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Downtown Austin has a variety of condos for sale and apartments to rent. Some new, some old. Some modern, some more traditional. Though for aesthetic reasons we differentiate Austin’s lofts for sale, the Austin building boom over the past decade has made the term “Austin condos” synonymous with downtown.
Start here and compare Austin condos for sale at our sister site TOWERS.
Downtown Austin is where I live, work, and play. I can share the inside scoop on every building in our neighborhood.
Jude Galligan, REALTOR, 512-236-8898, or email me.
Austin condos are available in many sizes, and floor plan configurations, and commensurate broad range in pricing. Average and median pricing in the summer of 2016 is hovering over $500 per square foot. At the very upper end, we’ve observed new construction and luxury condo tower pricing exceeding $1,200 per square foot. Factors such as building age, proximity to the lake, protected views of the lake, and building amenities have a direct impact on pricing.
If you want new construction in the downtown core, then the only buildings currently available with a handful of residences never lived in is the Austonian and recently completed Seaholm Condos. Under construction is Fifth & West Residences, 70 Rainey, and the Independent.
Generally, the higher the floor the better the view, thus prices will increase as you go up. Notably, there is a premium to live close to Whole Foods. This could change when downtown Austin gets a supermarket east of Congress Ave, and one is rumored to be going into the Rainey Street District.
Those with pets and enjoy the outdoors should consider the Milago Condos, the Shore Condos, and other buildings generally close to the trail. If you enjoy listening to live music and like to be near the historical center of Austin consider Avenue Lofts, Brazos Lofts, or The Sabine. Many people want the best views in town and should consider Spring Condos, 360 Condos, or the south facing residences at the W Hotel Condos.
Below are a few examples of downtown Austin condos for sale.
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According to an email I received this morning from the developer, Spring condominiums will complete it’s vertical construction soon and is on pace to be ready for move in by this summer. Word on the street is Spring has more than 60% of the units under contract.
From the announcement…
“Expect to see a tree on the top of Spring Condominium soon. The tree is a tradition, symbolizing a building has reached the top floor of its construction. Spring’s glass envelope will also soon be complete. Once the painters have completed the exterior color coating, most of the tower’s exterior elements will be complete.
Interior work continues with installations of finishes reaching level 25. Over 400 workers are on-site working simultaneously on all aspects of the construction of Spring. From work on the structure to installations of glass windows and walls, flooring, tile, cabinetry, electrical and mechanical to the finalization of the pool deck and lobby design, Spring’s team is combining efforts to complete the building by Summer 2009.“
by jude galligan
The Austin American Statesman is one of two local papers (the other being the Chronicle) that reach Austin’s masses. These newspapers set the agenda and guide the discussion on topics of their choosing. The words printed on the pages of the Statesman, Austin’s most widely read newspaper, have the power to affect the home values and lives of thousands of Austinites. With that power comes responsibility.
Wednesday morning I picked up a Statesman at Jos Coffee and in big bold black letters “Condos caught by crisis at last”, “Breakneck rate on sales of units, construction slows as credit and capital dry up”.
Curiously, neither of those dramatic headlines exist in the online version of the article. In the print edition, immediately to the left, in much smaller font, was the news – the government is injecting $800MM to expand the credit markets.
Shonda Novak is a staff writer at the Statesman and wrote the above article. Shonda has been reporting on Austin real estate for years. If Shonda writes that the sky is falling on Austin real estate, then 100k+ Austin readers look at their spouse and say “Hon, did you see that article in today’s paper about Downtown condos? I’m telling you, Babe, those developers will never sell all those condos! Just wait and they’ll be selling them at twenty cents on the dollar!”
I read and re-read the article. Seeing the print edition headline, I expected catastrophe. Instead, I found nothing at all particularly newsworthy.
Is it possible that the Statesman’s headline was overly sensational?
Taking a similar approach to how I dissected this article, after the jump, I’ve cut/pasted a handful of quotes from the article, and then I explain if that quote is, generally speaking, true, false, or if the quotes are generalizations or simply editorial in nature.