Sales have launched at a 35-story condominium in Austin, Texas, the first new planned downtown tower to start selling units in the Texas capital in three years.
Luminary is set for the northwest corner of 14th and Guadalupe streets. A sales center has opened near the site.
Developer Northland Living, a subsidiary of Canadian hospitality and development conglomerate Northland Properties Corp., said it expects to break ground by the end of this year and complete the tower by 2028.
Condo prices range from $499,000 to more than $3 million, and roughly 50% of the more than 280 units for sale are priced at less than $1 million, according to the developer. The one- to three-bedroom units will range from about 600 to more than 2,700 square feet.
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This is the first new condo in downtown Austin to launch sales since The Modern and Vesper in 2022, according to Urbanspace, the firm handling marketing and sales for the Luminary. Vesper was completed last year and The Modern is due to open this year. Ten downtown condo towers have been built or are nearing completion in Austin's central business district in the past decade.
Luminary is within walking distance of the University of Texas at Austin and the planned MD Anderson Cancer Center, among other destinations.
“Luminary is proving it has appeal to some of the buyers that have traditionally been a little hesitant of downtown,” said Kevin Burns, founder and CEO of Urbanspace, in a statement. “On one hand, they want a true lock-and-leave lifestyle with all the inherent amenities downtown has to offer. On the other, the quieter, neighborhood setting and proximity to major employers is also proving highly attractive.”
Vancouver-based Northland Properties owns 66 hotels and resorts, 175 restaurants and venues and three hockey teams in five countries.