Following a break of almost a decade, the end of construction for Longhorn Canyon, a condominium development at 2601 N. Quinlan Park Road, Austin, is in sight.
The land for the original seven-building project—with each building planned to house four units—was purchased in 2005, said Robin Pope, controller for Kemp Properties, the project’s developer for owner Longhorn Canyon Partners.
Longhorn Canyon's fourth building is scheduled to be finished by July, and the final two buildings are planned for construction to begin this fall.[/caption]
Two buildings were completed by 2008, she said.
“We got those [units] finished just in time for the downturn in the market,” Pope said. “It took much longer than expected to sell those units.”
She said when the real estate market finally picked up, the developer spent two years trying to find a lender to complete the project. In 2015, funding was in order to move forward, and a third building was constructed housing 12 flats, or single-story units configured in two floors with six units on the bottom floor and six units on the top floor, she said.
The company’s decision to eliminate one of its original plan’s buildings allowed this third structure to be built larger and accommodate more units, she said. The last condominium in this building was sold in March 2016, and plans immediately started to construct the project’s fourth building, she said.
However, major rains in the area during spring and summer both impacted and benefited construction, Pope said.
“During that time, [the rains] allowed us to look at potential water issues and fine-tune the building so we would not have to worry about the [fifth building] if we had another rain event,” she said. “The tweaks we made were a huge benefit to the unit owners. We spent 90 days convincing the banker to build the [remaining] units. It all takes time. Nothing happens as fast as we want.”
The fourth building in the complex finally broke ground in the third week of January, includes four units and is expected to be complete in July, Pope said. The final two buildings in the project are anticipated to begin construction this fall at the south end of the complex, with a final completion date anticipated to be spring 2018, she said.
The project is located on the fifth hole of the The University of Texas golf course, with all units including backyard decks overlooking the greens and facing east to provide afternoon shade, Pope said.
The smaller units are about 2,400 square feet, and their sales price starts at $585,000, she said. The larger units are almost 2,700 square feet and have a starting sales price of $619,000, she said. All units are two stories and include two-car garages, three bedrooms and 3 1/2 bathrooms, with the master bedroom located on the ground floor, Pope said.
Although the development offers no on-site amenities, the project is within the Steiner Ranch Master Association, and residents can use the neighborhood’s pools, parks and tennis courts, she said.