There is an area very few exciting events currently happening in the housing market in Austin. One is the new luxury apartment tower, Legacy at Town Lake. Located on the corner of Rainey and Cummings streets, Legacy, 31-storey, 187 unit tower. Construction is underway by the California-based Legacy Partners Residential Development Inc., and headquartered in New York partner of BlackRock Inc.
Needless to say, this project is enormous, and one of the good things about this is that the diversity of the suites in it means it is accessible to a wide range of people. Suites range in size between 650 an around 2,900 square feet with prices between $ 1,330 and $ 6,939 per month, depending on the level of luxury you want. Even there will be nine units with subsidized rents for tenants whose annual income is 80 percent or less of median income for the city. In addition, there will be a 265-car garage. Legacy at Town Lake should be opened in autumn 2008 and, judging by the quality and diversity must be filled quickly. The parties concerned should consider booking a suite, while still have a choice.
Legacy is not the only exciting new development. There are also a 18-story, 232-unit residential complex is second in the street, and another near the corner of West Fifth and North Lamar.
Further, the sub-area airport market is important in many cities, and Austin will soon join their ranks. 50 million U.S. dollars A new mixed-use development project going on near Austin-Bergstron Airport International. Gateway Airport, as everyone knows, is goig to be situated on 58 acres on the south side of SH 71, the Met Center campus. The project has been proposed by Santa Cross Capital Inc. and is scheduled to include a hotel and 30,000 square feet of commercial space. The remaining space will include a large industrial building and some empty lots acres for the development of the construction of new projects.
Finally, the 22-story building at 301 Congress Ave. has been acquired by Houston-based Hines Interests LP. This building, located beside the historic Davis Square, and is 3 / 4 rent for mixed use retail. It has 24 hour security, enclosed parking, a gym, bank, meeting room, mail room and luxurious lobby area accessible to pedestrians and ground floor. Many retailers suites are still available.
Austin is actually rising, as non-use of space gives way to real estate opportunities. If you want to get on board, please contact me for more information.
About the Author:
Eric Bramlett is a realtor & broker servicing the Austin TX real estate market. Eric provides elite service and information to clients interested in homes and properties in Texas. For more information contact Eric, or visit online at www.ericbramlett.com
Article Source: ArticlesBase.com – Downtown Austin and Beyond: Movin’ on Up
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