This year's awards will be presented Jan. 12 at a luncheon atthe Marriott at the Capitol.The third annual Impact awards will begiven this year in five categories, one more than in previousyears, in order to recognize both new construction and renovationprojects in the Project Impact award category.

Post Avenue Properties wins the new construction category forits Post West Avenue Lofts, 239 apartment units at 800 W. Third St.The property previously had been a city-owned lot used for storageof light poles. The developer is Kent Collins of Post Properties.RTKL Architects did the design.

"It is a good example of taking under-utilized land and turningit into a property that increases the tax base. In this case, itresulted in much needed Downtown residential living," says StanAllison, a project manager with the Downtown Austin Alliance.