Keeping up with Downtown Austin Condos
May 18, 2011 by Katy Duggan · Leave a Comment
After a surge of construction a few years ago, no new major downtown-area condominium projects are on the horizon. We asked developers of five major projects for updates on how sales are going. Combined, the projects have more than 1,000 units.
1. Barton Place
1600 Barton Springs Road
85 of the 270 units have been sold. Another 54 are under contract, said Larry Warshaw, partner with developer Constructive Ventures. Prices range from the mid-$200,000s to the upper $800,000s.
2. Spring
300 Bowie St.
201 of the 248 units have been sold, and 14 more are under contract, according to Constructive Ventures. Prices range from about $230,000 to the high $800,000s.
3. W Austin Hotel
and Residences
200 Lavaca St.
Developer Stratus Properties Inc. reported Monday that 40 of the 159 units have been sold, with another 46 under contract. The sold units went for a total of $38.8 million, at prices ranging from $374,000 to more than $3 million.
4. The Austonian
200 Congress Ave.
Benchmark Development did not provide updated sales figures for the 56-story tower. Last fall, the company said 40 percent of the 178 units were sold or under contract.
5. Four Seasons Residences
98 San Jacinto Blvd.
Developer Post Properties said that 68 units have been sold and 11 more are under contract. The 32-story tower east of the Four Seasons Hotel has 148 units. The remaining units are on the market at prices ranging from the $400,000s to more than $4 million.
