Nov 8, 2019
LA developer turning condos into office, residential tower
AUSTIN – Los Angeles-based Karlin Real Estate has purchased the 112-unit Railyard Condominiums at 201 E. Fourth St. for $104 million.The 70,694-sf, two-block site will be redeveloped into a 1.7 million-sf campus...
AUSTIN – Los Angeles-based Karlin Real Estate has purchased the 112-unit Railyard Condominiums at 201 E. Fourth St. for $104 million.
The 70,694-sf, two-block site will be redeveloped into a 1.7 million-sf campus with a 47-story office tower and a 51-story office and residential tower.
The $1,471 per-sf deal is believed to be a record for downtown land.
The Railyard was built in 1983 as an apartment complex and converted to condominiums in 1999.
The Real Estate Center has more news for Austin-Round Rock:
Source: Austin American-Statesman
Written by
Angela Nguyen
Last updated
Mar 28, 2024
In This Article
Topics
You might also like
SUBSCRIBE TO OUR
Publications
Receive our economic and housing reports and newsletters for free.