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 – The Connor Group has sold Barton Creek Villas to a fund backed by Goldman Sachs Asset Management. Built in 1998 at 2716 Barton Creek Blvd., the 250-unit community has one-, two-, and three-bedroom floor plans averaging 1,049 sf. Amenities include a pool, fitness center, clubhouse with
AUSTIN – California-based SecureSpace Self Storage has purchased three local self-storage facilities totaling approximately 1,600 units. Two properties are within the city limits at 8200 S. I-35 Service Rd. and 8327 S. Congress Ave. The third is in Bee Cave. The properties are part of a lar
AUSTIN – Kittle Property Group is developing a 363,000-sf multifamily community near Samsung's new semiconductor factory. The $31.4 million property will have 12 residential buildings, nine garage buildings, and a clubhouse. Construction begins this fall and will be finished in 2025. [
AUSTIN-ROUND ROCK MSA HOUSING MARKET CONTINUES TO NORMALIZE AS PRICE GROWTH SLOWS, INVENTORY RISES CENTRAL TEXAS HOUSING REPORT AUSTIN, TX — The Austin-Round Rock MSA housing market continued to trend towards more normal and sustainable levels in July, according to the Austin Board of REALTORS® July
AUSTIN – Locally based Zion Capital Group LLC has purchased five multifamily properties totaling 325 units. MCP Mueller Place LLC sold Mueller Place Apartments to Zion. The portfolio is comprised of the 86-unit Mueller Place I at 5800 Wellington Dr. and 24-unit Mueller Place II at 6301 Berkman
SAN MARCOS – Highpointe Communities has started on Sendero at Trace, a 399-unit multifamily complex. The $73 million project will have one-, two-, and three-bedroom options ranging from 775 to 1,300 sf. Amenities will include a pool, fitness center, clubhouse, and outdoor gathering space. Units
ROUND ROCK – IDI Logistics is developing Sunrise Commerce Center, a 465,660-sf industrial project at 2380 Oakmont Rd. Phase one will include three buildings totaling roughly 311,000 sf. Phase two includes two build-to-suit buildings totaling155,000 sf. Construction begins in September 2022. Adol
AUSTIN – Habitat for Humanity has received a $4 million loan from the Austin Community Fund to construct 150 affordable single-family homes. The homes are designated for residents making from 60 percent to 120 percent of the area median income. Donors include St. David’s Foundation, Tito’s Handmade
AUSTIN – Brookfield Residential Properties has broken ground on a 25-acre park within the Easton Park master-planned community. Skyline Park will include a splash pad, open lawn, public art, and two playgrounds. Construction will be complete in late 2023. The Texas Real Estate Research Center
AUSTIN – Utah-based REIT Extra Storage Space has acquired Woodland Self Storage at 1620 S. I-35. Built in 2019, the 92,288-sf climate-controlled facility has 952 units ranging from 25 to 300 sf. It was 70 percent occupied at the time of sale. JLL brokered the deal. Endeavor Real Estate Group was t
DRIPPING SPRINGS – Long View Equity and Endeavor Real Estate Group have purchased 5.6 acres for Sawyer Ranch, a 27,000-sf commercial project. The property will have 13,000 sf of office space and 14,000 sf of retail space. Sawyer Ranch is currently 55 percent preleased. Construction starts in firs
AUSTIN – Global Student Accommodation has purchased Waterloo Tower, a 796-bed student housing community at 2400 Seton Ave. Built in 2020, the 30-story tower has one- to six-bedroom floor plans ranging from 286 to 1,695 sf. It will be renamed Yugo Austin Waterloo. Amenities include a coffee sho
SAN MARCOS – Oaks 35 Apartments, a studio-centric community at 1635 Aquarena Springs Dr., is welcoming its first tenants on Aug. 15. The community has 100 studio apartments measuring 281 sf each. Amenities include a dog park, 24-hour fitness center, and pool. The complex was designed to serve stud
AUSTIN – MidCity Homes, a new division of locally based Cumby Group, is building a moderately priced single-family subdivision called Southstone. The 232-home community will be on 42 acres at 1300 W. Dittmar Rd. It will offer duplex homes starting in the high $400,000s, and single-family homes s
AUSTIN – Stratus Properties is developing The Saint George, a 316-unit multifamily community near the University of Texas. Plans call for a pool, fitness center, rooftop deck, and communal workspaces. About 10 percent of units will be allocated as affordable housing. Comerica Bank provided a fou
AUSTIN – Wayfinder Real Estate has sold Troubadour, a 321-unit multifamily community at 3403 Harmon Ave. The six-story complex has one-, two-, and three-bedroom units. Sixteen are reserved for residents making less than 80 percent of the area median income. Amenities include an outdoor movie theat
LEANDER – AHV Communities is planning a 224-unit build-to-rent community. The complex will have three- and four-bedroom homes ranging from 1,500 to 1,900 sf. Amenities will include a pool, fitness center, dog park, and game courts. Construction begins in first quarter 2023.
SOLD: 2040 Flintshire Dr, New Braunfels, TX 78130 ASKING PRICE $365K Excellent Opportunity in highly desired Park Ridge Estates. This 4 bedroom, 2 bath home has been meticulously cared for by the owner, with brand new hardwood flooring and new appliances. The owner also built a small doorway conn
BEE CAVE – The city council has approved the rezoning of 22 acres for the construction of a 340-unit multifamily complex in this city west of Austin. Developer The Morgan Group plans for the community to span ten buildings with 340 apartment units and 59 attached townhomes. Three-and-a-half acres w
MANOR – The city council has unanimously voted to rezone 63 acres south of US 290 for a 335-townhome project. The community will have mostly three- and four-bedroom townhomes ranging from 1,100 to 1,700 sf. All homes will have a backyard and garage. Amenities include a clubhouse, gym, pool, and
GEORGETOWN – LRIC Properties has sold the Republic Square shopping center at 900-930 N. Austin Ave. to a California-based partnership. The 113,772-sf center is almost 93 percent leased, housing tenants such as Dollar Tree, Harbor Freight, Starbucks, Chipotle, Pizza Hut, and more. Disney Investment G
GEORGETOWN – The city council has approved construction of two self-storage facilities spanning a combined 250,000 sf. The properties will be at 1301 NE Loop and 2701 E. University. Plans for both sites call for three-story buildings and over 120,000 sf. The University site will have an additional
AUSTIN – Pearlstone Partners is planning a 48-story residential tower on two vacant tracts at 62 and 64 East Ave. The development will have 245 condominiums. Construction begins in 2023 and will wrap up in 2026.
AUSTIN – Tesla has filed plans with the city to build a 500,000-sf addition to its newly opened Gigafactory at 13101 Tesla Rd. The current facility, which opened in April, spans over four million sf. The expansion will include two new assembly lines.