A couple of weeks ago, I noticed The Terminal condos had hit MLS in pre-sale mode. What’s The Terminal? It’s a new 19-unit condo building bound by Fitzhugh, Buena Vista Street, and the Katy Trail scheduled for completion in 2021. You may recall seeing it mentioned as one of the cases vetted by the Oak Lawn Committee last November (when it had 25 units). Well, the renderings are final, the floor plans set and the prices (gasp!) have been announced.
As a quick review, the name is derived from the fact the Katy Trail was originally a train line. The architecture hat-tips that history with large, arched glass openings on the first and second floors. Those floors will be amenity space and public space for eateries abutting the Katy Trail. Along Buena Vista, one of the arches is a public walkway connecting to the trail. Along the far end is a pocket park. Keen eyes will note the power lines – we’ll talk about them later.
Of the 19 units, seven have been listed on MLS – typical ploy in new developments when you want scarcity to drive interest. Unit sizes range from 2,471 square feet (two-bed/two-and-a-half-bath) to the full-floor penthouse shell at 6,577 square feet with another 2,901 square feet of terrace. Prices for the seven MLS listings are from the oddly specific $2,527,445 to $6.65 million. Because of the differing sizes of the units, they’re actually trading in a very tight band of price per square foot of between $1,011 to $1,096.54 – for a mid-rise barely above a busy road with power lines so close you might almost be able to touch them. That’s some mighty high-cotton.