The tallest residential building located west of the Mississippi will be erected in Austin, Texas. This independent condominium tower will rise over the city’s skyline while boasting 370 residences to include a nice selection of one, two, and three-bedroom units that range in square footage from 675 to 3,485.
The overall project consists of 950,000 square feet that stretch over a 1.7 acre site. This new tower is being constructed thanks to an effort between Constructive Ventures and the developer, Aspen Heights. As stated by Perry Lorenz, principal with Constructive Ventures, the market in Austin has proven itself time-after-time with quick absorption of nicely proportioned condominium projects in the downtown area.
To show just how well the Austin market is doing, units for Seaholm Residences, which are close to where the new condominium tower will be constructed, were reserved within just one week and in only months, the entire building was under contract. What makes this so amazing is that the tower will not even open until early next year. That is a clear indicator as to how strong the population growth is in Austin.
The Growing City of Austin
Since the city was founded, it has doubled in size about every 25 years. According to statistics, within the next three years roughly 180,000 people will move to Austin. Therefore, products like the new condominium tower called The Independent are essential for accommodating that growth.
According to Lorenz, the greatest challenge that Constructive Ventures faces and will continue to face is finding ideal locations for development projects. Obviously, condominium buyers want the best views and top-of-the-line amenity packages so the goal and challenge is to find sites that deliver.
Another challenge is the Capitol View Corridors, which restricts the height of new construction from various locations as to maintain beautiful views of the State Capitol. The new tower will be erected just outside one of these corridors so as far as height, there really was no limitation. However, now it comes down to construction and outstanding engineering to bring the dream to reality.
Enjoying Unrivaled Amenities
As far as amenities, those offered at the downtown “The Independent” is a prime example of what people want. Included is a gorgeous swimming pool, state-of-the-art fitness center, barre studio, yoga, activity room, sky lounges, guest suites, business center complete with conference rooms, theater, children’s playroom, and playground.
Lorenz went on to say that Austin is excited to have a condominium tower that caters to literally every stage of life. What makes The Independent so attractive is that in addition to incredible amenities, this tower is in the hub of the city, making it close to Lady Bird Lake, grocery stores, the new central library, dining, entertainment, shopping, the arts, and trails.