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Local NewsResidential

Dominium buying, expanding affordable housing community

​​DRIPPING SPRINGS – Dominium has acquired the Springs Apartments, a 76-unit
affordable housing community at 289 Springs Ln.

Built in 2001, the property ​has one- to three-bedroom units reserved for
residents earning no more than 60 percent of the area median income.

Dominium will construct 144 additional units and rehabilitate original units.
The project represents a $3 million investment.

[![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: _[Community Impact
Newspaper​](https://communityimpact.com/austin/southwest-austin-dripping-
springs/development/2022/11/30/affordable-housing-community-in-dripping-
springs-under-new-ownership/)_

Austin Real Estate News
Local NewsResidential

Ground Breaks on Shelby Ranch with Unique Ammeneties

​​​AUSTIN – Minnesota-based United Properties has started on Shelby Ranch, a
302-unit multifamily complex at 2212 Lynbrook Dr.

The project will have t​wo four-story buildings with studio to three-bedroom
options.

Amenities will include a pool, garden, arts and crafts studio, fitness center,
coworking lounge, and dog park.

Belshaw Mulholland Architects designed the project.

Completion is slated for late 2024.

[![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: [REBusiness Online​](https://rebusinessonline.com/united-properties-
breaks-ground-on-302-unit-shelby-ranch-apartments-in-south-austin/)

Shelby Ranch Apartment in Austin Texas