[MichaelB]

Originally Posted by ATXboom

Wednesday, January 16, 2008 - 4:37 PM CST
Partnership developing condos in Austin, elsewhere in Texas
Austin Business Journal



A Dallas-based developer is partnering with Austin's Cypress Real Estate Advisors on four residential projects across the state, including two here in Austin.

Urbana Communities and Cypress have broken ground on the 42-unit Zocalo and 8-unit Mira Vista town home developments in Austin. Zocalo, located near Lamar Boulevard and Manchaca Road, will have condos priced from $400,000 to $650,000 while the units at Mira Vista near the intersection of 10th Street and Lamar Avenue downtown will range from $800,000 to $1.5 million. The partnership is also working on 22-unit development in Dallas and a 12-unit project in Houston. All of the projects are being built using sustainable materials and incorporating LEED criteria into planning and execution.

"A significant trend in the boomers moving back to the Urban Core has us focused on for-sale product in pedestrian access locations in Dallas, Austin and Houston," says Brett Johnston, founder and president of Urbana Communities. "We want to create communities that help connect the pieces of (people's) lives in authentic ways."

Cypress has been acquiring sites in the major Texas markets in the last several years. The partnership is also looking to expand its footprint with projects throughout the Southeast and Southwest United States.

10th and Lamar.....? Anyone know what property this is on ?