Austin, TX
AOG Living Breaks Ground on Novum Capital View in Austin, Texas
Firms Begins their Second Development Project in the 55+ Market
HOUSTON, Oct. 31, 2024 /PRNewswire/ — AOG Living has broken ground on their second active adult community, Novum Capitol View in Austin, Texas, adding an additional 168 units to its growing development portfolio across the nation.
Developed by AOG Living and financed by CBRE, Novum Capitol View is slated for completion in late 2025. The 55+ luxury community is located at 9009 Capitol View Drive in Southeast Austin and offers a mix of studios, one-bedroom and two-bedroom apartments. Designed by architects Humphreys & Partners, the community will offer amenities such as weekly programming and activities, saltwater pool, dog park, community gardens, putting green, grilling station, yoga/aerobics room, hair/nail salon, fitness center, multi-purpose activity room, theater and game lounge, and air-conditioned storage units. AOG Living will also provide management for Novum Capitol View.
“We’re excited to leverage our experience in construction and development of Class A properties as well as our management experience of both Class A and senior living communities with our new, active adult community platform,” said Justin Hunt, Investment Associate at AOG Living.” AOG Living Chief Executive Officer Ricardo Rivas continued, “This project represents AOG Living’s ongoing expansion and dedication to serving diverse housing needs. We look forward to bringing our quality standards, community-driven values, and innovative property management as we expand our footprint in the Austin area.” For more information visit aogliving.com.
About AOG Living
AOG Living is a leading fully integrated, multifamily real estate investment, construction, and property management firm headquartered in Houston, Texas, with additional offices in Dallas and San Antonio. AOG Living has acquired, built, or developed more than 20,000 multifamily units with a total aggregate value of approximately $2.4 billion and has a growing portfolio of more than 35,000 apartment homes and 170+ properties under management throughout the nation. For more information, visit aogliving.com.
For More Information Contact:
Carrie Saks
[email protected]
713-622-5844
SOURCE AOG Living
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Austin, TX
Lakeline Mall shooting: APD release video of suspect
CEDAR PARK, Texas – Austin police are still searching for the suspect involved in a shooting at Lakeline Mall on Thursday.
Police said on Jan. 2, around 3:55 p.m., officers responded to an incident inside Lakeline Mall in Cedar Park.
The suspect and a victim left the mall immediately after the shooting.
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Initially, police said, there was no indication of any injuries. However, it was later determined a victim had minor injuries and self-reported to the hospital after leaving the mall.
A photo and video of the suspect has been shared by police. They described the suspect as a Hispanic man in his late teens to early 20s. He was last seen wearing a black hoodie, dark pants, and dark shoes.
If you have any videos, photos, etc., Austin police are asking people to share them by scanning the QR code below.
Anyone with any information should contact APD’s Aggravated Assault Unit at 512-974-5245. You may submit your tip anonymously through the Capital Area Crime Stoppers Program by visiting austincrimestoppers.org or calling 512-472-8477. A reward of up to $1,000 may be available for any information that leads to an arrest.
The Source: Information from the Austin Police Department
Austin, TX
ERCOT says grid is prepared for freezing temperatures
AUSTIN, Texas — Snow shovels may not be needed next week, but Spectrum News meteorologist Dan Robertson says northeast Texas down to San Marcos should prepare for colder weather.
“In this particular case, the freezing temperatures will mainly be overnight, early morning, and each afternoon most of the state will rise a little bit above freezing,” said Robertson.
Officials with the Electric Reliability Council of Texas expect the grid to be adequate in a winter storm. However, there is a 50 to 80% chance of rolling blackouts if a storm lasts several days.
ERCOT said in a statement that it is “closely monitoring the winter weather conditions moving into Texas next week. Grid conditions are expected to be normal.”
“One of the things that we don’t really know for sure is how long this is going to last, these polar air masses being very dense and heavy. They tend to get into the area and then just hang around until something comes along to push them out,” said Robertson.
In correlation with low temperatures, ERCOT forecasts show an increased energy demand early next week. Energy expert Ed Hirs predicts the power plants will remain operable, but at a cost to consumers.
“If a few of these plants don’t show up, then the price across the grid will go from, say, $50 a megawatt hour to $5,000 a megawatt hour, or in wholesale terms for the consumer, it will go from 5 cents a kilowatt hour to $5 a kilowatt hour,” said Hirs.
Competitive pricing for consumers is why the Rio Grande Electric Co-op, which owns power lines across 18 Texas counties, wants to connect its New Mexico consumers to the Texas power grid.
“Connect to ERCOT, then we have a bigger pool to, you know, find better pricing, a better source,” said Theresa Quiroz, CEO at Rio Grande Electric.
ERCOT and the Public Utilities Commission of Texas, which regulates the grid, oppose the out-of-state connection.
In a filing, PUCT warns that Rio Grande Electric’s request could trigger federal oversight and “disrupt the jurisdictional status quo for ERCOT and the utilities operating in ERCOT that the PUCT regulates.”
“We can’t leave our members out in the dark,” said Quiroz.
In November, Rio Grande Electric asked the Federal Energy Regulatory Commission to determine whether connecting its New Mexico customers to ERCOT would require federal regulation.
“In our filing we talk about hypothetical projects that could come to fruition if, you know, the FERC matter gets resolved and they give us permission to move forward. Now, once we get that, then we go to the Public Utility Commission with an actual project that they can review, dissect and inform us which direction we need to go in,” said Quiroz.
But energy experts warn federal oversight may be unavoidable if ERCOT can’t keep the power on this winter.
“I would expect that President Trump is going to make an effort to throw ERCOT under federal oversight and regulation, simply because this is a huge national security issue for this country,” said Hirs.
As the freezing weather moves closer, power plants are required to weatherize equipment, and Texans are advised to weatherize their homes.
“The main thing is to make sure that your heating ventilation system is well-functioning and is ready to be tested over the next seven days or so,” said Robertson.
Austin, TX
Lakeline Mall Shooting: Austin Chief gives update
Austin Police Chief Lisa Davis gives an update on a shooting at Lakeline Mall in Cedar Park. Davis says a shot was fired at the mall’s food court, but no one was hit and no one was injured. The mall was placed on lockdown for a time.
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