Northland Living is gearing up for its 35-story condo tower in downtown Austin.
The Canadian company, a subsidiary of Dallas Stars owner Tom Gaglardi’s Northland Properties, will start construction this year on Luminary, a 280-unit project located at the northwest corner of West 14th and Guadalupe streets, the Austin Business Journal reported.
Luminary will feature units ranging from 600 to 2,700 square feet, with prices starting at $499,000, making it a more affordable option compared to other developments in the area. Some units will be priced at over $3 million, but about half will be priced under $1 million.
The tower will also include ground-floor retail, with an emphasis on local businesses, said Tony Kaleel, president and CEO of Northland Living.
Amenities will include a climate-controlled 75-foot pool, an outdoor kitchen, a fitness center and a yoga studio. There will also be a media lounge, a clubroom and a dog park.
Other residential developments underway in the city’s core include Austin Capital Partners’ $830 million Four Seasons Private Residences Lake Austin, which had reached $400 million in sales by October, according to developer Jonathan Coon, who is the founder of 1-800 Contacts.
Related Companies is pursuing a two-tower project featuring 800 residential units, a 225-key hotel, 200,000 square feet of office space and 125,000 square feet at the intersection of South Congress Avenue and West Riverside Drive.
San Antonio-based Kairoi Residential is planning a 66-story tower at 701 West Sixth Street. That proposed development, which leverages Austin’s downtown density bonus to maximize height, calls for 394 multifamily units and 4,500 square feet for a ground-floor restaurant or bar.
— Andrew Terrell
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