Residential downtown Austin is an exciting and newly developing area. The land area has not changed much from the original plat in 1838. It is bounded by the Capitol on the north,and the lake on the south. Much of the arts, entertainment and dining experiences in Austin are located in and around this grid. New high-rise condos are currently under construction BUT there is an existing condo called the 5 fifty five. This condo, while of recent construction (2004), has several close out units on the 29th/30th floors below $500 psf. This is for condos with great views of the lake, downtown and the Capitol. With the new construction like the Austonian, the W, etc being offering at an average of $700 psf for these larger condos located on higher floors and offering great views. For those in the market you should check them out.

This entry was posted on Tuesday, November 11th, 2008 at 3:53 pm and is filed under Austin Real Estate. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.