Wednesday 13 November 2019
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Texas A&M - 5 days ago

LA developer turning condos into office, residential tower

​​​AUSTIN – Los Angeles-based Karlin Real Estate has purchased the 112-unit Railyard Condominiums at 201 E. Fourth St. for $104 million.
The 70,694-sf, two-block site will be redeveloped in​to a 1.7 million-sf campus with a 47-story office tower and a 51-story office and residential tower.
The $1,471 per-sf deal is believed to be a record for downtown land.
The Railyard was built in 1983 as an apartment complex and converted to condominiums in 1999.
The Real Estate Center has more news for Austin-Round Rock #58;
​​​Texas Quarterly Apartment Report​​Austin-Round Rock​​​ multifamily news​​Texas Quarterly Commercial R​eportAustin-area office news​
​Source #58; ​Austin American-Statesman​


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