Developer Aspen Heights Partners plans to break ground this summer on Aspen Heights Riverside, a $42 million, 325-unit market-rate apartment complex off East Riverside Drive, on what is mostly vacant land. Located in the 1700 block of Willow Creek Drive, the project’s been making its way through the city’s review process since last June. The site…
News
Austin real estate news combined with editorial and opinion.
Two East Austin Affordable Housing Projects Vie for State Tax Credits
Two affordable housing multifamily projects in East Austin are competing for a 9 percent housing tax credit from the state, but only one is likely to get it. That doesn’t mean, however, that only one of the projects will get built — the weaker candidate determined by the Texas Department of Housing and Consumer Affairs’…
Implosion at Block 71 in Downtown Austin Scheduled for Sunday, March 25
An email sent this morning to the mailing list of the Downtown Austin Alliance appears to confirm the suspected date of the Ashbel Smith Hall demolition at Block 71, the first building implosion planned in the downtown area in more than 11 years — and quite possibly the largest of its type the city has ever seen. Since TOWERS.net…
Cambrian Project Seeking Tax Credits for Affordable Housing in Montopolis
Development in the East Riverside Corridor hasn’t shown any signs of slowing down, to say the least. An affordable housing development team has taken notice, and placed a bet on the neighborhood between Montopolis Drive and Grove Boulevard. Megan Lasch, manager of O-SDA Industries LLC is backing Cambrian East Riverside, a 65-unit multifamily mid-rise to be located at 1806…
Project Catalyst Documents Describe 97-Acre Development at East Riverside
Exactly six months ago, we rolled out what little we knew about Project Catalyst, a massive potential mixed-use project at the intersection of East Riverside Drive and Pleasant Valley Road, basically next door to Oracle’s new Lakeshore campus. Since then, it’s been nothing but radio silence from the usual suspects, including real estate firm JLL and investment outfit Nimes Capital, which owns the…
Central Austin Development Roundup: Folks, Here Are Some Buildings
Happy Friday, everyone! I certainly hope you’re telecommuting (sheltering in place, as it were) on what might be Austin’s worst day of traffic all year, as the SXSW Doomsday Clock ticks towards midnight. Of course, you might be one of the locals who actually likes large crowds, and if so, who am I to judge? Enjoy your panels on whatever…