AUSTIN HOUSING AND NEIGHBORHOODS
who are also on a budget. Downtown
projects include Westgate Tower at 11th
and Colorado; Cambridge Tower at
1801 Lavaca; Penthouse Condos at
1212 Guadalupe; the Towers of Town
Lake at 40 N. I- 35; and the Spring Lofts.
Condominiums, and Gables West
Avenue, all of which opened in 1999 –
but it wasn’t until 2002 when the
residential market really exploded.
$255. However, there are some
residential developments in the works that
are addressing the affordability factor –
and many of them are in the hot area of
KNOW BEFORE YOU BUY
Are you ready for the downtown
lifestyle? Downtown living is not a
perfect fit for everyone. Many
downtown residential sales are in high-rise developments, and living in them
requires some adjustment from a
traditional single family home.
In that year, the Plaza Lofts at Republic
Square and West 5th, the Brown
Building lofts on West 8th, and the
luxury Nokonah residences on West 9th
all opened within months of each other.
Since then, countless residential projects
have opened or have been renovated,
including the Austin City Lofts; Avenue
Lofts; Austonian; 404 Rio Grande; AMLI
Downtown; The 5 Fifty Five (atop the
downtown Hilton hotel); The Monarch;
The Milago; The Shore; Posada del Rey;
The Sabine on 5th; La Vista on Lavaca;
The W Condominiums; and others.
Those thinking of making the switch to a
downtown high rise should do a bit of
self-examination. Do you like to walk?
Do you need a yard? Do you need your
car every day? Have you lived in an
urban setting before? Those are all
important questions to consider before
making the move to an urban lifestyle.
While there are some affordable housing
options in downtown Austin, it’s not often
the norm. Price per square foot for most
downtown condos runs about $220-
Residential projects in East Austin – such
as the Saltillo Lofts and Twenty One 24,
among others – are still relatively
affordable, and that’s good for those
who want to be in the thick of things, but
Photo by JerryHayesPhoto.com, courtesy of Urbanspace
114 AUSTIN RELOCATION GUIDE – WINTER 2012 | SPRING 2013