Intracorp will build Leland South Congress, a luxury condo development that adds to the neighborhood’s growing list of high-end apartments. 

Located at 2121 South Congress Avenue, Leland will stand seven stories tall. Its 270 apartments range from studios to three-bedrooms. The units sit above 22,000 square feet of retail and restaurant space, centered around a 6,000-square-foot outdoor dining area. 

Douglas Elliman New Development Marketing and the Eklund Gomes Team are handling sales. Shop Companies will market and lease the retail space.

Michael Hsu Office of Architecture, one of Austin’s top architecture firms, designed the building’s interiors and amenity spaces.

Speaking of the amenities: on top of the more typical add-ons, the building will include an infrared sauna and quarter-acre reflecting pool. In all, the shared spaces will cover 30,000 square feet. 

Other investors in the project include Leifer Properties, Dallas Stars owner Tom Gaglardi’s Northland Properties and ARON Industries, the family office of Aritzia founder Brian Hill. Northland recently announced plans for a 35-story condo tower in downtown Austin.

Intracorp previously worked with Hsu on 44 East Avenue, the company’s first development in Austin. That tower includes 308 units in the Rainey Street district, one of the busiest areas for new development in the city. Leland is Hsu’s first project in the city designing condo interiors and common areas. 

Farther south, Intracorp is selling apartments at Congress Lofts, one of the first major residential developments in the fast-growing St. Elmo District. 

South Congress, with its blend of high-end shopping and quiet residential neighborhoods, is one of the most popular areas for developers. Related is planning a megadevelopment in the area with 800 apartments, 200,000 square feet of office space, a 225-key hotel and 150,000 square feet of retail. 

Residential development has largely slowed in Austin as the city works through a glut of newly built apartments. However, the effects haven’t been the same all over the city, and condos are not facing the same supply excess as rentals.

Original Article by: Joe Lovinger, The Real Deal