THE AUSTIN READING ROOM
Search Austin real estate advice and local reporting. Keep useful historical context separate from the source checks you need for your next move.
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AUSTIN – Foundation Communities is turning the Townplace Suites at Marriott into an affordable housing community called Balcones Terrace. The $26.5 million project will have 123 efficiency units. Thirty-one will be for those earning at or below 30 percent of the median family income, 31 for those
AUSTIN – New York-based Related Companies is planning a 15-story office tower called One Ladybird Lake. It will be at 208 Barton Springs Rd. on the current site of the Hyatt Regency Austin's parking lot. Construction begins late next year with completion slated for late 2025.
AUSTIN – Industry ATX is developing a townhome project on Keilbar Ln. called Industry Soma. Industry Soma will have three- and four-bedroom options averaging 1,100 sf. The 23 attached townhomes will be reserved for residents making 80 percent or less of the area median income. Mark Odom Studio
KYLE – Palladius Capital Management has purchased Citizen House Kyle, a 342-unit, Class A complex at 3400 Kyle Crossing. The luxury community has one- and two-bedroom units ranging from 800 to 1,250 sf. Amenities include a pool, clubhouse, fitness center, outdoor lounge, and coworking space. E
BUDA – Alliance Industrial has started construction on a 157,450-sf speculative project called the Corridor Commerce Center. Located on 12 acres along I-35, the building will have 32-ft clear heights, two drive-in doors, and an ESFR sprinkler system. Seeberger Architecture designed the proje
CEDAR PARK – Florida-based TerraCap Management has purchased Latitude at Presidio, a 337-unit multifamily complex at 3440 Ranch Trails. The community has one-, two-, and three-bedroom units averaging 959 sf. Amenities include a pool, fitness center, game room, coffee bar, dog park, and outdoo
NORMAL PRICE GROWTH AND INCREASING INVENTORY CONTRIBUTE TO AUSTIN-ROUND ROCK MSA HOUSING MARKET’S CONTINUED STABILIZATION CENTRAL TEXAS HOUSING REPORT AUSTIN, TX — The Austin-Round Rock MSA housing market continued its normalizing trend for the third consecutive month, boosted by a more sustainable
AUSTIN – Gearspace is developing a six-acre project consisting of 68 multi- purpose, individually owned garage condos. The project at 14714 Fitzhugh Rd. will have condos ranging from 1,600 to 3,500 sf. Each unit will include a 14-ft by 14-ft garage door and a mezzanine with 12 ft of clearance
AUSTIN – The Geyser Group is developing a 250-unit apartment complex with 125 affordable-housing units. The project at 2900 Oak Springs Dr. will have studio and one-, and two-bedroom units ranging from 450 to 1,100 sf. Manhard Consulting Ltd. is the civil engineer. Construction begins in first
BASTROP COUNTY – SpaceX is constructing a $43 million, 521,521-sf shell building. Completion is slated for July 2023.
AUSTIN – Greysteel has arranged the sale of University Quarters, an 84-unit student housing complex at 2801 Hemphill Park. Built in 1978, the property has one-bedroom units averaging 450 sf. [](https://www.recenter
LOCKHART – West Virginia-based The Ziegenfelder Co. is planning a 42,000-sf frozen treat manufacturing facility. The $30 million project will make over 2.5 million Budget Saver Twin Pops a day and create over 100 jobs. In April, the company purchased the seven-acre site in the 130 Industria
AUSTIN – Lincoln Property Company and Kairoi Residential have broken ground on Waterline, a 74-story high rise at 98 Red River St. At 1,022 ft, the project will be the tallest tower in Texas, beating out Houston's JPMorgan Chase Tower by 20 ft. Waterline will have 352 apartment units, 700,00
AUSTIN – Sterling Equities has purchased Zoey Apartments, a 306-unit luxury community in the East Riverside neighborhood. The project has 38 affordable units, a fitness area, pool, rooftop lounge, bike storage facility, dog wash area, co-working spaces, and recreation areas. The seller, Michaels
HUTTO – Empire Group has purchased 30.6 acres east of SH 130 for Village at Hutto Station. The 276-unit build-to-rent project will have one-, two-, and three-bedroom homes, a pool, fitness center, community clubhouse, outdoor grilling areas, and private backyards. Land Advisors brokered the deal.
ROUND ROCK – RightQuest Residential has sold Siena Round Rock Apartments, a [newly constructed luxury community](https://www.recenter.tamu.edu/news/newstalk-texas/?Item=25399) at 6531 County Rd 110. The community has 198 one- and two-bedroom units and was 97 percent leased at the time of sale
GEORGETOWN – Molto Properties has started construction on Blue Springs Business Park, a 604,064-sf industrial park at 610 Blue Springs Blvd. The project will have three buildings ranging from 124,914 to 310,366 sf. Buildings will have 32- to 36-ft clear heights, 180- to 210-ft truck court depths
AUSTIN – Epicor Software has signed a 45,496-sf headquarters lease in the Las Cimas neighborhood. CBRE represented the tenant. Cushman and Wakefield represented the landlord, Rockpoint.
AUSTIN – Beacon Capital Partners has purchased The Foundry from Tishman Speyer. The two-building, 240,000-sf office complex was 96 percent leased at the time of sale. Cushman & Wakefield represented Tishman Speyer, which purchased the two buildings in [January 2021 ](https://www.recenter.ta
AUSTIN – Generational Commercial Properties and DivcoWest are developing a seven-story office tower at 218 S. Lamar St. Called Zilker Point, the project will have 192,000 sf of office space, 15,000 sf of retail space, and 635 parking spaces. Amenities will include a fitness center, community art
SAN MARCOS – SafeHand Holdings LLC has picked up a 681-acre development site along SH 142 called Turner Crest. The site will house residential and commercial space. Walton Global was the seller. TRE Commercial represented SafeHand.
AUSTIN – Disrupt Equity has acquired Array Apartments, a 369-unit multifamily complex at 2101 Burton Dr. Built in 1973, the community has one-, two-, and three-bedroom options. Amenities include two pools, two dog parks, a sports court, clubhouse, outdoor grilling, and onsite laundry faciliti
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MANOR – RangeWater Real Estate has broken ground on The Darby, a 25-acre multifamily community near the Shadow Glen Golf Club and Austin Executive Airport. The property will have 24 townhomes, 326 apartment units, a fitness center, private garages and outdoor areas, and common-area amenities. The