Austin condos planned as 500 units now

AUSTIN – Two towers formerly planned as condominium projects are moving forward as apartment buildings that will add more than 500 luxury units to downtown Austin.

One will be a 300-unit, 19-story tower at 214 Barton Springs Rd., built at a cost of $70 million. Units will range from 625 sf to 1,250 sf with monthly rents expected to range from $1,650 to $3,000 a month. The first units are expected to be ready for tenants in the summer of 2014.

The other project, formerly called 7RIO, is set to break ground in December at West Seventh St. and Rio Grande St. The 24-story project will have 221 units.

Read more at the Austin American-Statesman.