AUSTIN | The Independent | 690 FEET | 58 FLOORS | Complete

[IluvATX]

Originally Posted by drummer

Ha, I understand the Escher influence, but the pool having a clear wall on that side by the stairs gives it that seemingly-impossible shape. If you look closely at the clear wall and make it solid in your mind, it would make sense. With the stairs and the sort of tessellation pattern along the wall below the stairs, it certainly speaks to Escher.

I was thinking the same thing about those bottom rooms being right over the pool. Not for me. However, the thing that caught my eye is the stairs that go down that cut into the pool - I think of kids playing in the pool or something and splashing around while someone is walking up the stairs, unsuspecting...and get soaked.

I don't know if those even are stairs cutting into the pool. There seems to be some sort of parapet along the top.

[IluvATX]

http://imgur.com/IJnPA2L.jpg
Independentaustin.com

[JoninATX]

I would love to see how sales are doing for The Independent. Judging by their facebook page, they seemed to be doing quite well.

[The ATX]

Originally Posted by JoninATX

I would love to see how sales are doing for The Independent. Judging by their facebook page, they seemed to be doing quite well.

Well, we can assume they have at least three reservations based on the happy new future residents photos.

[sammyk]

Originally Posted by Hill Country

Well, we can assume they have at least three reservations based on the happy new future residents photos.

Do the dots on the stacking chart equal reservations? Looks like good progress between the photo of the man and woman and the older gentleman.

[The ATX]

Originally Posted by sammyk

Do the dots on the stacking chart equal reservations? Looks like good progress between the photo of the man and woman and the older gentleman.

I don't know, but if that means they are reserved after only three days of taking reservations this project is all but a done deal.

[loonytoony]

They've reserved close to 300 units

[ILUVSAT]

If that is true - and they have received reservations for roughly 70%-80% of the units in this tower in less than three days...that bugs me. What I mean is, what a loss for Austin; they could have easily added enough units to push this tower to 750' tall (maybe taller) and still sell out in record time.


At the same time...this is pretty impressive. May be a good sign for other projects.

[The ATX]

They may indeed be getting close to having most/all of the units reserved. This hint of a coming announcement was posted early today on their Facebook page:

"Day #5 of ‪#‎reservations‬ have arrived and more and more future owners are Declaring Themselves Home! With an incredible demand, and residences going fast, we're excited to share additional details soon!"

https://www.facebook.com/independentaustin

[The ATX]

This photo from the Independents' Facebook page shows how many of the units were reserved on Day Four. Unless those reserved stickers are placed there for the photos as part of a suspect marketing campaign, this place is probably close to be 100% reserved. Even a good chunk of the penthouse units are reserved.


https://www.facebook.com/independent...type=1&theater

[MichaelB]

I find it interesting in the photo to note that the south side of the building is gone one floors 35-51. Makes sense to me!
I'd want the SW corner!

[KevinFromTexas]

I would have thought more people would want a north facing unit. Granted the river view is nice, but there is a lot of greenery to be seen to the north/northwest.

[MightyYoda]

I am assuming it is impossible for them to expand the scope of the original design given how fast they are reserving units?

[AustinGoesVertical]

Originally Posted by MightyYoda

I am assuming it is impossible for them to expand the scope of the original design given how fast they are reserving units?

It's not uncommon for projects to decrease the scale of the development this late in the game, but increasing it is rare right? Actually, I believe 360 added units but I'm not sure if that was after good sales. Hey, the design caters to easy edits. Just add another Jenga-box, (20 more floors). They'd have to resubmit the site plan though.

[ILUVSAT]

If they add another "box" equaling 10 floors (or roughly 80 units), this tower would crack 800'.

But, they won't.

[GoldenBoot]

That would be tremendously awesome if they added floors after the response they received last week (in reservations).

But, as ILUVSAT put it..."they won't." I hope I am wrong.

[The ATX]

They won't add floors. But this bodes very well for proposals such as Austin Proper, 70 Rainey, Waller Park Place and 99 Trinity (if it's condo.)

[Tyrone Shoes]

Originally Posted by ILUVSAT

If they add another "box" equaling 10 floors (or roughly 80 units), this tower would crack 800'.

But, they won't.

It seems like another 10 stories would sell.....

From the Austin American Statesman
6/19/2015

90 percent of units already spoken for at 58-story Austin tower
In a sign of the strong demand for downtown living, a planned 58-story condominium tower has set what its developers say is a record for the most number of units reserved within a week’s time for a downtown Austin condominium project.
Prospective buyers have put down earnest money for 90 percent of the units — 336 of 370 — in The Independent, a high-rise that developers Constructive Ventures and Aspen Heights plan to build at the northeast corner of West Third Street and West Avenue.

http://www.statesman.com/news/busine...8-story/nmg4T/

[The ATX]

They should be able to finalize the financing now. The article didn't have an updated construction schedule, but it looks like the original October start is still viable.

[The ATX]

This ABJ was wondering about the project's financing, and this quote from Perry Lorenz is in the article:

"We have a preliminary commitment for both debt and equity and will be announcing details soon,"

http://www.bizjournals.com/austin/bl...t-austins.html