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Residents Beginning Moving To 360 Condos
By Kathryn | May 25, 2008
The hottest real estate market in downtown Austin right now is the condo market. Over ten different condo projects have been launched to bring housing, retail and entertainment space to the downtown area within a vertical design format; the idea is to build up, not out. One of the first of those sets of condos, the 360 Condos, is about to open after two years of construction reaches completion. The units within this condo have already sold out and residents are excited about the opportunity to finally move in to their new downtown homes.
The 360 Condos are the tallest building project taking place in downtown Austin to date; it’s a 43-story building. There are several reasons why this fact appeals to the people seeking to move in to the downtown area. For one thing, the architecture is stunning so the building is considered a positive addition to the changing downtown Austin skyline. And of course, the people living on those top floors are excited about the opportunity to experience some great views of the city. But perhaps more importantly, vertical building improves the ability of the downtown area to grow without hindering activity in the area.
Like other tall condo buildings, 360 Condos is a mixed-use space that includes entertainment, dining and retail within the residential area. This means that people living in the building don’t have to go far from home in order to meet their basic needs. This is a clear benefit to the residents of the building and it’s also a benefit to the residents of the Greater Austin area because it reduces traffic and the resulting air pollution which is a problem in cities that build out instead of up.
The 360 Condos are considered to be among the best of the new downtown projects that are being launched. A main reason for this is that they are considered highly affordable in comparison to many of the other condo projects in the neighborhood. Some of the 400+ units in the building start at under $200,000. Two-bedroom condos with a balcony terrace are in the $400,000-$500,000 price range.
Building managers will be moving in as early as next week. The first residents will be moving in throughout the month of June. This will be a development to watch as it is setting the trends for the buildings to come in the area.
Topics: Downtown Austin Living |