that are addressing the affordability factor
– and many of them are in the hot area of
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 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.
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.
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.
Buyers should also consider some of the
extra expenses that go with condominium
or loft living. Homeowner’s association
fees are just one example. Some amenities
and services are included in your fees – but
not all. If the property you are interested
in offers a 24-hour concierge service, for
example, think about whether that’s a
service you would use and want to pay for.
Always ask about a property’s parking
policy, too. Many properties allow for
only one parking space per bedroom, so if
you own a one-bedroom condo and have
two cars, you will likely need to make
special arrangements to park the second
car. Ask about visitor parking spaces, too
– are they available, or is the only option
street parking? Given Austin’s busy down-town weekend activity, that could be a
There’s no doubt that the idea of working
and playing within easy walking distance
of home is extremely appealing to many.
According to the Downtown Austin Alliance, more than 123, 178 work in the
downtown area; about 10,000 residents
call downtown home; and more than
363,000 people live within a 10-minute
drive of downtown.
There is no particular profile of those who
choose to make downtown their home,
and the population includes many families
and young professionals, not just college
students. It’s a mixture of all age groups
– and all are attracted to the diversity that
downtown has to offer.
Source: Downtown Austin Alliance DowntownAustin.com