As you may be aware, there's a huge redevelopment effort in South Central Austin near Riverside Drive and Barton Springs Road. This is a very popular area and the development should sell quickly. This recent announcement has been covered on the news extensively. I found a good article about it on the Austin American Statesman.
A local real estate investment firm plans an 840-unit apartment and
condominium complex on East Riverside Drive, the biggest project by far
in the residential boom in and near downtown.
The project will replace apartment buildings at 222 and 300 East Riverside with three 18-story buildings, said Richard Suttle Jr., an attorney for the developer. Two condo buildings each would have about 243 units. An apartment building would have about 352. All buildings would include parking garages. CWS would give the city about an acre of lakefront land worth millions of dollars as part of the project, Suttle said, as well as room for a park police substation.
Again, this is just in the plans. The developer will need to garner support from the residents and final approval from the city. I'll keep you posted as I learn more.
Link: East Riverside project would add apartments, condos, extend hike and bike trail.
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