August 13, 2020
In partnership with Diamond Ventures, Austin-based Legacy Communities is set to break ground this Fall on Gravity ATX, an 90-unit condominium and development. Gravity ATX is reportedly the only such residence in up-and-coming East Austin and sold 65% of its pre-construction residences in the first 30 days.
“After seeing East Austin’s rapid growth of luxury properties, we saw a unique opportunity to develop new market-rate attainable homes for first-time buyers, empty nesters, those looking to set up professional home offices and others tired of wasting money on high Austin rents,” said Legacy Communities partner Philip Jalufka,
He added, “We didn’t let the COVID shutdown or pandemic hinder or stall our sales and marketing efforts to interest home buyers, which has resulted in $18,172,000 in pre-construction gross sales in just 30 days—a remarkable achievement, in my view.”
For comments, questions or concerns, please contact Paul Bubny