Austin Blog

​​​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.

[](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/)

​​AUSTIN – Atlanta-based MDH Partners LLC is developing MDH Logistics Center,
a 215,0​00-sf industrial project at 4777 E. SH 71.

Construction on the $16 million project begins in April 2023 and wraps up in
November 2023.

ADB Design Services is the designer.

​ROUND ROCK – The St. David's Round Rock Medical Center at 2400 Round Rock
Ave. is receiving a $53.1 million expansion that​ will add two floors to the
hospital.

Additions will include a 34-bed patient care unit, four operating rooms, and
support spaces.

Once complete, the hospital will have five stories, 200 beds, and 11 operating
rooms.

Construction finishes in 2023. The project is part of a $953 million​ multi-
phase expansion.

​​​​​AUSTIN – O-SDA Industries is developing Saison North, a 116-unit
affordable housing project ​at 10010 N. Capital of Texas Hwy.

The complex will have one-, two-, and three-bedroom floor plans. Seventy-six
units wil​​​l be ​​reserved for residents earning up to 30, 50, and 60 percent
of the area me​dian income.

Amenities will include a fitness center, business center, leasing office, and
clubhouse.

Hunt Capital Partners provided $14.1 million in construction financing​.
Completion is slated for May 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: [Connect CRE​](https://www.connectcre.com/stories/hunt-capital-buys-
austin-affordable-housing-project/)

​​​AUSTIN – Wayfinder Real Estate LLC has begun work on Lookout, a 241-unit
Class A apartment and townhome development at 13059 Four Star Blvd.

The 231 apartments will come in one-, two-, and thr​ee-bedroom floor plans
ranging from 568 to 1,522 sf. The ten townhome units will each be 1,547 sf
with two bedrooms and two-and-a-half bathrooms.

OHT Partners is the general contractor, Davies Collaborative is the architect,
and Wayfinder Design is the interior designer.

Completion is slated for 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: _[Austin Business
Journal](https://www.bizjournals.com/austin/news/2022/11/08/dripping-springs-
apartment-construction-lookout.html)_

​​​AUSTIN – Sixth & Guadalupe, a 66-story residential and office tower at 400
W. Sixth St., has topped out.

The tower will have 349 apartments ​in studio and one- to three-bedroom floor
plans ​and as 24 penthouses.

There will also be 589,000 sf of Class A office space across 19 floors.

Kairoi Residential, Lincoln Property Co., and DivcoWest​ are the developers.
Gensler designed the project. J.E. Dunn Construction is the general
contractor.

Sixth & Guadalupe will be fully complete in late summer 2023.​

​ROUND ROCK – The Medve Group has acquired Parkwood Terrace, a 144-unit
multifamily complex at 1201 E. Old Settlers Blvd.

Parkwood Terrace has one-, two-, ​and three-bedroom units ranging from 777 to
1,300 sf.

Amenities include a business center, fitness center, clubhouse, and pool.

Institutional Property Advisors represented the seller, Langdon Street
Capital, and procured the buyer.

[](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: [REJournals](https://rejournals.com/institutional-property-advisors-
brokers-multifamily-sale-outside-of-austin/)

​​​AUSTIN – Legend Communities has broken ground on the first phase of The
Square at Lohmans, a mixed-use development at 1931 Lohmans Crossing.

The project will ha​ve residential office, retail, restaurant, and hotel
space.

Residential offerings will include 150 homes of various offerings and 210 age-
restricted multifamily units.

Construction will take five years.

Brigance & Doering Inc. is the civil engineer. ​