FAQ

Yes, residences with floor plans from 1 to 5 bedrooms are currently available for sale, delivering 2025. Leases are anticipated to become available in the latter part of 2025. Explore the latest availability and inquire today to speak with a Modern sales team agent.

The Modern Austin Residences will have 299 market-rate homes.

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Follow us on social media for the most up-to-date information (@themodernaustin on Instagram and Facebook), and be sure to fill out the registration form on this website. A member of our sales team will reach out within 24 hours.

Earnest money payments will be broken down into two payments.

• At contract signing, you will pay 5% of the base purchase price
• 60 days after contract signing, you will pay an additional 5%
• Both owner-occupied homes and Investor homes will pay 10%
• Earnest Money payments will be held in escrow by Heritage Title Company until closing.

No, all pricing and contract details are as is and will not be modified.

Yes, there will be a 35% investor cap.

Those who buy as an investor will receive a leasing permit and be able to lease their residences. We are currently out of leasing permits, but you may join the leasing waitlist for a fee.

No, we have a 6-month lease requirement within the building.

• We will have 20 affordable housing residences in the building for purchase. 17 one-bedroom, 2 two bedrooms, and a 3 bedroom. These will be sold closer to the completion of the building in 2025.
• Qualifications will be based on 80% of Austin’s Median Family Income.
• MFI is recalculated by the City every summer. For the current MFI chart, click HERE
• For those interested in affordable housing residences, please indicate your interest on your online inquiry form or when speaking with a sales team member. We will reach out to those interested parties closer to the completion date of the building in 2025. We will be sending you updates on building progress via our monthly newsletters.
• To explore The Modern Austin Residences Affordable Housing Brochure, click HERE

Our estimated HOA fees will be ~$0.75 per sqft.

Yes, Urbanspace Real Estate is composed of Real Estate Agents themselves. We are happy to work with your Buyer’s Agent but ask that they be there at your initial meeting as well as your contract appointment.

Yes, our accessible homes are designated with a “-A” after the floor plan name.

Explore our Penthouse Brochure , HERE

Urbanspace Interiors has created a full closet package from Molteni & C for each residence at The Modern. These Italian closet systems are a beautiful addition to your home, and offer thoughtful, flexible shelving to maximize storage capacity, in color palettes that compliment the interior finishes of the residences. If you would like more information regarding closet customization options for The Modern, one of our associates will be happy to help — please email closets@urbanspaceinteriors.com to get started.

With decades of experience working with thousands of homeowners to buy, sell, design, and furnish their downtown Austin condos, Urbanspace understands the little things, both good and bad, that come with condo living. We designed The Modern Austin Residences to incorporate more of the good, and create out-of-the-box solutions for the rest. We understand how a space lives, and we wanted to create a vertical community that applied everything we've learned. Check out the timeline of The Modern Austin Residences.

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