Over the past several years, the cultural neighborhood of East Austin has experienced not only revitalization but gentrification as well. The new mid-rise, contemporary condo projects on the east side rise in stark contrast to the 1940’s era bungalows of the neighborhood. Rapid appreciation and affordability make this one of the hottest areas of Austin real estate.
The predominant demographic flocking to the neighborhood are twenty-thirty something, middle-class professionals seeking the downtown Austin lifestyle at a fraction of the price. The new residences offer more square footage for less money than the condos in the downtown area. Several of the properties are located on or around East Sixth. These residences include the Twentyone24, Este Lofts, Pedernales Lofts, Villas on Sixth, and Saltillo Lofts, and are featured on our website www.highrises.com
Most of the contemporary condos provide stainless steel appliances and track lighting, as well as wood, concrete, or bamboo floors. Surrounding the properties are coffee shops, retail stores, and businesses. Residents can walk downstairs or across the street to grab a latte or lunch. A new lite rail system that should be up and running by 2009 has contributed to the growth of the area.
The revitalization of Austin’s east side supports similar renewal efforts throughout the city, promoting urban living that benefits the environment.