904 West conceptual rendering
904 West promises to be an eco-friendly, affordable project in the Market District near Whole Foods. Here are the quick details:
Overview:
- Located at 9th and West Avenue. For reference, Hut’s Hamburgers is at 6th & West
- Approximately 30 units which will consist of residential, live/work and office spaces
- Building will contain a swimming pool
- Duncan Park access
- Solar panels will supplement electric power
- 1 parking space per unit
- 2% earnest money contracts
- Delivery will likely be spring / summer of 2010 (developer claims fall 2009)
Pricing:
- 1500SF office space fronting West Avenue: $480,000
- 1250SF office space fronting West Avenue: $380,000
- 900SF or smaller 1 bedroom units: $190′s to $300,000
- 500SF – 740SF live/work units: $160,000 – $190,000
Office units will be delivered as shell space, but all residential units and live/work units will be fully finished out with a number of upgrade options buyers may select. From first appearance, it’s a great location and has huge potential, but pricing appears to be in the $300 – $320/SF range which we believe is unreasonable for a project of this nature. While the price point is relatively low, I don’t know that they will be able to sell 500SF units for nearly $200,000. Stay tuned to find out or email Blake at btaylor@taylorrealestateaustin.com for more details.
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