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Top Story
Lucid Private Offices to offer coworking space in Northwest Austin

Pre-leasing is now available for Lucid Private Offices, a new coworking space situated between The Domain and The Arboretum in Austin. 

The overview: A filing with the Texas Department of Licensing and Regulation shows that StoneBridge Plaza II, a nine-story corporate building on North MoPac, is in the midst of a $1.8 million renovation project for the new offices. Lucid Private Offices will occupy the entire ninth floor of the building, holding 83 private offices, 12 team suites, four conference rooms and a dedicated library focus room, according to the company’s website.

Space can be leased by individuals or teams of employees. The facility also plans to offer day passes for people to rent a desk or an office by the hour or by the day. Lucid Private Offices provides 24-7 access to private suites, enterprise-grade Wi-Fi, freshly brewed coffee, free printing, a professional receptionist, community events and furnishing options.

The company has locations in Texas, Georgia, Arizona and Tennessee, including several in the Dallas-Fort Worth area as well as in Houston.

  • Opening in November

 
In Your Area
Where Austin property taxes go this year

Austin homeowners will see five local taxing entities on their bills this fall, with falling property values shaping each rate decision. For a $500,000 Austin homestead, the five entities add up to about $8,215 this year. Two entities set rates below their no-new-revenue rates, while three went above.

  • The City of Austin adopted a rate of $0.579948 per $100, the maximum allowed without an election.

  • Travis County adopted a rate of $0.386210 per $100, which is above its no-new-revenue rate.

  • Central Health set a rate of $0.132863 per $100, with new revenue designated for mental health care.

  • Austin ISD adopted a rate of $0.9184 per $100 of taxable value, which is below its no-new-revenue rate.

  • Austin Community College adopted a rate of $0.103643 per $100, falling below its no-new-revenue rate.

This year's tax bills are due Feb. 1, 2027.

 
Stay In The Know
Experts: Hardening homes against disasters could drive down Texas home insurance costs

The average annual insurance premium for a Texas homeowner rose 79% in six years, from less than $2,000 in 2020 to more than $3,500 this year, Texas Insurance Commissioner Amanda Crawford told state lawmakers Oct. 5.

The overview: The rise in home insurance costs has been caused by severe weather, high inflationary costs impacting home repairs and "the concentration of risk" in the insurance market, Crawford said.

Experts said hardening homes against severe weather could help reduce expensive losses from disasters, resulting in lower insurance premiums.

Zooming in: Proponents of home-hardening incentives have pointed to their success in other Gulf Coast states, such as Alabama. Texas consumer advocacy groups and the insurance industry backed proposals to create a similar grant program last year, according to previous Community Impact reporting, but those measures did not pass.

"Resilience helps homeowners long before it shows up in an insurance bill because a stronger home holds up better when the storm comes," said Chelsea Stallings, a regional vice president for the National Association of Mutual Insurance Companies.

 
Metro news Monday
COTALAND water park, restaurant news: 6 trending Austin-area stories

Read six trending Austin-area stories from Oct. 5-9.

  1. Scrambles now open in Pflugerville

  2. Gringo's Mexican Kitchen coming to Northline

  3. COTA sets sights on water park, resort

  4. Project LeanNation now open in Georgetown

  5. Ascension Seton acquires 3 Family Health System facilities

  6. Austin leaders look to local preparations as air taxis take off in Texas

 

Your local team

Grant Crawford
Editor

Taylor Caranfa Stover
General Manager

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