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You are here: Home / Condo Projects / The Central Austin Condo Conversion Boom
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The Central Austin Condo Conversion Boom

towers staff March 15, 2008 Comment

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 upscale central living for much less than the price of the major high-rise projects. As downtown condo prices have rapidly increased while rents have grown at a slower pace, downtown condo conversion provide a quick return for developers. While the price is lower . . .

 

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Filed Under: Condo Projects Tagged With: 78704, condos, south congress

About towers staff

Real estate, architecture, and city planning. Email: austin@towers.net

610 Davis ST #4704
Austin, TX
Photo of 610 Davis ST #4704, Austin, TX 78701 (MLS # 3909496)
$5,294,000
40
  • Lot Size

  • Home Size
    3,285 sqft

  • Beds
    5 Beds

  • Baths
    5.5 Baths

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