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Local NewsResidential

Affordable senior-living project on the way to Austin

​​​​AUSTIN – DMA Development Co. LLC is developing Arbor Park, a $17 million
senior-housing facility.

The four-story project will have 147 units for adults aged 55+. Some units
will be reserved for tenant​s making below 80, 50, or 30 percent of the area
median income.

It will have a large community area with a kitchen, ground-floor library,
private courtyard, fitness center, floor lounges, laundry facilities, and high
ceilings.

Opening is slated for late 2023.

[![texaslogo.png](https://assets.recenter.tamu.edu/Images1/NewsTalk/NTTInfo.png)](https://www.recenter.tamu.edu/articles/technical-
report/Texas-Quarterly-Commercial-Report)Looking for more [Austin-area senior
living news? ](https://txrec.io/34h22SX)The Texas Real Estate Research
Center's got you covered. ​

​​Source: [Connect CRE​](https://www.connectcre.com/stories/affordable-senior-
rental-project-begins-to-take-shape-in-austin/)

Austin Real Estate News
Local NewsResidential

Georgetown acres becoming industrial project

​GEORGETOWN – Bridge Logistics Properties has purchased 92.5 acres at 5501 S.
I-35 for the development of a seven-building industrial property.

Bridge Business ​​Park will inclu​de at least one million sf of industrial
space and 30,000 sf of office space.

The two largest buildings will be 298,080 and 274,320 sf with 36-ft clear
heights. ​

The next four buildings will range from 77,760 to 174,720 sf. They will have
32-ft clear heights.

Amenities will include walking trails, an outdoor pavilion, and pickleball
courts.

Bridge received approval for an annexation and zoning request for the property
last year.

Construction will begin in fourth quarter 2023. Delivery is slated for fourth
quarter 2025.

Austin Real Estate News
Local NewsResidential

Seattle buyer acquires second Texas property

​​​​AUSTIN – Seattle-based Security Properties Inc. has purchased the
Brightleaf at Lakeline multifamily community from Lakeline ATX LLC.

The Class A project, which delivered in 2022, is near Lakeline Mall at 14115
N. US 183.

The community has​ 304 one- and two-bedroom apartments averaging 880 sf. It
consists of three mid-rise​ buildings and five carriage-style buildings on
12.3 acres​.

[![texaslogo.png](https://assets.recenter.tamu.edu/Images1/NewsTalk/NTTInfo.png)](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/2022/12/28/security-
properties-gains-foothold.html)_

Austin Real Estate News