A residential development containing 375 units and rising up to seven floors at the corner of South Congress Avenue and East Live Oak Street is now in review with the City of Austin, according to recent permit documents. Located a few blocks south of the South Congress retail district’s main drag, the project would transform a significant…
south congress
The Central Austin Condo Conversion Boom
Last year, 824 Austin apartments were converted to condos. This year, that number is expected to grow to 1,167. As downtown condo prices have skyrocketed to $400 / SF or more (sometimes much more), a wave of Central Austin rental properties are being converted into more-affordable central condo buildings. Many of these new projects offer…