SoCo Lofts to be Built

Further on down the road, it looks like there's even more new construction proposed in the form of two more residential buildings. Although they are being touted as the "SoCo Lofts", the location seems too far south on South Congress to be called SoCo. The new lofts are proposed to be built one block south of Highway 290 West on Congress. That's mighty far from the center of the SoCo district. The other lofts are proposed for the corner of South Lamar and Bluebonnet Avenue and will be called SoLa...ok, that's stretching it. I just want to know what local businesses are they taking out at Bluebonnet and South Lamar to put up these SoLa Lofts? I don't know if all this rush to develop is such a good idea if it means demolishing local businesses.

$50M SoCo Lofts set for Congress
Austin Business Journal - 3:10 PM CST Wednesday

A $50 million multifamily and retail project is being planned for South Congress Avenue.

Austin-based Symcox Development is developing the project, called SoCo Lofts, which will feature more than 300 apartment units, 69 condo lofts and about 21,000 square feet of restaurant and retail space. The retail space is being called the Shops at SoCo.

Symcox Development is developing the project in partnership with Tierra Capital and Greystar Real Estate, according to Symcox Development's Web site (www. symcoxdev.com).

Jay Symcox, president of Symcox Development, spent more than three years developing the site plan and obtaining city and neighborhood approvals.

The site is off the southeast corner of Congress Avenue and Alpine Road, one block north of U.S. Highway 290 West.

Symcox Development also plans to begin construction on the SoLa City Homes during the second quarter of 2006. That projects will feature 48 townhomes on 3 acres at South Lamar Boulevard and Bluebonnet Avenue.