The first phase, with three-bedroom units in the $470,000 range, will deliver in summer 2002, Renee Schwartz, Harris Properties' sales manager, tells GlobeSt.com. Some ground-level units will have an option for an additional 400 sf of living space as an unfinished walkout basement. Prices will begin at $300,000 and go as high as $1 million per unit.

The majority of the units and all of them in phase one will be 2,133-sf three-bedroom, three-bath condominiums, with five of the final units reserved for special build-out features. The second phase will contain two-bedroom units, totaling 1,620 sf, and will carry price tags in the mid-$300,000s. One unit on the property has already been reserved.

Schwartz tells GlobeSt.com that the project and the location near Zilker Park has drawn high interest. "There has been an incredible demand. We put the billboard up on the site, and we were swamped with phone calls. We've had to take a waiting list for brochures," she says. "We've been taking reservation deposits for locations but we won't have firm prices on these units until the construction bids come back in August."

The Spanish Mediterranean-style project is being built on 3.5 acres near Kinney Avenue. The condominiums will be built in eight clusters and complemented by an on-site fitness center.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM Digital Member, you’ll receive:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.