Downtown Condo Market Heating Up

Things do appear to be looking up downtown! The Austin American-Statesman reported last week that sales of Austin downtown lofts are doing better than expected.

From The Statesman:

Three months ago, Jennene and Ray Mashburn moved into their new home on the 22nd floor of the Austonian, the tallest and most expensive of the latest wave of high-rise condominium towers that have reshaped downtown Austin’s skyline.

Jennene and Ray, 70, a retired Southwestern Bell executive, sold their 5,400-square-foot house in Barton Creek 3½ years ago and had been renting downtown as they watched the Austonian being built, ultimately rising to 56 stories at Congress Avenue and Second Street.

The Mashburns, who were the first buyers to sign up for a unit in the building, now enjoy views of the Capitol and the University of Texas Tower, and the Frost Bank Tower gleams from their bedroom at night.

“Oh, my gosh, we love it,” Jennene Mashburn says of the couple’s 3,500-square-foot home in the sky. “The amenities here are just great.”

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