By the Kent Redding Group
AUSTIN, TX. – There’s no denying that Austin Texas is one of the fastest growing Real Estate markets in the United States. Thankfully, supply is keeping up with demand in many areas especially thanks to new projects like “The Guthrie” that are breaking ground in the Austin area.
Learn More About the Guthrie
Located in East Austin, The Guthrie is going to be a 322-unit project that will also be a “live-work” space thanks to parcel of land across the street that’s being developed for a commercial space.
If you’re familiar with East Austin, The Guthrie is being constructed on the former site of Guthrie Lumber and Distribution, a formerly rural area just east of Downtown Austin Texas.
Thanks to the booming Real Estate market here in Austin, Guthrie Lumber, along with several other businesses in the decided to sell just in time to capitalize on prices while they are at the top of the market. This is excellent news because it means that Austin will continue to have a steady supply of homes to keep up with its growing population.
Excited About East Austin
With the booming growth of the Austin Real Estate market many developers are beginning to look at all areas in Austin TX as potential sites for development and the East Austin area has been on the “radar” of many developers for some time.
“We’ve been a big believer in East Austin for quite some time and what drew us to this site is the untapped potential with a big available parcel,” said John Burnham, Argyle’s managing director.
Argyle was an early believer of the east side’s potential, building the Lakeshore Pearl, Lakeshore Azul and Corazon residential projects, for example.
Naturally Burnham and his team were on the lookout for just the right site. This location brings a little history and mystery to the rental housing landscape.
A Project to Watch
The Guthrie will a project to watch over the next year as the area is clearly different than other parts of Austin and you can bet that it will attract a wide variety of people since most of this area is still heavily wooded and “country” while still being close to the hustle and bustle of the city.
Search for Homes in Austin
To search for homes in the Austin TX area, contact the Kent Redding Group today by calling us at (512) 306-1001 or click here to connect with us online.