The Informed Drinker: In the Beginning, There Was Rum
Why We Don't Like You: Texas A&M Aggies
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Pomeroy Investment Corp. has announced plans to convert its recently purchased office building at 800 Brazos into ... wait for it ... condos!
Office building-to-condo conversions are tricky monkeys and too often result in light-at-the-end-of-the-tunnel style apartments. This may not be a huge issue here, since 800 Brazos is not overly large or square and it appears they only intend to put around nine apartments on each floor.
Austin hasn't had a condo conversion in a while. Conversion is definitely greener than building new and the architect, L.M. Holder III, seems down with the green thing. Plus, the ABJ article mentions one of our favorite buzz-words: ground-floor retail.
Pomeroy and Holder are also renovating the Capitol Tower building at the corner of 9th and Brazos. They are turning it from an office building into ... an office building.
*Image from L.M. Holder III, F.A.I.A.*
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Whoa! I like the assortment of automobiles populating the street in front of the condo in their PR image. Let's see, nothing in that lot worth less than $35k. Go go high-dollar gentrification. Bee-chez!
unfortunate that the building still looks like something dredged up from the 80s
Can you actually get a cr that's worthwhile and functional for less than $35K these days? With starting prices at $200K for the small ones with no view, I'm guessing most people paying that much per square foot don't have issues buying $35K cars. I have to admit though, $200-300K for downtown is pretty good, its just the HOA fees that kill you.