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.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
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.