Kinan Beck is the Broker and co-owner of One Source Realty in Austin Texas. Visit Kinan’s Austin Real Estate Guide, visit his Lake Austin Real Estate company’s website, & his Austin Apartments website. He has seen considerable success in real estate, and looks forward to many more years in the business.
"A number of new projects in the state of Texas are worthy of note. In Bee Cave, a new project promises Tuscany-style homes with lots of green space. The project, undertaken by Tennessee-based Southern Land Co. will be a $160 million residential development near SH 71 and RM 620. The project, Cielo, will feature a number of residential options, including town homes, condos, and one and two bedroom homes. In addition, buyers will also be able to choose from 400 luxury flats. The designers hope to offer buyers unprecedented levels of choice. The homes alone have more than 20 floor plans. The homes will start in the high $300,000 and building is expected to be completed in 2013. At that time, homeowners will be able to enjoy the more than 28 acres of preserved green space on the 78-acre development and will have easy access to the nearby Balcones Canyonlands Preserve as well.
In Austin, the Avalon Palms apartment complex has been purchased by Los-Angeles-based Palms of Avalon Apartments Texas LLC. The 352-unit apartment complex situated just off US 183 in North Central Austin was constructed in the early 1970s and boasts 13 acres at 9001 and 9003 Northgate Blvd. According to Travis County tax records, the complex has a value of $10 million. In the sale, the buyer was represented by Los-Angeles-based Greg Salyers. The seller was represented by Hendricks & Partners.
Another new project in Austin promises to make a school more effective for children. About $110 million is being offered in state funds to The Texas School for the Blind and Visually Impaired (TSBVI). The money is earmarked for renovations. The 150-year-old campus will be modernized so that it is more child-friendly, according to TSBVI staff. TSBVI is considered one of the top schools in the nation for the visually impaired. Now, the campus will be top-flight as well, with renovations scheduled for the next four to eight years. Landscaping and security will be updated and some buildings will be demolished to make room for new construction. A new student activity center, a vocational building, eight dormitories, a new physical education and therapy building, an indoor pool, track-and-field facilities, and independent apartments will be added to the campus. New student housing will be designed by Dallas firm Halff Associates, a company that has offices in Austin. Staff and students at TSBVI are excited about the proposed renovations, which promise to make learning far more enjoyable in the future."
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