For a while, 2007 seemed like the year of the downtown Austin condo project. Since last August, however, the market has changed. While most of the projects coming on the market in 2008 are sold out and many of the others are proceeding smoothly, at least three early stage projects for 2009 and beyond seem to have stalled.
As a result of slow progress, we have moved three projects into the pending stage until we receive clear confirmation that they are proceeding — or if not — that they have been postponed or cancelled. The delayed projects are:
5th & Congress
7th & Rio Grande
Residences at the Hotel Van Zandt
Now, with separate sections for active, pending, and cancelled projects on the Austin Towers home page, it will make it much easier for condo buyers to watch the projects that are most likely to be completed! In addition, we have adjusted the dates on a number of other projects to more accurately reflect current development timelines. If you know of any other delayed or pending projects, please drop us a note.