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Windy Ridge Apartments planned for RR 620 / Anderson Mill area

Windy Ridge Apartment Homes, a 120 unit development is being developed at
10910 N. RR 620 in Austin.


MUELLER MOVES AHEAD WITH MORE APARTMENTS

  • AUSTIN (Austin Business Journal) – AMLI Residential is ready to add apartments to a rapidly-growing master-planned community.
  • The firm announced it will build a 279-unit mid-rise apartment project on Simond Ave. in central Austin’s Mueller Town Center.
  • The property will include four or five stories of residential units as well as about 8,000 sf of retail space. Fifteen percent of the units will be available through Mueller’s Affordable Homes Program.
  • Groundbreaking is scheduled for first qtr 2013. The project’s completion is expected in late 2014.

Apartments are hot in Austin
With occupancy rates hitting 96% or more and rental rates also hitting record highs, developers are looking to get on the Austin apartment bandwagon. Average rents are now at $980 per month.

Fortunately, several complexes are either planned or under construction, which may help alleviate some of the pent-up demand

  • • 201 unit Wildflower Terrace
  • • 302 unit University Park
  • • 262 unit Corazon
  • • 300 unit RiverView
  • • 301 unit Mueller Phase II
  • • 150-unit M Station
  • • 230-unit Lakeshore Apartments
  • • 1,200-unit South Shore District
  • • 215-unit The District at SoCo
  • • 318-unit Lamar and Manchaca apartments
  • • 298-unit Post South Lamar
  • • 325-unit HPI Residential-Lakeline
  • • 244-unit Camden Amber Oaks, second phase
• 296-unit Colonial Grand at Double Creek - finished

All of the complexes are either under construction or planned.

5th Street Commons

Gables Residential Inc.&  Direct Development have developed 5th Street Commons, a mixed use project with 38000 sf of retail and restaurants & 138 residences to 5th Street between West Lynn and Campbell streets

.Firm plans four Austin apartment complexes worth $200 million

  •  
  • In its first push into luxury apartment development, Austin-based Cypress Real Estate Advisors plans to build four complexes in Austin that will total $200 million worth of new development and add 1,112 units to a multifamily market where rents and occupancies have risen to record levels.

  • Cypress' projects call for a 318-unit complex at South Lamar Boulevard and Manchaca Road; 302 apartment units at University Park, a planned mixed-use development on the former Concordia University campus north of downtown ; 262 units in Corazon, a project planned in the block bounded by East Sixth, East Fifth, San Marcos and Medina streets; and a 230-unit complex set for the South Lakeshore Boulevard area off East Riverside Drive and Tinnin Ford Road, where older apartments have been razed to make way for the new upscale units.

  • The Lakeshore project is scheduled to be the first to break ground, with road and utility work set to start in August, followed by construction on a three-story apartment building in September. It will be the first phase of a larger project planned for 50 acres that could also include townhomes and office space.
  • The other projects are scheduled to start next year, including a targeted March launch for Corazon, slated for an area where an eclectic mix of restaurants and other businesses is emerging. Corazon would be on land now occupied by food vendors, some of which Cypress hopes to incorporate into its development, which could open in June 2013.

  • The occupancy rate in the Austin metro area is "extraordinarily high" at 96 percent, Heimsath said. And the average rent for a two-bedroom unit reached an all-time high in June at $1,043 a month, a 5.5 percent increase from December, which "shows terrific strength in the local apartment market," he said.
  • Over the past 20 years, the Austin metro area, including southern Williamson and northern Hays counties, has had a net increase in leased apartments of about 4,000 units a year, Heimsath said.

  • Other area apartment complexes now under construction include:
  • Post South Lamar, a 298-unit complex that Post Properties Inc. of Atlanta is building at 1500 S. Lamar Blvd.
  • • The second phase of Camden Amber Oaks near Parmer Lane and RM 620 - 244 units that will be ready for tenants in March 2012

  • The University Park Apartments, planned for the former Concordia University campus, would have 302 units averaging 827 square feet. Construction could begin next summer and take a year.
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Captex forming new venture to build 1,000 apartments

  • Two Austin-based companies have teamed to form a new business that plans to build 1,000 apartments in four projects over the next two to three years across Central Texas, company officials said.
  • The first two projects are expected to be in the Lakeline Mall area, and one could be under construction before the end of the year.

  • The partnership comes as the region's apartment market is experiencing a resurgence. Rents rose to their highest level on record by the end of 2010 — an average of $731 a month for the average one-bedroom and $989 for the average two-bedroom — and leasing levels soared to an all-time high in 2010, according to Capitol Market Research, an Austin-based real estate consulting firm.
"
  • The first project could be on 22 acres at the northwest corner of Parmer Lane and Spectrum Drive, part of the Davis Springs Corporate Center project that HPI Real Estate and Captex developed, or on a 20-acre site in the same area that HPI and Captex hope to have under contract by Friday, said Fred Eppright, a partner with Captex along with John Simmons.
  • An application was filed Monday for a zoning change to a multifamily use for the 22 acres, he said.

  • HPI Residential intends to build apartments at Davis Springs even if it acquires the other site. It has an additional 25 to 30 acres on the 100-acre Davis Springs site that could be rezoned for apartments.

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Projects will add 780 apartments along East Riverside corridor

  • Two apartment projects announced several years ago along East Riverside Drive are ready to move forward as the local multifamily market heats up. With a third project under way, the plans will add 780 residential units to an area that has seen little new development in recent years.
  • Developers say that over the next several years, their projects will bring new investments and help reshape an area with a high crime rateAMLI Residential was the first developer to build a major new project in the area. The 375-unit AMLI South Shore apartment complex opened last year, and AMLI said leasing is ahead of expectations, with occupancy now at 73 percent. Aside from apartments with amenities such as a swimming pool and on-site fitness center, the project has attracted new street-level retail.
  • That success, coupled with a loosening of financing for new apartment development in recent months, has prompted other developers to start projects.

  • The new projects come as Austin's apartment market turns in landlords' favor.
  • In a new report, Austin Investor Interests, which tracks the apartment market, said that "on the heels of a banner year that saw significant gains in both rent and occupancy, the first quarter of 2011 confirms that the Austin apartment market has finally set a new course."
  • "Breaking historical trends that produced only one positive quarter per year, the first quarter continued to see increases in both occupancy and rent," the report said.
  • The report said the local apartment market should continue to see growth during the next 12 to 18 months. However, it cautioned that many of the new tenants are "out-of-state job seekers" who may or may not find work. Another concern is "a construction pipeline that includes over 20,000 new units."

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Developers eyeing boutique hotel, apartments just south of downtown


  • A failed downtown-area condominium project could be revived as apartments, and a fast-food restaurant could give way to a boutique hotel-condominium project, as developers move to take advantage of Austin's strengthening economy and an improved climate for construction financing.
  • Crescent Resources is evaluating whether to revive its former Aquaterra condominium project at 210 Barton Springs Road, as apartments, albeit under a different name,
  • "The apartment market is recovering very nicely," Cureton said. "Demand for apartments and rents have risen substantially."
  • Aquaterra, announced in 2006, was designed to be 19 stories high, with 173 units. But Crescent shelved the project during the recession.
  • Brett Rhode, an Austin architect who designed the original project, said the project is being reconfigured for apartments.
  • "The atmosphere is much more positive now than even a few months ago in terms of moving forward with projects in the downtown area," said Rhode, principal with Rhode Partners. "It's likely we will see some of our stalled projects come back to life, giving us a chance to rethink and improve our designs."
  • Switching to apartments would be "an obvious choice" for developers who own sites that already have entitlements, he said.
  • "Since the beginning of the year, the capital markets have loosened up, and the apartment fundamentals have gotten better," he said.

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Crestview Station moves forward
Multifamily component offers 300 live-work units and loft-style Austin apartments

  • Plans are on  to turn a former North Austin industrial site into the $200 million Crestview Station, which will be one of Austin's biggest transit-oriented developments. A commuter rail station is planned for Lamar and Airport boulevards The project, which is bordered on one side by the  Capital Metro commuter rail line, is designed as a community where people  live, work and shop without having to drive. 

  • High Street Residential, a Trammell Crow subsidiary, will build the multifamily component. The mix will include live-work units and loft-style Austin apartments.  This projects adds 300 apartments in Austin and 60,000 square feet of retail.

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New Round Rock apartment complex close to Dell, Hospital, Mall

City North at Sunrise Ranch apartments

Near I35 at Old Settlers Blvd and Round Rock Rd
Rents will range from $800-$1200/mo


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BEE CAVES GETS NEW RESIDENCES

BEE CAVES VILLAGE – Criterion Property Company LP, a company which previously has developed apartments in Massachusetts, has entered the Texas multifamily market with the Windsor at Bee Caves Village. The complex has 293 luxury units on Hwy 71, a nineteen acre site adjacent to the Hill Country Galleria and the Shops at the Galleria.


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      Austin-San Marcos, TX 5+ Family Building Permits



YearNumber of Dwelling Units   Average Value per Dwelling Unit ($)

UnitsPercentValuePercent
      Change                 Change

19802,862-16,900-
19814,9097224,50045
19824,782-328,50016
198316,16123820,500-28
198411,950-2624,90021
19858,970-2522,100-11
19865,954-3423,7007
19871,000-8319,100-19
1988305-7068,900261
1989    8 -97  75,0009
1990        0   -100-   -
1991220-30,600-
199299635318,600-39
19932,08410927,00045
19944,40311134,20027
19956,1333937,0008
19966,484636,200-2
19974,720-2740,50012
19985,128934,900-14
19997,8495340,70017
20008,064341,0001
20018,345336,800-10
20025,570-3338,5005
20032,499-5554,50042
20043,1062456,7004
20055,2616953,300-6

Source: U.S. Bureau of Census and Real Estate Center at Texas A&M University
Note: MSA data is base on 1999 MSA definitions.

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New apartments in Austin TX -
New apartment complexes in Round Rock, Cedar Park & AustinNew apartment complexes in Austin, Round Rock & Cedar Park - New apartment s in Austin Texas: North Austin region of Colonial Properties Trust, Colonial Grand at Silverado in Cedar Park, Parmer Ln Lane, Colonial Grand at Round Rock TX, Colonial Grand at Canyon Creek off RR 620, Jefferson Properties, JPI, Gables Residential Trust, NG Clarion Partners, Trammell Crow Residential New apartments planned at 183 & 620 with 2100 units, to exceed the size of Riata






New apartments in Austin tx -New apartment complexes in Round Rock, Cedar Park & Austin from Austin TX apartment locators

se an Austin apartment locators Click here for Austin Demographics Information,and Austin TX, Round Rock, Pflugerville, Leander Eanes School info Click here for Apartment Locator Service FAQs and here for Austin Crime Statistics Click here to start your Free Austin apartment SEARCH    Information about Moving to Austin Texas  We have lots of photos and prices of Austin apartment listing SPECIALS and More apartment Specials , Apartments Under $600, View Photo Album of many our our super apartment listings. Learn About our Free Austin texas apartment locator service. An overview of Austin Apartment rental information and rates  Helpful Austin Links , View  Round Rock Texas information and Round Rock Texas apartment Specials  View apartment specials in   Cedar Park Texas   See more Pflugerville Austin apartment rental information and view information about our apartment locator service   Click here for some Apartment renting tips
A summary of Apartment rentals & rent rates in  Round Rock, Cedar Park & Austin Texas We are members of AAA - Austin Apartment Association locator member Photos & specials of Condos & Condominiums See More Austin apartment specials& Austin Texas appartment, condo & townhouses for rent. If you are moving from out of state here are some Tips on moving to an rental in Austin from out of state Comparison chart of Rent Vs. Buy in Austin TX    We also sell new builder homes, view New home buying trends and investment potential. Information about Austin demographics and trends



Construction (number of units)

Cottages at Onion Creek
Alexan at Vaught Ranch, 334
Alexan Hill Country Galleria, 309
Colonial Grand at Double Creek, 300
Criterion at Onion Creek, 330
Fairfield at Southpark Meadows, 426
Forest Hills, 208
La Frontera Square, 349
Park at Brushy Creek, 360
Verde Brushy Creek, 272
101 Colorado, 259
300 N. Lamar, 154
Alexan Swenson Farms Ph. I, 336
Altea at Silverado, 300
AMLI on 2nd, 231
AMLI Anderson Mill, 396
Arboleda, 312
Balcones Ranch, 270
Bella Sarah, 294
Block on 28th, 101
Block on Leon, 133
Block on Pearl Street, 96
The Crescent, 169
Cypress Creek at Riverbend, 180
Gables Westlake, 175
Greystar at South Congress, 306
Harris Branch, 246
Jefferson at West Campus, 367
Links at Forest Creek, 216
Mariposa at Riverbend, 201
Melograno at Teravista, 320
Monarch, 305
Parker Lane Seniors, 70
Quarters at Grayson House, 101
Quarters at Nueces House, 235
Red River Flats, 120
The Remington, 344
Residences at the Domain, 390
Robertson Hill, 290
San Gabriel Senior Village, 100
Verde Shadowbrook, 248
Windsor at Bee Cave, 293






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New apartments in Austin tx -New apartment complexes in Round Rock, Cedar Park & Austin from Austin apartment locator -New apartment complexes in Round Rock, Cedar Park & AustinNew apartment complexes in Austin, Round Rock & Cedar Park - New apartment s in Austin Texas: North Austin region of Colonial Properties Trust, Colonial Grand at Silverado in Cedar Park, Parmer Ln Lane, Colonial Grand at Round Rock TX, Colonial Grand at Canyon Creek off RR 620, Jefferson Properties, JPI, Gables Residential Trust, NG Clarion Partners, Trammell Crow Residential New apartments planned at 183 & 620 with 2100 units, to exceed the size of Riata



A listing of construction activity in the Austin-area apartment market (# of units)



Indigo
Lakeline East
2020 SoCo
Cottages at Onion Creek
Alara Cantebrea Crossing
Alexan at Vaught Ranch, 334
Alexan Hill Country Galleria, 309
Alexan Ribelin Ranch
Archstone Tech Ridge
Argosy at Crestview
Balcones Ranch
Broadstone Travesia
Camden Amber Oaks
The Cole
Colonial Grand at Double Creek, 300
Colonial Grand at Silverado
Colonial Grand at Silverado Reserve
Colonial Village At Sierra Vista
Criterion at Onion Creek, 330
Fairfield at Southpark Meadows, 426
Forest Hills, 208
La Frontera Square, 349
Park at Brushy Creek, 360
Verde Brushy Creek, 272
101 Colorado, 259
300 N. Lamar, 154
Alexan Swenson Farms Ph. I, 336
Altea at Silverado, 300
AMLI on 2nd, 231
AMLI Anderson Mill, 396
Amli Downtown
Amli on Second
AMLI South shore
Arboleda, 312
Balcones Ranch, 270
Bella Sarah, 294
Block on 28th, 101
Block on Leon, 133
Block on Pearl Street, 96
The Crescent, 169
Cypress Creek at Riverbend, 180
Gables 5th Street Commons
Gables Pressler
Gables Town Lake
Gables Westlake, 175
Greystar at South Congress, 306
Harris Branch, 246
IMT Wells Branch
IMT Anderson Mill
Jefferson at West Campus, 367
Las Palmas
Lakeline apartments
Links at Forest Creek, 216
Mariposa at Riverbend, 201
Melograno at Teravista, 320
Midtown Commons
Monarch, 305
Monterone Steiner Ranch
Monterone Round Rock
Monterone Canyon Creek
Mosaic
Parker Lane Seniors, 70
Platinum Southside
Post West Austin
Quarters at Grayson House, 101
Quarters at Nueces House, 235
Red River Flats, 120
The Mosaic at Mueller
Remington, 344
Residences at the Domain, 390
Robertson Hill, 290
San Gabriel Senior Village, 100
Terracina
Verde Shadowbrook, 248
Villages at the Domain
Windsor at Bee Cave, 293


New apartments in Austin tx -New apartment complexes in Round Rock, Cedar Park & Austin from Austin TX apartment locators
New Apartments in Austin