Malik Julien has a bedroom and bathroom all to himself. But that’s not what sold him on his apartment in the East Riverside neighborhood.
“What was really attractive was the price,” said Julien, a sophomore at UT Austin. He pays $545 for his share of the four-bedroom, four-bathroom apartment at Town Lake Apartments. “This is probably the cheapest apartments for students that I know of.”
But in a few years, Julien’s apartment building, along with four others, will be demolished. Austin City Council members voted in October to rezone the land they sit on just south of Lady Bird Lake so owners can build new office, commercial and residential space. The project, which has been dubbed the “Domain on Riverside,”