60-Unit East Austin Condo Project Sells Out
April 16, 2009 20:47 Filed in: News
While it's not our primary focus, there are plenty of
interesting condo developments rising outside of
downtown Austin. In the portion of East Austin, close
to 6th street and within a mile of I-35, a number of
affordable, interesting mid-rise projects have risen
over the last couple of years.
Today, the 4-floor 60-unit 2124 Condos (located on 6th, one mile East of downtown) announced that they too had sold out. 2124 offered 3 configurations of units ranging in price from the $190s to the $280s. According to the developer, units offer 11ft ceilings, concrete floors, granite countertops, and amazing views of the city. About a dozen units are currently listed for sale or lease on the Austin MLS.
These days, it is simply great news to hear the words "sold out" and "condo" in the same sentence. An article in the Statesman provides additional details:
Constructive Ventures said it has sold out the 2124 condominium project on East Sixth Street. But in a sign of the times, it took 18 months, about a third longer than the company’s other East Side projects.
Perry Lorenz, a partner in the Austin firm, said low mortgage rates and the new tax credit for first-time buyers are helping bring buyers into the market.
He said Barton Place, the firm’s 250-unit project on Barton Springs Road, is approaching 50 percent sold.
Spring, a 248-unit downtown condominium tower in which Lorenz is a partner, is about 60 percent sold.
Constructive Ventures was a pioneer in building modern urban loft condominiums in East Austin. Its other projects include the Pedernales and Saltillo Lofts.
Today, the 4-floor 60-unit 2124 Condos (located on 6th, one mile East of downtown) announced that they too had sold out. 2124 offered 3 configurations of units ranging in price from the $190s to the $280s. According to the developer, units offer 11ft ceilings, concrete floors, granite countertops, and amazing views of the city. About a dozen units are currently listed for sale or lease on the Austin MLS.
These days, it is simply great news to hear the words "sold out" and "condo" in the same sentence. An article in the Statesman provides additional details:
Constructive Ventures said it has sold out the 2124 condominium project on East Sixth Street. But in a sign of the times, it took 18 months, about a third longer than the company’s other East Side projects.
Perry Lorenz, a partner in the Austin firm, said low mortgage rates and the new tax credit for first-time buyers are helping bring buyers into the market.
He said Barton Place, the firm’s 250-unit project on Barton Springs Road, is approaching 50 percent sold.
Spring, a 248-unit downtown condominium tower in which Lorenz is a partner, is about 60 percent sold.
Constructive Ventures was a pioneer in building modern urban loft condominiums in East Austin. Its other projects include the Pedernales and Saltillo Lofts.