Posted Oct 9, 2013, 7:09 PM
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Registered User
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Join Date: Aug 2013
Location: Houston / El Salvador
Posts: 284
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Seaholm Update:
http://www.bisnow.com/commercial-rea...-are-backausa/
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John tells us he chose condos over rentals because although financing can be trickier, he sees strong demand in Austin and a limited supply. Plus, he's always wanted to do a condo project Downtown to bring homeownership to the submarket, which he feels is important for Downtown's health. The community will be ready for occupancy in Q1 2015, at which point Urbanspace will sell the units. CEO Kevin Burns tells us demand has been mind-blowing—he's already had nearly 1,000 inquiries without hitting the market. (And he plans to live there himself!)
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