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 – Wayfinder Real Estate has sold Troubadour, a 321-unit multifamily community at 3403 Harmon Ave.
The six-story complex has one-, two-, and three-bedroom units. Sixteen are reserved for residents making less than 80 percent of the area median income.
Amenities include an outdoor movie theater, rooftop terrace, resort-style pool, and multiple courtyards.
Troubadour is expected to reach 93 percent occupancy by the end of August.
The buyer was an affiliate of Christopher Investment Co.
The Texas Real Estate Research Center has more news like this online for free:
Texas Quarterly Apartment Report Austin multifamily news Source: Buie ＆ Co. Public Relations
AUSTIN – Stratus Properties is developing The Saint George, a 316-unit multifamily community near the University of Texas.
Plans call for a pool, fitness center, rooftop deck, and communal workspaces.
About 10 percent of units will be allocated as affordable housing.
Comerica Bank provided a four-year, $56.8 million construction loan.
Construction begins soon and wraps in mid-2024.
The Texas Real Estate Research Center has more news like this online for free:
Texas Quarterly Apartment Report Austin multifamily news Source: REBusiness Online
LEANDER – AHV Communities is planning a 224-unit build-to-rent community.
The complex will have three- and four-bedroom homes ranging from 1,500 to 1,900 sf.
Amenities will include a pool, fitness center, dog park, and game courts.
Construction begins in first quarter 2023.
BEE CAVE – The city council has approved the rezoning of 22 acres for the construction of a 340-unit multifamily complex in this city west of Austin.
Developer The Morgan Group plans for the community to span ten buildings with 340 apartment units and 59 attached townhomes.
Three-and-a-half acres will be allocated for scenic trails and two overlooks of the Balcones Canyonland Preserve.
The project is expected to be complete in three to five years.
MANOR – The city council has unanimously voted to rezone 63 acres south of US 290 for a 335-townhome project.
The community will have mostly three- and four-bedroom townhomes ranging from 1,100 to 1,700 sf. All homes will have a backyard and garage.
Amenities include a clubhouse, gym, pool, and 11 acres of open space with a dog park.
Mill Creek Residential is developing the site.
GEORGETOWN – LRIC Properties has sold the Republic Square shopping center at 900-930 N. Austin Ave. to a California-based partnership.
The 113,772-sf center is almost 93 percent leased, housing tenants such as Dollar Tree, Harbor Freight, Starbucks, Chipotle, Pizza Hut, and more.
Disney Investment Group brokered the sale.
GEORGETOWN – The city council has approved construction of two self-storage facilities spanning a combined 250,000 sf.
The properties will be at 1301 NE Loop and 2701 E. University.
Plans for both sites call for three-story buildings and over 120,000 sf. The University site will have an additional 8,500 sf of rentable commercial space.
Mauldin Architects will design both projects. Construction begins later this year.
SAN ANTONIO – The city has begun construction on The Link, a public pathway connecting the San Antonio Riverwalk and the San Pedro Creek Culture Park.
Universal Services Group's $400 million project will include green spaces, water features, and public art. A Dream Hotel will anchor one end of the pathway.
The city has allocated $41 million to begin work.
AUSTIN – Tesla has filed plans with the city to build a 500,000-sf addition to its newly opened Gigafactory at 13101 Tesla Rd.
The current facility, which opened in April, spans over four million sf.
The expansion will include two new assembly lines.
