Station at St. Elmo Blows By Records in Five Hours

The 132 condos that comprise The Station at St. Elmo completely sold out in five hours during a same-day virtual sales launch event held this month by Legacy Communities and Legacy Performance Capital. Both Legacy firms are investors in South Austin’s up-and-coming St. Elmo Neighborhood.

When completed, the new property will capture the St. Elmo area’s industrial revitalization, ultimately creating a mixed-use community resembling a modernized warehouse from the early 1900s.

“To date, I know of no other real estate company that sold every condo in one community within a few hours of hosting a virtual sales launch. We attribute that to Austin’s popularity, an already high housing demand,” said Philip Jalufka, Legacy Performance Capital CEO, who’s also president and CEO of Legacy International.

Set to break ground in August 2021, the $40 million-plus development will include a North 4 story and South 3 story building housing studio suites and one- to three-bedroom condos priced from the mid-$200,000 to the $600,000-plus range with access to several gathering areas and lounges.

“Austin’s housing and condo supply hasn’t kept pace with the continued strong demand, especially in the formerly industrial St. Elmo district that has become an easily walkable, up-and-coming shopping, dining, entertainment district with some 1.4 million square feet of residential, commercial real estate either proposed or under construction,” adds Cass Brewer, Legacy DCS president and CEO.