Capsa Ventures, the developer of the FOURTH& Condos in Austin, Texas, announced they would provide free electricity to PG&E customers if they buy a condo in their 102-unit building near downtown Austin. The announcement came immediately after PG&E declared bankruptcy in January.
“With the mounting uncertainty PG&E customers must have, we want them to know we’ll take care of them if they decide to relocate,” says Scott Sproat, Director of Marketing & Project Sales for Capsa Ventures.
The Austin condo development promotes responsible energy consumption and received a 5 (out of 5) star rating through the Austin Energy Green Building program, the nation’s most successful sustainable building program.
Photo by Bruce James.
“We have a responsibility to be good stewards of the land we develop,” says Rance Clouse, CEO of Capsa Ventures. “Through extensive pre-planning, our team was very intentional with the materials we included at FOURTH&.” The New York Times even included FOURTH& in an article titled “The Many Faces of Innovation In U.S Cities.” With 600 solar panels on the roof, 100 percent LED lighting throughout and an extraordinary building envelope, anyone living here will see significantly reduced energy and water use. The condo project offers “Texas-sized” micro-loft (efficiency) units that are just over 500 square feet to two-bedroom, two and a half bath Urban Walk-Up units that are over 1,400 square feet. Pricing starts in the $250s for micro-loft units. The offer includes a $500 voucher for airfare and all electricity bills for their new condo to be paid for 12 months when new residents purchase and move into any available unit.