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 HOME    RESOURCES    EDUCATION    MARKETPLACE    NEWS    CORPORATE

PRESS RELEASE 01-24-07

The Austonian; Focus on Luxury Urban Living, Environmental Features and Panoramic Views
 
  The Austonian (center) is Benchmark Development's planned 55-story luxury high-rise residential development in Austin, Texas.

 (PRNewsFoto/Benchmark Development)
AUSTIN, TX UNITED STATES 01/24/2007
 

AUSTIN, Texas, Jan. 24 /PRNewswire/ -- Second Congress Ltd. today announced its newest residential development, located in Austin at the Northwest corner of Congress Avenue and 2nd Street. The Austonian, a projected $200 million mixed-use, luxury high-rise condominium development, is scheduled to break ground the Summer of 2007 with an opening date of 2009. This project will be a welcome addition to the dynamic revitalization plans underway for the Second Street Retail District in downtown Austin.

"Luxury living is all about convenience and vision combined with elegance," said David Mahn, project vice president for Second Congress Ltd. "The Austonian is going to be just that. It will offer a complete package of unmatched features and amenities in terms of its address and convenient location, important environmental green aspects, views that will be afforded to every resident, revitalization of the Second Street District of Austin, and an extraordinary architectural design and 'wow-factor.' We believe the Austonian has it all."

Designed by Ziegler Cooper Architects of Houston, The Austonian will be an elegant, 55-story, elliptical high-rise tower designed with a glass, stone and masonry window wall system atop an urban garden deck on Congress Avenue. At the top of the building, an illuminated architectural roof element will complement the Austin skyline.

"We are privileged to offer to Austin a downtown housing experience that we believe improves people's lives. With over 28 restaurants, substantial retail, cultural activities and 5 million square feet of office space within a five-minute walk, one can live, work and play without ever getting in a car," said Terry Mitchell, strategic marketing director for the project. "While the views are extraordinary, we are most excited about the City of Austin becoming a leader in redefining how we can live in a compact city environment with much less of an impact to our beautiful hill country," he declared.

Construction plans for The Austonian will include important green building innovations, such as a rainwater capture and recycling system, in addition to reduced building emissions. Currently, there are 195 luxury residences with distinctive floor plans, plus compelling interior design selections on the drawing board. The property is being exclusively represented and sold through Austin-based Gottesman Residential Real Estate.

Additional features will include a resort-style outdoor pool located in an urban garden area above street level with a conservatory encompassing an outdoor promenade sundeck and cabanas. The top of The Austonian will feature a first-class workout facility and a breathtaking, scenic gathering place that is exclusive to residents. Here, residents can conduct meetings or entertain guests while enjoying breathtaking panoramic views. Project plans for The Austonian also include a private screening room, conference center, guest suites, and game room. There will be a secure dog park and a host of other personal services and amenities as well.

About Benchmark Development and Second Congress Ltd.

Benchmark Development, (Benchmark) located in Austin, Texas, is the principal of Second Congress Ltd. Benchmark is a full-service development company, creating award-winning, single-family, condo, office, retail, and mixed-use projects in both the suburban and urban in-fill markets. Projects include "Plum Creek," a 2200-acre traditional neighborhood design mixed-use community in Kyle, Texas. Benchmark, a subsidiary of Grupo Villar Mir in Spain, specializes in reviving the great American neighborhood and fostering community interaction between citizens and local businesses.

For more information on The Austonian, please visit http://www.theaustonian.com/ .

Source: Benchmark Development

CONTACT: Judy Schmidt of Levenson & Brinker Public Relations,
, or , or ,
for Benchmark Development

Web site: http://www.theaustonian.com/

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