After runaway sales for its first residential development, real estate developer Intracorp is bringing three more luxury condos to Austin.
44 East Ave. is the first complex in Austin from Intracorp, but they have since opened their sales center for the One Oak development, announced plans for Congress Lofts at St. Elmo and teased a new project downtown that has yet to be named.
Intracorp held a ribbon-cutting ceremony to celebrate the property opening on Thursday. (Patrick Schecht)
Take a peek inside Intracorp's new housing projects.
At 49 stories, 44 East Ave. is already sold out before tenants have moved in. At 44 East Ave in the Rainey Street District, the complex will house 309 units with a variety of floor plans with up to four bedrooms.
The four-floor One Oak condos, on nearly three acres at 2209 South 1st Street in the bustling Bouldin Creek neighborhood, will be home to eight live-work storefronts and 106 condominiums. The number of units includes the Canopy Collection—10 “exclusive” penthouses.
Intracorp said it already has received over 300 reservation deposits for the collection of homes due to “exemplary design.”
“The early success is a testament to the quality design and the serene setting that we are offering here, but also because we have found a way to offer home ownership at price points that will be significantly less than the cost of new single family homes in the Bouldin area,” Intracorp Texas Development Director William Sayers said in a release.
The sales center, located just nearby at 1605 South 1st Street, will begin final sales of the homes to reservation holders in late January. Pricing for One Oak homes ranges between $400,000-$600,000 for one-bedroom units, $600,000-800,000 for two-bedroom units and starting at $1 million for the Canopy Collection.
The One Oak Sales Center opened plans to start hosting contract sales for its condo homes early next year.
A rendering of Congress Lofts. (Intracorp)
The third, Congress Lofts on 4315 South Congress, will consist of nine storefronts and an office space on the ground floor, with 139 residences spanning the second-fifth floors. The condos will range between $300,000-600,000, with studio to three-bedroom units, once they are completed.
“We really like the future here. This is a new urban neighborhood on the rise,” Sayers said. “Outside the central business district and Domain, the St. Elmo District might be the densest supply of future housing in Austin, and it’s an exciting time to be here.”
A sneak peak?
Intracorp has one more development in the works—a new downtown highrise to be used as a mixed-use residential and hospitality addition to the skyline. No other information has been released on the development.
“Our next Intracorp communities in Austin will each be set in extraordinary locations with their own distinct personalities and identities, and will offer homes that seek to embody the essence of what makes those communities special,” Intracorp Texas Development Director William Sayers said.
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With major entertainment events slated for October, the Austin-Bergstrom International Airport is gearing up for a busy month.
Artists and music lovers are set to pack into Zilker Park for The Austin City Limits Music Festival in the coming two weekends. Following that, Formula One will bring racing fans to the Circuit of the Americas.
For those two events, the airport is anticipating high passenger days with 30,000 or more people departing flights.
ABIA recommends arriving at least two and a half hours in advance for domestic flights on those days. For ACL, it's expected on both Sundays of the festival along with the Monday and Tuesday after. The F1-driven high passenger days are expected on Oct. 20-21 and Oct. 23-26.
\u201c#AustinCityLimits visitors, you\u2019re in for a weird and wild ride \ud83e\udd18\u262e\ufe0f \n\nFlying in or out of our airport? We got firm and fun tips for you: https://t.co/RawVRalOXN\u201d— Austin-Bergstrom International Airport (AUS) (@Austin-Bergstrom International Airport (AUS)) 1664894083
F1, especially, could draw in loads of travelers as the three-day event saw 400,000 attendees last year. ABIA warns that highways leading to the airport may see even higher traffic than usual around the event and that travelers should plan their route accordingly.
Bailey Grimmett, a spokesperson for ABIA, said travel numbers come in 24 hours in advance. So, it's hard to predict if the airport will see travel volumes at the same levels that have happened around previous F1 races or if it'll top ACL's flight traffic.
Still, she says historical knowledge points to a chance for it.
“We've had that Monday after F1 break the record for single busiest in airport history," Grimmett said. "So context clues I would say yes, but I can't confirm that. But the historical background points to that."
In anticipation of the high volume of flyers, the airport received additional TSA officers for security screening through the end of October. To prepare even further, the Department of Aviation and partners hosted a job showcase and hiring fair to address the continued labor shortage the airport has experienced.
Relief from hectic travel days is on the horizon with November likely to see a slowdown.
"I don't anticipate it will be as busy as October just because we don't have as many events going on," Grimmett said. "Thanksgiving is kind of our primary holiday that we see a lot of passengers coming in and out of the airport."