Downtown Living Desirable Option for Buyers
San Antonio, TX (Jan 12, 2015) – Alteza Residences celebrated a furry of activity in 2014, closing on 26 homes, totaling more than $16 million in sales. Alteza anticipates continued success in 2015, as the demand for luxury condominium living in San Antonio continues to rise.
“The desire for a lock and leave lifestyle, luxury amenities and unmatched service drove sales through the roof during 2014,” said Raymond McCall, executive vice president of TX Riverwalk Residences, LP. “We sold six residences alone in the last three months, totaling $5,054,600 in closings. The surge of activity in the fourth quarter demonstrates promising momentum.”
In 2014 the Texas Association of Realtors reported that townhomes and condominiums were the most popular housing option in the Texas housing market. The report indicated that more and more people are moving to high-rises, whether it is due to a desirable lock and leave lifestyle, or because the average price for condominiums is considerably less than other housing types in the Texas market.
“There has been an exceptionally high level of interest in the Penthouse Residences, which are now in short supply. The market is hot and prices are escalating, but Alteza is priced to sell. We are thrilled with Alteza’s continued success and look forward to another year of record breaking numbers,” said McCall.
Not only are people selecting condominiums as a preferred home, but they are also choosing to live downtown.
Boasting incredible views and great real estate value, it is no surprise that San Antonio is one of the fastest growing cities in America. San Antonio truly is a city in motion, and Alteza residents are right in the middle of all the action. Adjacent to the River Walk and conveniently located within walking distance or a short drive to an abundance of restaurants, entertainment, historical sites, shopping and much more, Alteza allows residents easy access to all the Alamo City has to offer. Downtown’s new HemisFair Park, which sits adjacent to Alteza Residences, is expected to bolster the already flourishing economy. Plans released by HemisFair reveal that it will spend approximately $5.5 million developing seven acres of the southwest corner park. Alteza Residences’ homeowners will be in a prime position to enjoy HemisFair’s amenities.
Alteza Residences, located in the rich and diverse cultural center of downtown San Antonio, sits atop the Grand Hyatt overlooking the booming downtown. Alteza Residences is comprised of 147 exquisitely designed, spacious residences boasting up to 4,451 square feet. Prices begin in the mid $300s for one-bedroom homes, mid $500s for more spacious two-bedroom homes and spectacular penthouses are available starting at $998,900. Alteza Residences combines luxury living with the exceptional service of a world-class hotel to make the living experience incomparable. Ranked #2 by Forbes Magazine “ for big cities stealing financial jobs from New York City,” San Antonio is recognized nationally as a city in motion. The city’s downtown is known as a chic urban address for up and coming living. Alteza Residences is San Antonio’s top selling condominium and was awarded Downtown San Antonio’s “Best of Residential” by Downtown Alliance San Antonio. Alteza is located at 610 E. Market Street and designer models are open daily. For more information, please call.210.212.8400.