Last month we quietly received our FHA approval for The Riverside Grove and we haven’t stopped to look back. Qualified first time or VA buyers looking for a great place to live near downtown now have a great option at The Riverside Grove. This wonderful community offers so many features not found in townhomes or condos in this price range, and even some selling for a $100k and $200k higher that you must see it to believe it.
These factors, combined with the design and quality found in these townhome styled condos developed by Renaissance Properties, it is easy to understand why almost 20% of the units in phase one of this project, have already been sold. And it’s only been two months since our grand opening.
Activities at The Riverside Grove have increased at a fast pace as the end of our construction phase is in sight. Last week, one day after our first building was completed, our first home owner moved in to their condo and they are delighted. Over the next few weeks we will finish four more buildings, site work and complete the landscaping, but the project is looking great and we invite everyone to come out to see it.
The feedback from both Realtors and potential buyers has been very positive and we are delighted. Our quality and finishes are second-to-none here in Austin and people are noticing. Nothing speaks louder than sales and although we just completed our first building, over 20% of our units are already sold or reserved.
The Riverside Grove will soon become one of the gems in Austin’s up-and-coming area – East Riverside Corridor, where because of its proximity to Austin’s downtown, the City is targeting to spend several hundred million dollars for new infrastructure and revitalization of the East Riverside corridor, including extending the light rail to this area. The Master Plan can be viewed or downloaded from the following link: www.ci.austin.tx.us/urbandesign/riversideplan.htm. The City’s investment and revitalization will increase property values in this area, making The Riverside Grove townhomes a great investment.
The City of Austin is considering a plan that would close the southeastern gap of the Lady Bird Lake hike and bike trail. The Boardwalk Trail at Lady Bird Lake would extend the Lady Bird Lake hike and bike trail more than one mile from the east side of the Austin American-Statesman building to Lakeshore Park.
Currently, pedestrians, runners and bikers are forced to use the Riverside Drive sidewalk over Interstate 35. The city will be holding community-wide meetings during September and October to ensure that Austinites have a voice in designing her vision.