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Downtown Austin Real Estate Grows Up
friend of mine joked the industries vital to residents in
other day that Austin successful urban settings are
should adopt its own state being added. Downtown life in
bird, because “I’ve never seen so Austin also offers priceless
many cranes in town.” He was aesthetic amenities such as Town
right; a look at Austin’s skyline Lake and Auditorium Shores, with
includes at least ten to twelve its extensive hike and bike trail
behemoths towering over the and expansive green spaces, and
city’s banks and office buildings of course, access to Austin’s
like harbingers of change in the world-renowned music scene. Whole
city we call home. Downtown Foods’ flagship store at 6th and
Austin is undergoing a re-birth Lamar offers unlimited choices
that will add significantly to for gourmet foods, and nearby
its reputation as a mecca for shopping choices include some of
musicians, artists, students, and the nation’s most recognizable
tourists. Within the next three labels and retailers, alongside
years, Downtown Austin will the funky, eclectic boutiques
become the home address for as that are trademarks of the “Keep
many as 25,000 new residents. Austin Weird” movement.
Austin is growing up. Literally.
For individuals seeking the best
The Urban Luxury Loft movement that Austin has to offer,
has begun in Austin, Texas, downtown living may be the “next
offering alternative and big thing.” Notable among the
attractive lifestyles for many of projects presently in
the city’s 67,000 downtown construction, or near completion,
employees. Along with is The 360, at the corner of
condominiums, town homes and Nueces and 3rd Streets, a 40
rental units, retail space, story, 420-unit condominium tower
restaurants, and other service that also includes 10,000 sq ft
of street-level retail space. The under construction in various
construction site has transformed quadrants of downtown Austin
an abandoned parking lot into a include:
prime residential property. The
tower, scheduled for completion The Monarch, a 24 story,
in the fourth quarter of 2007, high-rise luxury rental property,
offers such amenities as floor to including 305 residential units
ceiling glass walls, balconies, and 9,000 sq ft of retail space,
10 ft ceilings, 24-hour concierge overlooking Shoal Creek on the
service, a full sized pool, as western edge of the Central
well as upscale fitness and Business District.
social centers. The 360 offers
comparatively reasonably priced The Shore, a 22-story condominium
one-bedroom units at under project of 192 units built above
$200,000 and two bedroom units five levels of parking, located
beginning below $250,000. at Davis and Red River, near the
Convention Center on the eastern
Austin Mayor Will Winn has quadrant of downtown.
commended the Novare Group 360
Project for their use of Bridges on the Park, a 6 story
underutilized downtown space. 105 unit condominium project,
“Novare Group is transforming an that includes an out door pool,
abandoned location into a courtyards, and 9000sq ft of
magnificent example of urban street level retail. This
infill,” and that “The city has property is Located on S.. Lamar,
built the foundation for an just south of Town lake, and is
active downtown where Austinites offering 850 sq ft units at
can live, work and play.” $200,000 and up, with 1650 sq ft
units priced at $550,000 and up.
Other notable projects currently
About the Author:
Nancy Drew recommends Eric Bramlett's Austin Texas Real Estate Guide, his Austin Real Estate company’s website, & his Downtown Austin Real Estate Guide.
Read more articles by: Nancy Drew
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