Posted Jul 14, 2015, 8:44 PM
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Meh
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Join Date: Jul 2001
Location: there and back again
Posts: 57,324
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http://www.wsj.com/articles/independ...xas-1436888953
Quote:
Independent Will Tower in Texas
New 58-story condo property in Austin will reach 685 feet in height
By MATT HUDGINS
Updated July 14, 2015 4:29 p.m. ET
AUSTIN, Texas—Locals here like to say that everything is bigger in Texas, and that will certainly apply to the state capital’s newest planned residential tower. At 685 feet in height, the 58-story building, named the Independent, is slated to be the tallest predominantly residential building west of the Mississippi River.
Aside from its height, the Independent illustrates a notable change in the Lone Star state: a shift away from a long-standing tradition of residents and developers embracing the wide open spaces with sprawl construction and spacious homes. By contrast, the Independent will stack nearly a million square feet of space in 370 condominiums and a smattering of ground-floor retail onto a mere 1.7-acre site.
Even more surprising, more than 90% of the condos have been reserved during the first week of presales even though construction won’t actually begin until later this year. A joint venture of Austin companies Constructive Ventures and Aspen Heights plans to announce financing details for the $300 million-plus project in the next few weeks, aiming for completion in 2018.
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