Austin-area developer Capsa Ventures has started the foundation pour for Fourth&, a new condo community designed around energy-efficiency and sustainable power. The East Austin development is on track to receive a four (out of five)-star rating from the Austin Green Energy Building scorecard for its wide variety of energy-efficient features and amenities.
The entire community will be delivered with 100% LED lighting, low-E windows, and Energy Star–rated appliances. The most distinctive environmentally friendly feature at Fourth & will be the array of photovoltaic solar panels on the building's roof, which will be provided along with conventional power lines. In addition to offsetting residents' electrical costs, the energy supplied by the panels is intended to reflect excess heat and reduce the building’s overall carbon footprint.
Fourth& is slated for completion by the summer of 2017, with 97 new residential units and 42,000 square feet of commercial space. Starting prices for the residential side range from $250,000 for a 512 square-foot microloft to just under $600,000 for a multi-level urban walkup. The building's commercial space has been offered for sale instead of lease, and prices range from $385 to $425 per square foot.