AUSTIN—Interest is high for The Independent,the 58-story, 370-unit tower under construction in downtownAustin.

Constructive Ventures and AspenHeights, co-developers of the project, have announced thatafter one week of activity, more than 90 percent of the units havebeen reserved. Located at the northeast corner of West3rd Street and West Avenue in downtown Austin, the buildingwill continue to take reservations for its waitlist.

The project began accepting reservations June 5, and within aweek, 336 units were reserved, setting a new record for most numberof units reserved in a one-week time period in downtown Austin. Areservation guarantees a buyer the right to purchase a specificunit for a specific price once the development team is ready toconvert the reservations to contracts.

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.