BartonPlace, a planned 270-unit condo project behind Austin Java on Barton Springs Road, announced today that despite recent media attention and public speculation about whether the Austin condo market is being overbuilt, 300 people have already made reservations for a chance to buy a condo in their 270-unit project. They also announced that they will end the reservation project after tomorrow. After that, the only way to reserve a unit will be with a sales contract on any that do not sell in the pre-sales period. The project is expected to begin construction later this year.
The project includes one, two, and three bedroom units starting at $263,000 for 683 feet. With a prime location close to downtown and next to Barton Springs pool and park, the project will is in a great location and well priced. As we have seen with many of the downtown projects, the lower the price, the higher the demand. Projects like 360 with many units under $400K have sold very quickly.
The full profile is included here.
Approximate top floor view: