Central Health acquires a 116,000-sqft office complex at Cameron Rd, Austin, to house clinics, pharmacies, detox centers, and respite care beds for the homeless.
AUSTIN – Hankwood Ventures has purchased 900 West, a 52-unit student housing
complex at 900 W. 23rd St.
Built in 2003, the community has two- and three-bedroom floor plans ranging
from 907 to 1,171 sf. Rents range from $1,300 to $3,200 per unit.
iBurrow provided $11.2 million in acquisition financing.
[](https://www.recenter.tamu.edu/articles/technical-
report/Texas-Quarterly-Commercial-Report)The Texas Real Estate Research Center
has more news like this online for free:
* [ _Texas Quarterly Apartment Report_](https://www.recenter.tamu.edu/articles/research-article/TexasQuarterlyApartmentReport-2242)
* [Austin multifamily news](https://txrec.io/2PoQABe)
Source: [Connect CRE](https://www.connectcre.com/stories/ut-student-housing-
asset-changes-hands/)
AUSTIN – Stream Realty Partners has partnered with Barings on the
development of a six-story office building.
Amenities will include a rooftop patio, ground-floor paseo with access
to the Lance Armstrong bikeway, private patios on each floor, and ground-
floor café and marketplace restaurant.
HKS Architects designed the building.
Construction begins in early 2023 and will finish in late 2024.
AUSTIN – The Teacher Retirement System of Texas (TRS) has sold its
headquarters building.
The 198,972-sf facility is on 3.8 acres at 1000 Red River St.
TRS will continue occupying the building until its [new headquarters opens in
2024.](https://www.recenter.tamu.edu/news/newstalk-texas/?Item=26535)
Austin Real Estate Acquisitions LLC acquired the property for $108 million.
GEORGETOWN – Ascension Seton has broken ground on a 60,000-sf
healthcare facility within Wolf Lakes Village.
The facility will include an outpatient surgery center, women's imaging,
cardiovascular care, gastroenterology, orthopedics, dermatology, and
reconstructive surgery.
GEORGETOWN – Novak Brothers Development Group has started on Rise 510, a
301-unit multifamily project on 12 acres in the Wolf Lakes Village master-
planned community.
Amenities will include a pool, fitness center, hiking trails, and one-acre
community park.
Construction wraps in summer 2024.
[](https://www.recenter.tamu.edu/articles/technical-
report/Texas-Quarterly-Commercial-Report)The Texas Real Estate Research Center
has more news like this online for free:
* [ _Texas Quarterly Apartment Report_](https://www.recenter.tamu.edu/articles/research-article/TexasQuarterlyApartmentReport-2242)
* [Austin multifamily news](https://txrec.io/2PoQABe)
Source: [REBusiness Online](https://rebusinessonline.com/novak-brothers-
breaks-ground-on-301-unit-multifamily-project-in-metro-austin/)
AUSTIN – The city has approved plans for Aspen Heights Partners to convert
the former Health South office towers into a 37-story residential and
commercial project.
Of the 921 rental units, 232 will be designated as affordable. The plan also
calls for 35,000 sf of commercial space and a childcare center.
Civilitude will be the engineer. STG Design will be the architect.
BUDA – Buda Midway Phase I, a three-building, 474,465-sf, Class AA
industrial park, has been sold.
The project is on 35.3 acres at 1795 Fire Cracker Dr. It has two rear-load and
one cross-dock building with 30- to 36-ft clear heights, 138 dock doors, 60
trailer parking spaces, and 678 parking spaces.
The recently delivered buildings are fully preleased to CED Greentech, Sherri
Hill, and Four Hands.
JLL represented the seller, a joint venture between United Properties and PCCP
LLC.
Phase two will include four rear-load buildings totaling nearly 390,000 sf.
Completion of the first building is set for spring 2023.
AUSTIN – The Related Cos. LP has purchased six acres at 500 S. Congress
Ave. for $65 million.
The site has apartments, two commercial buildings, and over 70,000 sf of
office space.
World Class Holdings was the seller.
AUSTIN – Park7 Group is developing a 30-story tower at 2200 San Antonio
St. near the University of Texas.
The 246,000-sf building will have 216 multifamily units.
Rhodes Partners is the design firm.
Construction begins in early 2024 and wraps in May 2025.
[](https://www.recenter.tamu.edu/articles/technical-
report/Texas-Quarterly-Commercial-Report)The Texas Real Estate Research Center
has more news like this online for free:
* [ _Texas Quarterly Apartment Report_](https://www.recenter.tamu.edu/articles/research-article/TexasQuarterlyApartmentReport-2242)
* [Austin multifamily news](https://txrec.io/2PoQABe)
Source: _[Austin Business
Journal](https://www.bizjournals.com/austin/news/2022/09/29/crane-
watch-i35-industrial-south-austin-congress.html)_