy boot is on display outside the Tesla Giga Texas manufacturing facility during the "Cyber Rodeo" grand opening party on April 7, 2022 in Austin, Texas. Tesla has registered with the state of Texas to expand its electric vehicle factory in Austin this year. January filings with the Texas Department of Licensing and Registration reveal that Tesla plans to spend upwards of $770 million on the construction of facilities there, including for battery cell testing and manufacturing, cathode and drive unit manufacturing, and a die shop, among other things. The Elon Musk-led automaker officially opened its Texas electric vehicle and battery factory in April 2022, hosting a "cyber rodeo" party for shareholders and fans there. Today, Tesla manufactures some of its Model Y crossover utility vehicles in Austin, and plans to mass-manufacture its science fiction inspired Cybertruck, an unconventional pickup, there as well.
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