Intracorp has secured a reported $173 million construction loan from BGO for Leland South Congress, a 265-condominium project at 2121 S. Congress Ave. in Austin. Austin Business Journal reported on October 6, 2026, that construction had commenced; the project is expected to be completed in 2029.
Who is financing and building Leland South Congress?
Austin Business Journal reported that BGO provided the $173 million construction loan to Intracorp, the developer, for Leland South Congress. The publication reported the loan alongside the project’s construction commencement on October 6, 2026. No direct financing announcement from Intracorp or BGO is established in the available reporting, so the transaction details are attributed to the publication.
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Austin Business Journal identifies Leifer Properties as co-developer, with Northland Properties and Aron Industries as partners. Andres Construction is handling vertical construction. Kirksey Architecture is the lead architect, Nudge Design is the landscape architect, and Michael Hsu Office of Architecture designed and programmed amenity spaces. Douglas Elliman Development Marketing is marketing the homes, while Shop Companies is handling retail leasing.
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1Clear out junk files and repair common Windows errors2Scan for outdated or missing drivers - takes under a minute3Repair Windows errors before they cause bigger problemsWhat is planned for the site?
Leland South Congress is planned as a seven-story condominium development at 2121 S. Congress Ave., at the intersection of South Congress Avenue and Live Oak Street. Austin Business Journal reports that the roughly 2.8-acre site spans five lots and had previously held a gas station, auto shop, nursing and rehabilitation center, and parking lot; those structures have been demolished.
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- Homes: 265 condominiums, with studios and one-, two-, and three-bedroom options listed on Intracorp’s project page.
- Building area: Approximately 635,000 square feet, according to Austin Business Journal.
- Retail and dining: Nearly 22,000 square feet of ground-floor retail and a 6,000-square-foot outdoor dining paseo, as reported by Austin Business Journal.
What are the reported prices and presales?
Austin Business Journal reported that 45% of the homes were presold and gave prices ranging from $400,000 for studios to $3 million for penthouses, citing confirmation from an Intracorp representative for the pricing. Homes.com News also reported 45% presales on October 8, 2026, but described penthouses as exceeding $3 million and said the loan agreement was finalized October 1, attributing that timing to a release. The upper-end price descriptions differ; these are reported figures, not a statement of current availability or live asking prices.
Independent reader supportYour contribution helps us test, update, and keep practical guides available for everyone.When is Leland South Congress expected to be finished?
Austin Business Journal reported an expected completion in 2029. That is a projected schedule, not a guaranteed delivery date; construction timing can change.
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