Preliminary interest hot for Seaholm condos

Nov 8, 2013
Austin Business Journal

If there was any concern about whether there are enough affluent folks to buy a new supply of luxury condominiums in Downtown Austin, those fears may abate now. The developer of the residences that will be built at the Seaholm Power Plant site announced today that all 280 units in the 30-story tower have been reserved

“Truth be told, we were anticipating a positive response, but this response has been nothing short of phenomenal,” said John Rosato, principal of Southwest Strategies Group and managing partner for Seaholm Power LLC, in a written statement

Clearly the interest is there, but whether there are real bucks at stake won’t be known until late January 2014 at the earliest. That’s when formal contracts can be signed and down payments accepted

The tower has been under construction since April and the first occupants will move in during the first quarter of 2015

Prices will range from $300,000 to $1 million

Kevin Burns, broker and CEO of Urbanspace Residential, is handling sales

“The market has quickly let us know just how much it embraces this one-of-a-kind neighborhood,” Burns said

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