| Evaluating the different options available for downtown Austin Condos |
A couple condos are situated at the turn of the river in downtown Austin, taking
advantage of views down the river. The first time I saw the views, I was pretty
surprised. You can see all the way down the river from the Congress bridge, past the
Lamar Bridge, and past downtown. One nice aspect about these places is that there is
not much chance of anything being built in the way of the river view since you are at
the bend. The two places are called The Milago and The Shores. The Milago is right at
the bend of the river with only the Town Lake Trail between it and the water. If you
want protected river views, The Milago is pretty much it. Also, to get any views, you
need to be above the trees and that is at about the 6th floor as well as on the west
side of the building; the east side of the building pretty much has nothing interesting
right now.
The Shores has a similar view corridor down the river and to the west and
is a little more north of the Milago. It has the! Mexican-American cultural center being
built in front of it and has a low-rise, older townhome project that poses no threat as of
now to block the view. This building is not as rectangular as The Milago so more of the
units have some sort of view, whether it be the river or downtown.
Moving on to a another downtown Austin condo sector. Some hotels are renovating the
top floors of their places or building new high-rises next-door to accomodate those who
want more high-end services associated with hotels. They will have room service
available, workout facilities, concierge, and whatnot. The Hilton probably has the
most upper end units right now called the Five Fifty Five. To name a couple slick
attributes, they feature wolf ovens, wood floors, 24hr. concierge & security, and
walls of windows viewing Austin downtown. They have a couple penthouses left.
The other downtown Austin aspect of living that some condos will be banking on is the
trend to live near walkable shops and restaurants. Clarksville is a neighborhood
thriving around some shops and restaurants on West Lynn as well as the 6th & Lamar
area. It is probably the closest actual neighborhood (meaning houses too) to downtown
to the west. There's a local shop to walk to on West Lynn, and if you want more of a
supermarket, the Whole Foods mothership headquarters complete with ice rink is at the
corner of 6th & Lamar along with REI, Waterloo Records, Amys Ice Cream, and other fun
stuff. The Nokonah is right there in the midst of all that. It was built in 2001, so
it is all resale at this point, but a good location with concierge and security.
And of course, people just want to live by cool areas. Austin's South Congress is
known for probably being the hippest street in Austin. It is so cool it has been
abbreviated to be called SoCo. A couple different condo projects are popping up around
that area. Most are the loft, slick style that blends with the SoCo area. One is
practically the neighbor of a popular restaurant and club. It's a smaller condo
project at only 14 units available and starting at 380K. A larger condo projects is
being developed further down south called the SoCo Lofts. These will have bamboo
floors and stainless appliances. They will not really be walkable to the SoCo shopping
area but will be creating its own multi-use shopping, retail, and restaurants. Since
they are a little more south from the saught-after SoCo strip of shops, they are a more
affordable option, starting at 225K for a 1-1.
Another area in the south that is trying to model itself after SoCo is being coined as
SoLa, or South Lamar. SoLa is parallel to SoCo and about 2 main streets west. It is
not as dense with shops but city plans are in the works to rezone almost everything
along the street between the river south to 71 to be multi-use. It could be pretty
cool and much more expansive than the current SoCo. There are various condos planned
to take advantage of the new SoLa. One is just south of the river called The Magnolia.
They've already begun construction and are moving fast, targeting completion by July
2008. The funny story behind this location is that it used to be a Wendy's.
It will be interesting to watch Austin develop over the next several years. There are
a number of downtown Austin Condos but the new ones that are coming online should widen
the selection for people interested in living downtown. Additionally, the increased
density should allow for more small shops and businesses to set up shop downtown which
will hopefully make downtown a more walkable interesting location for years to come.
Escapeso Austin Real Estate is a husband
and wife real estate team located in Austin Texas. Their site provides a free home search
of the Austin MLS along with a Real Estate Calculator.
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