Seaholm condos to be priced at $450 to $500 per square foot

Sep 27, 2013
Austin Business Journal

The 280 condo units planned for the Seaholm development in downtown Austin are expected to hit the market at about $450 to $500 per square foot, according to the project's developer


The price puts the condos at Seaholm within the market range for Austin but below top-of-the-market projects such as the Austonian, said John Rosato, managing partner of project developer Seaholm Power LLC Condo units at the Austonian were priced in excess of $600 per square foot, Rosato said


Last week, the Austin Business Journal reported that developer Seaholm Power LLC had switched the residential component of the project from more than 300 apartments to 280 condominium units. The condominiums are expected to be priced from about $300,000 to as much as $1.4 million


Rosato declined to discuss specifics about how the financing would be structured with the switch to condos, though he did say that he had seen strong early interest in the condo units


The Seaholm project is expected to be delivered in the first quarter of 2015, according to a press release sent out Thursday


Print Article opens in new window