If you’ve lived in Austin for a while, you’ll know that the city changes rapidly. From downtown towers to new suburban communities, Austin is growing more every year.
Here’s a spotlight on a couple of new projects in the works in central and east Austin.
A. Natiivo, Downtown
Natiivo is a 33-story tower currently under construction on Rainey Street. The twist with this building is that each unit will come with full amenities, furniture, and hotel licensing. This means that owners will be able to rent out their units short term, or on sites like Airbnb for personal profit. This is an extreme rarity for any condo building; contact me if you’re interested in more details and/or investment potential.
B. 6 X Guadalupe, Downtown
If you thought The Independent, also known as the “Jenga Building” downtown was going to remain the tallest building in Austin, think again! 6X is planned to be 66 stories tall – a full 7 stories taller than its predecessor. The space will be filled with offices, retail, and apartments.
C. Grove at Shoal Creek, Central Austin
The Grove at Shoal Creek is a master-planned community smack dab in the middle of the city. This new Rosedale/Hyde Park development will be 76 acres of housing, retail, green space, and offices.
D. Centro Complex, East Austin
Encompassing a full two blocks between E 5th and E 6th, this new development will be part of East Austin’s Plaza Saltillo district. A 3.25-acre, five-story office and retail space is planned for the space once permitting is completed.
These projects are just a fraction of all the new development happening throughout the Austin-metro area. If you’ve had thoughts of buying a home or planning to invest in Austin’s growing market, contact me and let’s grab a coffee to talk about your options!
I’d love to be your resource for all things real estate and am always happy to answer questions.
February 21, 2020