East Austin Condos

[Boris]

Next in line: Condos with restaurant

Thirteen new projects in two years bringing new residents to the area.

By Shonda Novak, Claudia Grisales

AMERICAN-STATESMAN STAFF

Friday, October 27, 2006

Another condominium project is headed for East Sixth Street, extending the wave of residential development in an area where warehouses and vacant industrial sites are being replaced by trendy lofts and shops.

In the two years since the Pedernales Lofts opened in East Austin, a dozen more condominium or apartment projects, with more than 900 units total, have been started or announced, as developers take advantage of the area's lower land prices to meet the demand for near-downtown living.

The newest will be Este, at 2235 E. Sixth St., with 67 condominiums and a restaurant on the ground floor.

It's the fourth East Austin project for Perry Lorenz and Larry Warshaw, who started the trend with the Pedernales.

Este, Spanish for east, will be next door. It will replace East End Lumber Co., which is going out of business after more than six decades.

The units will range from $180,000 to $275,000, with at least half priced at less than $200,000, the developers say.

Lorenz and Warshaw say Este could be the "tipping point" for dense residential development along East Sixth. The street "is already a vastly different place than it was just a few years ago," Warshaw said.

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Most Waterstreet Lofts units, going up at Cesar Chavez and Comal streets, are spoken for, and the ones that are left cost between $227,000 and $325,000.

Interurban Development, which will build lofts at the Skyline on East Ninth Street, said 130 people have put down $1,000 deposits for units that will start in the low $200,000s.

Brad Pauly of Pauly Presley Realty, which is marketing many of the new projects, said prices range from the low $120,000s to more than $400,000 for East End Flats, to be built on East 12th Street.

http://www.statesman.com/business/content/.../27/27east.html

Waterstreet Lofts: Most units in the development, going up at Cesar Chavez and Comal streets, have been taken; those remaining are priced from $227,000 to $325,000.

Robertson Hill Apartments: Rents haven't been set but are expected to range from $1,175 for a one-bedroom unit to $2,600 for a two-bedroom unit, according to the developer.

Sixth + Brushy: The project at Sixth and Brushy streets will include 18 residential units and six ground-floor retail spaces. Prices range from $170,000 to $399,000.

Este: The newest mixed-use development on East Sixth Street will include 67 condominiums and an eatery at street level. It's the fourth East Austin project for Perry Lorenz and Larry Warshaw, who built the Pedernales Lofts.

Project, address Units

1. Swede Hill Lofts 27

East 14th St.

2. Robertson Hill Apartments 290

San Marcos between Ninth and 11th streets

3. Skyline 118

819 E. Ninth St.

4. Sixth + Brushy 18

Sixth and Brushy streets

5. 1305 14

1305 E. Sixth St.

6. Waterstreet Lofts 22

1601 E. Cesar Chavez

7. Saltillo Lofts 38

Fifth and Comal streets

8. TwentyOne24 60

2124 E. Sixth St.

9. Villas on Sixth 160

East Sixth and Robert Martinez streets (apartments)

10. Este 67

2235 E. Sixth St.

11. Pedernales Lofts 105

2401 E. Sixth St.

12. East End Flats 27

2931-33 E. 12th St.

13. East Village Lofts 24-27

East 11th and Lydia streets