Quote:
Originally Posted by the Genral
$650 sq ft...really, I wonder how many people can afford or would pay $325k for 500 sq feet, $650k for just 1000 sq ft. in that spot so close to noisy I35. If they can sell enough units by April to justify a fall groundbreaking, that would be astonishing and quite revealing on the caliber of the income of people moving here. It would also show again why the divide between the have and have nots continues to grow in Austin, which happens to have the largest divide of all the largest metros in the US per an article in 2/24/15 AAS.
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Noise may not be that big of a problem. West End condos pretty much all have to deal with the noise from a 24/7 stream of freight trains, squealing train tracks, and train whistles at unpredictable hours of the day and night. I think it might be a wash in the noise department.
$650 a square foot does seem like a lot of money, especially for east facing units which will basically have a view of the freeway on the lower floors. I don't think anything on that side of downtown sells or resells for anything like $650 a sq. ft. This building's marketing so far seems kind of amateurish to me.