{"id":463389,"date":"2026-10-12T02:28:16","date_gmt":"2026-10-12T02:28:16","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-tx\/463389\/"},"modified":"2026-10-12T02:28:16","modified_gmt":"2026-10-12T02:28:16","slug":"new-south-congress-condo-tower-reflects-austins-luxury-housing-boom","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-tx\/463389\/","title":{"rendered":"New South Congress condo tower reflects Austin&#8217;s luxury housing boom"},"content":{"rendered":"<p><img alt=\"A rendering of the proposed Leland South Congress development at the south end of South Congress Avenue, one of Austin's most iconic shopping and entertainment districts.\" loading=\"eager\" fetchpriority=\"high\"   style=\"aspect-ratio:4 \/ 3\" class=\"x100 y100 opc bgpc ofcv bgscv block bg-gray200 mnh0px fill\"\/><\/p>\n<p>A rendering of the proposed Leland South Congress development at the south end of South Congress Avenue, one of Austin&#8217;s most iconic shopping and entertainment districts.<\/p>\n<p>Tomorrow Inc\/TMRW<\/p>\n<p>Yet another luxury mixed-use development is on its way to the bustling South Congress corridor, and it\u2019s slated to bring retail and dining alongside hundreds of condos.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/cdn-channels-pixel.ex.co\/events\/0012000001fxZm9AAE?integrationType=DEFAULT&amp;template=design%2Farticle%2Fplatypus_two_column.tpl\" alt=\"\" class=\"x1px y1px vh abs\" aria-hidden=\"true\" width=\"1\" height=\"1\"\/><\/p>\n<p>Construction is officially underway on Intracorp Homes&#8217; Leland South Congress thanks to a $173 million construction loan from global real estate investment management firm BGO. The development at 2121 South Congress Ave. will be nestled at the southern end of the strip, across from popular eatery The Meteor.\u00a0<\/p>\n<p class=\"uiTextSmall f aic jcc\">Article continues below this ad<\/p>\n<p><img alt=\"Michael Hsu Office of Architecture is responsible for the design of amenity spaces, ground-floor retail and restaurant spaces, as well as residential interiors, as shown in this rendering of a junior penthouse.\" loading=\"eager\"   style=\"aspect-ratio:3 \/ 2\" class=\"x100 y100 opc bgpc ofct bgsct block bg-black mnh0px fill\"\/><\/p>\n<p>Michael Hsu Office of Architecture is responsible for the design of amenity spaces, ground-floor retail and restaurant spaces, as well as residential interiors, as shown in this rendering of a junior penthouse.<\/p>\n<p>TMRW<img alt=\"Michael Hsu Office of Architecture is responsible for the design of amenity spaces, ground-floor retail and restaurant spaces, as well as residential interiors. The design elements will rely heavily on natural light features, as seen in this rendering of the building's lobby lounge.\" loading=\"lazy\"   style=\"aspect-ratio:3 \/ 2\" class=\"x100 y100 opc bgpc ofcv bgscv block bg-black mnh0px fill\"\/><\/p>\n<p>Michael Hsu Office of Architecture is responsible for the design of amenity spaces, ground-floor retail and restaurant spaces, as well as residential interiors. The design elements will rely heavily on natural light features, as seen in this rendering of the building&#8217;s lobby lounge.<\/p>\n<p>Tomorrow Inc\/TMRW<\/p>\n<p>The building isn\u2019t rising in isolation. Other luxury developments are also <a href=\"https:\/\/www.statesman.com\/business\/real-estate\/article\/austin-luxury-homes-market-22449264.php\" data-link=\"native\" class=\"\" rel=\"nofollow noopener\" target=\"_blank\">moving forward in Austin<\/a> as developers respond to continued demand.<\/p>\n<p>In August, Austin Board of Realtors market research advisor Va\u00efke O\u2019Grady described luxury as the fastest-moving segment of the region\u2019s market. Unlock MLS figures showed homes priced at $1 million or more spent an average of 58 days on the market in July, compared with 82 days for homes listed between $250,000 and $300,000.<\/p>\n<p>Four Seasons Private Residences Lake Austin secured an $870 million construction loan this summer, marking one of the largest financings for a luxury development in Texas, while other projects, including Pearlstone Partners&#8217; Viceroy Residences near downtown, are also underway.\u00a0The Viceroy project is seeing the most early interest at the higher end of the price range, Pearlstone CEO Bill Knauss previously said.\u00a0<\/p>\n<p class=\"uiTextSmall f aic jcc\">Article continues below this ad<\/p>\n<p>That\u2019s also true at the Leland.<\/p>\n<p>Although its completion date is currently estimated for 2029, the property has already pre-sold 45% of its available residences, with prices ranging from $400,000 studios to penthouses exceeding $3 million, the company said. The pre-sold units have trended toward the higher end of that range, Intracorp said, though not by a wide margin.<\/p>\n<p>\u201cIt\u2019s typical to see more demand for higher price-point units during pre-construction sales,\u201d said William Sayers, vice president of development at Intracorp. \u201cThis has been the case at Leland too, but not by a significant margin. We have a very healthy amount of one- and two-bedroom sales.\u201d<\/p>\n<p><img alt=\"Developers behind the proposed Leland South Congress development said the design elements will rely heavily on natural light, as shown in this rendering of a skylight planned for the great room.\" loading=\"lazy\"   style=\"aspect-ratio:3 \/ 2\" class=\"x100 y100 opc bgpc ofcv bgscv block bg-gray200 mnh0px fill\"\/><\/p>\n<p>Developers behind the proposed Leland South Congress development said the design elements will rely heavily on natural light, as shown in this rendering of a skylight planned for the great room.<\/p>\n<p>Tomorrow Inc\/TMRW<\/p>\n<p>The seven-story Leland will feature 265 studio, one-, two- and three-bedroom homes once completed, as well as five penthouse floor plan options, according to the building\u2019s website. The penthouses range in size from 1,690 to 2,880 square feet, with balconies as large as 350 square feet.<\/p>\n<p class=\"uiTextSmall f aic jcc\">Article continues below this ad<\/p>\n<p>The ground floor will host 22,000 square feet of retail and restaurant space, including 6,000 square feet designated for an outdoor dining\u00a0paseo that will serve as a \u201cgateway\u201d to South Congress for pedestrians.<\/p>\n<p>The property offers more than 30,000 square feet of amenities across three floors. Residents will be able to take advantage of a fitness club, infrared sauna, pool deck with outdoor dining\u00a0and a quarter-acre garden area with a reflection pool. Pet grooming services and a play area are also key features, while a private dining room, bar, library, co-working lounge and club room round out the indoor amenities.<\/p>\n<p>The project was <a href=\"https:\/\/www.tdlr.texas.gov\/TABS\/Search\/Project\/TABS2024005275\" data-link=\"native\" class=\"\" rel=\"nofollow noopener\" target=\"_blank\">initially registered<\/a> with the Texas Department of Licensing and Regulation in November 2023, with construction costs estimated at $110 million.<\/p>\n<p>Andres Construction was hired as the general contractor for the project, while the lead architect is Houston-based Kirksey. Austin\u2019s own Michael Hsu Office of Architecture is responsible for the interior design of the development, including ground-floor retail spaces, amenities and residential interiors, while another Austin firm, Nudge, was tapped to execute the building\u2019s landscape design.<\/p>\n<p class=\"uiTextSmall f aic jcc\">Article continues below this ad<\/p>\n<p><img alt=\"Michael Hsu Office of Architecture is responsible for the design of amenity spaces, ground-floor retail and restaurant spaces, as well as residential interiors, as shown in this rendering of a penthouse kitchen.\" loading=\"lazy\"   style=\"aspect-ratio:3 \/ 2\" class=\"x100 y100 opc bgpc ofcv bgscv block bg-gray200 mnh0px fill\"\/><\/p>\n<p>Michael Hsu Office of Architecture is responsible for the design of amenity spaces, ground-floor retail and restaurant spaces, as well as residential interiors, as shown in this rendering of a penthouse kitchen.<\/p>\n<p>TMRW<\/p>\n<p>According to representatives for Michael Hsu, midcentury modern design elements will complement natural lighting and plants to make each room feel in sync with the surrounding environment. The third-floor amenity space will offer a \u201cgreenhouse\u201d atmosphere, and a skylight in the great room will invite more sun inside. The space is meant to \u201ccapture the spirit of South Congress\u201d and embody the neighborhood\u2019s \u201ccreative, artful, social, yet comfortable attitude,\u201d according to the firm.<\/p>\n<p>While Hsu has designed amenity spaces for projects like this before\u00a0\u2014 including the 44 East Avenue high-rise condominium complex in downtown Austin\u00a0\u2014 he rarely touches the residential finishes, giving this complex a unique flow from the public areas into the private sphere.<\/p>\n<p class=\"uiTextSmall f aic jcc\">Article continues below this ad<\/p>\n<p>\u201cThe project is less a multifamily building than a mixed-use block, where a cohesive character is made up of many individual experiences,\u201d Hsu said. \u201cThis made the translation between the public amenities and residential finishes a critical piece, with the goal being something that feels urban but not over-fabricated.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"A rendering of the proposed Leland South Congress development at the south end of South Congress Avenue, one&hellip;\n","protected":false},"author":2,"featured_media":463390,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[132,134,133],"class_list":["post-463389","post","type-post","status-publish","format-standard","has-post-thumbnail","category-austin","tag-austin","tag-austin-headlines","tag-austin-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/463389","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/comments?post=463389"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/463389\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media\/463390"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media?parent=463389"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/categories?post=463389"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/tags?post=463389"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}