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DevelopmentsLocal NewsResidential

Construction Set to Begin on 48-Story Paseo Tower in Austin’s Rainey Street District

Smart Austin Realty Group is pleased to share that construction is set to begin on Paseo, a 48-story, 557-unit multifamily tower in the Rainey Street District in Austin. The project, scheduled to begin in the first quarter of 2023, will offer one-, two-, and three-bedroom floor plans, with approximately 20% of units reserved for affordable housing. In addition, there will be ground-floor restaurants and multiple levels of residential amenities. JE Dunn Construction will serve as the general contractor, while Pappageorge Haymes Partners will be the architect. UMB Bank is providing construction financing, and completion is planned for late 2025.

Paseo Tower Austin Real Estate
Local NewsResidential

“Tesla Begins Major Expansion of Austin Gigafactory”

Tesla is making a major expansion to its Austin Gigafactory located at 1 Tesla Rd. The $717 million investment consists of four separate buildings. The largest of these is Cell 1, a 693,093-sf facility. The other buildings are a 423,032-sf Drive Unit, a 321,186-sf Cathode, and a 2,560-sf Cell Test Lab. Construction on all four buildings will begin this month.

Austin Real Estate News
Local NewsResidential

“Apple Investing $100 Million in Austin: A Bright Spot in a Challenging Real Estate Market”

Good news for Austin! Apple is investing an additional $100 million into building out its new Austin campus. This is a great sign for the city and its real estate sector, which has been put at risk by big tech employers lately due to the recession and the work-from-home model. Facebook is slimming down in Austin, and there have been reports of coming layoffs at Amazon.com Inc. and Google Inc. Smart Austin Realty Group is here to help you navigate the Austin real estate market and find the perfect home for you and your family. Contact us today to learn more about our services and how we can help you find the perfect home in Austin.

Local NewsResidential

“Fairfield Inn & Suites in San Marcos Sold: A Look at What’s to Come”

The Fairfield Inn & Suites hotel located at 1250 N. I-35 in San Marcos has been sold. Built in 2015, the 108-unit hotel sits on 2.8 acres and features amenities such as a pool, fitness center, meeting space, and a convenience mart. The seller and buyer were both limited liability companies and Marcus & Millichap represented them. Smart Austin Realty Group is excited to see this hotel change hands and looks forward to seeing what the new owners will bring to the area.

Austin Real Estate News
Local NewsResidential

“Smart Austin Realty Group Excited to Announce IDI Logistics’ 465,660-Square-Foot Industrial Project in Round Rock”

Smart Austin Realty Group is excited to announce that IDI Logistics is developing the Sunrise Commerce Center, a 465,660-square-foot industrial project located at 2380 Oakmont Rd in Round Rock. The project will consist of two phases: phase one will include three buildings totaling 311,000 square feet and phase two will include two buildings totaling 155,000 square feet. Construction is set to begin in September 2022, and Adolfson & Peterson Construction will be the building contractor. In addition, Stream Realty, 5G Studio Collaborative, and Pacheco Koch Civil Engineering are part of the development team. We are thrilled to have this new industrial project in Round Rock and look forward to seeing the progress!

Austin Real Estate News