{"id":1004071401,"date":"2013-04-19T05:59:17","date_gmt":"2013-04-19T13:59:17","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=119355"},"modified":"2020-05-12T00:07:05","modified_gmt":"2020-05-12T08:07:05","slug":"eleven-community-to-open-this-summer-pre-leasing-underway-2","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/eleven-community-to-open-this-summer-pre-leasing-underway-2\/","title":{"rendered":"Eleven Community to Open this Summer, Pre-leasing Underway"},"content":{"rendered":"<p style=\"text-align: justify;\"><em>By Anca Gagiuc, <em>Associate Editor<\/em><\/em><\/p>\n<p style=\"text-align: justify;\">Located in one of Forbes\u2019 \u201chippest Neighborhoods\u201d in the heart of East Austin, the <a href=\"https:\/\/www.elevenaustin.com\/\" rel=\"nofollow\" >Eleven<\/a><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/04\/885362_357498424370003_731407785_o.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-119356\" title=\"885362_357498424370003_731407785_o\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/04\/885362_357498424370003_731407785_o.jpg\" alt=\"\" width=\"300\" height=\"199\" \/><\/a> apartment community began pre-leasing on April 1, 2013 in the Haehnel Building on East 11<sup>th<\/sup> Street. It will be ready to receive residents this summer.<\/p>\n<p style=\"text-align: justify;\">The apartment complex is an elegant podium-style six-story building with 257 units that suit a wide range of lifestyle needs\u2014studio apartments at 416 square feet, one-bedroom apartments at 678 square feet and two-bedroom apartments at 1020 square feet with island kitchens, 10-foot ceilings and vinyl wood plank floors. The exterior is a durable combination of native stone and stucco designed by award-winning Texas-based BGO Architects, and the interior design is the work of Kathy Andrews Interiors, an award-winning firm specializing in multifamily projects.<\/p>\n<p style=\"text-align: justify;\">The Forester Group is the lead developer. They are working on the project together with the Canyon Johnson Urban Fund. Leasing and managing the Eleven community rests with Alliance Residential Company.<\/p>\n<p style=\"text-align: justify;\">Amenity-wise, Eleven raises the stakes for high-end communities in the ever-growing city. Austin was recently ranked as<a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/04\/Austin-Supply-and-demand.bmp\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright  wp-image-119357\" title=\"Austin Supply and demand\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/04\/Austin-Supply-and-demand.bmp\" alt=\"\" width=\"278\" height=\"436\" \/><\/a> the second Best Performing Metro City in the United States by the Milken Institute. The common swimming pool and lounge area with covered cabanas has its value increased by a rooftop lounge with breathtaking views of the Texas State Capitol. Additionally, a clubhouse with an open gaming area, billiards and shuffle board is complemented by a bicycle workshop.<\/p>\n<p style=\"text-align: justify;\">Interest in health is shown through a fully equipped athletic facility on site, while the grills in the courtyard, a life-size chessboard and bocce ball will likely keep tenants outdoor for longer periods of time.<\/p>\n<div>\n<p style=\"text-align: justify;\">According to a Market Outlook report from <a href=\"https:\/\/www.marcusmillichap.com\/\" rel=\"nofollow\">Marcus &amp; Millichap<\/a>, the vacancy rate in the Austin area in 2013 will increase to 4.5 percent from 2012\u2019s 3.9 percent. Asking rent is expected to advance 4.9 percent to $964 per month while effective rent will grow 5.3 percent to $888 per month.<\/p>\n<h6 style=\"text-align: justify;\"><em>Photo credit: <a href=\"https:\/\/www.facebook.com\/11eastaustin\" rel=\"nofollow\">www.facebook.com\/11eastaustin<\/a><\/em><\/h6>\n<h6 style=\"text-align: justify;\"><em>Charts courtesy of  <a href=\"https:\/\/www.marcusmillichap.com\/\" rel=\"nofollow\">Marcus &amp; Millichap<\/a><\/em><\/h6>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Located in one of Forbes&rsquo; &ldquo;hippest Neighborhoods&rdquo; in the heart of East Austin, the Eleven apartment community has begun pre-leasing on April 1, 2013 in the Haehnel Building on East 11th Street. It will be ready to receive residents this summer.<\/p>\n","protected":false},"author":237,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1578,21742],"tags":[39411,1815],"class_list":["post-1004071401","post","type-post","status-publish","format-standard","hentry","category-austin","category-latest","tag-austin","tag-national"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Eleven Community to Open this Summer, Pre-leasing Underway - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/eleven-community-to-open-this-summer-pre-leasing-underway-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Eleven Community to Open this Summer, Pre-leasing Underway\" \/>\n<meta property=\"og:description\" content=\"Located in one of Forbes&rsquo; &ldquo;hippest Neighborhoods&rdquo; in the heart of East Austin, the Eleven apartment community has begun pre-leasing on April 1, 2013 in the Haehnel Building on East 11th Street. It will be ready to receive residents this summer.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/eleven-community-to-open-this-summer-pre-leasing-underway-2\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2013-04-19T13:59:17+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-05-12T08:07:05+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/04\/885362_357498424370003_731407785_o.jpg\" \/>\n<meta name=\"author\" content=\"Anca Gagiuc\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/eleven-community-to-open-this-summer-pre-leasing-underway-2\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/eleven-community-to-open-this-summer-pre-leasing-underway-2\\\/\"},\"author\":{\"name\":\"Anca Gagiuc\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/340a1a5e8e7dd137bd91ca1dd3a2e9d7\"},\"headline\":\"Eleven Community to Open this Summer, Pre-leasing Underway\",\"datePublished\":\"2013-04-19T13:59:17+00:00\",\"dateModified\":\"2020-05-12T08:07:05+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/eleven-community-to-open-this-summer-pre-leasing-underway-2\\\/\"},\"wordCount\":328,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/eleven-community-to-open-this-summer-pre-leasing-underway-2\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2013\\\/04\\\/885362_357498424370003_731407785_o.jpg\",\"keywords\":[\"Austin\",\"National\"],\"articleSection\":[\"Austin\",\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/eleven-community-to-open-this-summer-pre-leasing-underway-2\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/eleven-community-to-open-this-summer-pre-leasing-underway-2\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/eleven-community-to-open-this-summer-pre-leasing-underway-2\\\/\",\"name\":\"Eleven Community to Open this Summer, Pre-leasing Underway - 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