More luxury condos on way to Austin
Newsflash for those of you interested in condos in Austin. We have more on the way!
From the Austin American-Statesman – Wellesley Inn & Suites will be demolished next month to make way for Constellation Property Group’s Star Riverside development.
The $70 million, 254-unit luxury condo project at East Riverside Dr. and I-35 will include four buildings, the tallest of which will be 110 feet or 11 stories.
Construction on the first phase — two 60-foot, 68-unit buildings — will begin in mid 2007. Most of those units will have three bedrooms and average 1,500 square feet, with prices ranging between $700,000 and $1 million. Work on the second phase, the 90-foot building, will begin in 2008, with the final phase starting a year later.
Constellation, an Australian development company, will grant an easement to the city to extend the hike-and-bike trail and donate $250,000 toward a boardwalk or pontoon bridge on the river beneath I-35. The boardwalk would connect the trail from the east with parkland west of the interstate.
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