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St. Elmo lofts hit market for less than $200K

Small homes to be built in redeveloping South Austin district

The first new condominiums in the ambitious St. Elmo District development have hit the market, with small, one-bedroom units asking $189,000 (plus $147/month homeowners association fees). The Public lofts are (mildly confusingly) private residences in a building slated for the the corner of South Congress Boulevard and Saint Elmo Road. Currently on the market, the smallest condos will measure 749 square feet and start at $189,000 and have one bedroom and one bathroom.

There will also be two-bedroom, two-bathroom units available at Public, ranging from 1,081 to 1,663 square feet and asking $279,000 to $479,000. In addition, the building will feature one-bedroom, one-bathroom work-live spaces that include storefronts and range from 962 to 1,557 total square feet and are on the market for $259,00 to $439,000.

The Public residences are part of the area’s redevelopment of what has a been light-industrial center for several decades. Projects include The Yard—a planned 150,000-square-foot complex for manufacturing, co-working, and retail spaces focused on creative businesses, collaboration, and engagement—and Saint Elmo Market District, which is to include 40,000 square feet of indoor-outdoor public market space, 100,000 square feet of office space, a 400-unit apartment complex, a condominium development, and a boutique hotel.

The Public building is scheduled to be completed in 2017.