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Legacy On The Lake – first tour with video

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I received an email last week that the new Legacy On The Lake residences were open for business, ready to lease, and offering tours of the building.  This would be a good opportunity to preview a building that seems to have been under construction forever.  So, I grabbed my camcorder and headed over.  Located at 43 Rainey street, the Legacy is the third building, along with the Shore and Milago, to join the Rainey Street neighborhood in the past three years.  With 31 floors, the Legacy towers over the lake. The views are what you would expect at that height – amazing.

Videos after the jump!

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La Vista on Lavaca picks up new investors

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La Vista on Levaca - back on track
La Vista on Lavaca - back on track (?)

For a few months La Vista was turning dirt, blocking streets, and looked like a real development. Then…nothing.  Radio silence.  In early 2008 rumors began to trickle through the real estate community that prices for these condos would average $500psf.  Some would consider that hubristic price for a location that has been overlooked for years.  Located at 18th & Lavaca, this project sits between three major economic zones – Downtown Austin, the Capitol, and UT.  This location, historically underutilized, could be the perfect fit for lawyers, lobbyists, and [tenured] professors.

I imagine the terms on this deal are pretty favorable for the new investors.  This is great news for Downtown and UT.   If, in fact, La Vista on Lavaca reaches completion, it has the opportunity to revitalize the area surrounding it.  Fingers crossed.

more about this story can be found at the Austin Business Journal