While dozens of high rise condo projects rise from the ground in downtown Austin, interesting condo developments are also nearing completion in other parts of the city. One notable project is the SoCo Lofts which is nearing completion in the red hot South Congress district. This 69-unit condo development with ground-floor retail is located near Saint Edwards University. By building outside the core of downtown, the project has been able to hit a price point that is much lower than any current downtown project. With 616 SF units starting at $169,900 and 2-bedroom units starting at $289,900, the project is at least 25% less expensive than the new downtown projects.



The SoCo Lofts are not alone: a number of interesting projects are currently under development on South Congress, South Lamar, and on the East side across I-35 from downtown.

Here is a full profile of the project:

SoCo Lofts 3801 South Congress Avenue Completion 4th Qtr. 2007 (weather permitting) Overview - 4 Floors - 69 residential Units / 17 commercial Units - Units from 616 - 1368 SF - Unit Types: One Bedroom, One Bedroom + Study, Two Bedroom - Mixed use. Pets allowed.
Pricing - Least Expensive Unit: $169,900 (avg $260/SF) - Most Expensive Unit: $434,900 - 7 different floor plans. 1 Bedroom pricing around $169,900 to $224,900. 1 Bedroom + Study from $249,900 to $314,895. 2 Bedroom units from $289,900 to $434,900. Earnest money deposit of 3%. Amenities - Concierge: N - Pool: N - Gym: N - Parking: Y - Every unit has a balcony. Construction Information - Est. completion 4th Qtr 2007 - Current Phase: Construction - Zoning Status: Approved - Developer: Greystar Construction Group, Symcox Development, Tierra Capital LLC - Architects: Hensley Lamkin Rachel, Inc. Sales Information - Sales Office: Yes – 1209 W. 5th Street, #100 - Broker: Nicole Kessler, Gottesman Residential Real Estate - Phone: 512-632-2222 - Website: http://www.socoloftsaustin.com

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