If you’re looking at where to live in downtown Austin there are more choices then ever. There has always been some residential development in downtown Austin – like the historic Brazos Lofts the Railyard Condominiums and Gables West Avenue all of which opened in 1999 – but it wasn’t until 2002 when the residential market really exploded.
In that year the Plaza Lofts at Republic Square and West 5th the Brown Building lofts on West 8th and the luxury Nokonah residences on West 9th all opened within months of each other. Since then countless residential projects have opened or have been renovated including the Austin City Lofts; Avenue Lofts; Austonian; 404 Rio Grande; AMLI Downtown; The 5 Fifty Five (atop the downtown Hilton hotel); The Monarch; The Milago; The Shore; Posada del Rey; The Sabine on 5th; La Vista on Lavaca; The W Condominiums; and others.
While there are some affordable housing options in downtown Austin it’s not often the norm. Price per square foot for most downtown condos runs about $220-$255. However there are some residential developments in the works that are addressing the affordability factor – and many of them are in the hot area of East Austin.
Residential projects in East Austin – such as the Saltillo Lofts and Twenty One 24 among others – are still relatively affordable and that’s good for those who want to be in the thick of things but who are also on a budget. Downtown projects include Westgate Tower at 11th and Colorado; Cambridge Tower at 1801 Lavaca; Penthouse Condos at 1212 Guadalupe; the Towers of Town Lake at 40 N. I-35; and the Spring Lofts.