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4-over-1 and 3-over-1 in the background 5-over-1 style apartment buildings in Austin, Texas. 5-over-1 or over-1s, also known as a one-plus-five or a podium building, [1] is a type of multi-family residential building commonly found in urban areas of North America.
The aggregated heights of Austin's high-rises is second in Texas, behind Houston, based on data from Texas Real Estate Source. [ 3 ] [ 4 ] The current tallest completed building in Austin is Sixth and Guadalupe , with a height of 874 ft (266 m), followed by The Independent at 690 ft (210 m) and The Austonian at 680 ft (210 m).
Colorado Apartments has 510 units. The rent at Colorado, as of 2007, was half of the Austin apartment market rate. In 2007 540 students lived in the complex; about 70% come from outside of the United States. Of the spouses of the students, many are unable to work because their visas do not permit them to work. [48]
Austin, Texas average monthly rent "Old Austin" is an adage often used by nostalgic natives. [203] The term "Old Austin" refers to a time when the city was smaller and more bohemian with a considerably lower cost of living and better known for its lack of traffic, hipsters, and urban sprawl. [204]
In 2000 the area had about 10,000 people. Due to the influx of new apartments and condominiums, by 2009, according to Chuck Lindell of the Austin American-Statesman, the area may have had over 17,000 residents. As of 2009 many young professionals, faculty members of the University of Texas at Austin, and retirees live in West Campus. [7]
HomeAway was a vacation rental marketplace. It operated through 50 websites in 23 languages through which it offered rentals of cabins, condos, castles, villas, barns, and farmhouses. Founded in February 2005 and headquartered in Austin, Texas, [3] the company became a publicly traded company in 2011. [4]
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