{"id":1004141109,"date":"2016-04-06T03:15:39","date_gmt":"2016-04-06T11:15:39","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004141109"},"modified":"2022-03-03T18:24:38","modified_gmt":"2022-03-04T02:24:38","slug":"last-years-largest-rental-projects-completed-in-austin","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/last-years-largest-rental-projects-completed-in-austin\/","title":{"rendered":"Last Year\u2019s Largest Rental Projects Completed in Austin"},"content":{"rendered":"

Austin, Texas<\/strong>\u2014As an attractive destination for those planning to start businesses, entertain, build and invest, Austin is considered one of the top secondary markets in the U.S. The metro has developed into a technology hub, luring both large corporations and startup firms seeded by private equity capital.<\/p>\n

The tremendous growth in population and employment has made the city a favorite spot for developers. As many as 17 rental developments of 50 or more units came online in 2015, totaling 5,028 new apartments in Austin<\/a>, according to Yardi Matrix<\/a>. Low-rise designs were an especially popular choice last year\u2014most new developments comprised residential buildings of under five stories.<\/p>\n

\"Largest<\/a>\u00a0 \u00a0 1.\u00a0Addison at Kramer Station<\/a><\/strong> \u2013 388 units<\/strong><\/p>\n

Last year\u2019s largest development was Simpson Property Group\u2019s 388-unit project\u00a0located at 2601 Esperanza Crossing. Austin\u2019s North Burnet<\/a> neighborhood is home to the J.J. Pickle Research Campus and the Northridge Campus of Austin Community College, as well as numerous office and retail facilities. The focus is clearly on one-bedroom homes, but families can opt for up to three-bedroom floorplans. (Photo credit: RENTCaf\u00e9<\/a>,\u00a0Yardi Matrix<\/a>)<\/em><\/p>\n

\u00a0 \u00a0 2. The Mansions at Lakeline \u2013 374 rental units<\/strong><\/p>\n

The attention remains focused on small apartments. More precisely, 214 units are one-bedroom homes, although this still leaves room for 96 two-bed and 32 three-bedroom apartments. This W3 project at 10500 Lakeline Mall Drive features controlled access, resort-style swimming pool and deck, clubroom, playground, an executive business center and 689 parking spaces.\u00a0(Photo credit:\u00a0<\/em>The Mansions at Lakeline Facebook Page<\/a><\/em>)<\/em><\/p>\n

\u00a0 \u00a0 3. The Bowie \u2013 358 units<\/strong><\/p>\n

This sleek high-rise at 311 Bowie St. is the result of\u00a0the common efforts of Lynd and Endeavor Real Estate Group, and comprises 167 one-bed and 124 two-bed apartments along with 31 studios, 35 penthouses and one guest suite. The building is proposed for LEED certification and the apartments come with high quality finishes such as marble, quartz and granite countertops. Unit interiors also feature built-in desks, cabinetry and linen cabinets, floor-to-ceiling windows and full-size, front-load washers and dryers.\u00a0(Photo credit:\u00a0<\/em>The Bowie Website<\/a><\/em>)<\/em><\/p>\n

\u00a0 \u00a0 \u00a04. Escape at Four Points \u2013 344 units<\/strong><\/p>\n

Embrey\u2019s new low-rise community introduced carriage designs alongside the conventional one-, two-and three-bedroom apartments. A total of 17 two- and three-story buildings make up the 323,612-square-foot community, with parking spaces available on the ground floor. Granite kitchen countertops and plush carpeting are standard, and common-space amenities include a game room, business center, grilling area and a resort-style pool with in-water tanning ledges.\u00a0(Photo credit:\u00a0<\/em>Escape at Four Points Facebook Page<\/a>,\u00a0Yardi Matrix<\/a><\/em>)<\/em><\/p>\n

\u00a0 \u00a0 \u00a05. Bexley at Whitestone \u2013 340 units<\/strong><\/p>\n

Still well above 300 units, the last item on\u00a0our list is Weinstein Properties\u2019 latest project on N. Lake Creek Parkway. One-bedroom units make up exactly half of the unit count, while larger families are left with fewer options\u2014just 18 three-bedroom homes\u2014in favor of the 152 two-bedroom apartments.\u00a0(Photo credit:\u00a0<\/em>Bexley at Whitestone Website<\/a><\/em>)<\/em><\/p>\n

For more of 2015\u2019s largest apartment projects in Austin, check out the complete list on the RENTCaf\u00e9 Blog<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Austin multifamily market added more than 5,000 new rental units in 2015.<\/p>\n","protected":false},"author":35,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1578,21782,21742],"tags":[],"class_list":["post-1004141109","post","type-post","status-publish","format-standard","hentry","category-austin","category-development","category-latest"],"acf":[],"yoast_head":"\nLast Year\u2019s Largest Rental Projects Completed in Austin - 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\/last-years-largest-rental-projects-completed-in-austin\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Last Year\u2019s Largest Rental Projects Completed in Austin\" \/>\n<meta property=\"og:description\" content=\"The Austin multifamily market added more than 5,000 new rental units in 2015.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/last-years-largest-rental-projects-completed-in-austin\/\" \/>\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=\"2016-04-06T11:15:39+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-03-04T02:24:38+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/internal.multihousingnews.com\/wp-content\/uploads\/sites\/46\/2016\/04\/Largest-developments-2015-Austin.jpg\" \/>\n<meta name=\"author\" content=\"Balazs Szekely\" \/>\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\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/last-years-largest-rental-projects-completed-in-austin\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/last-years-largest-rental-projects-completed-in-austin\/\",\"name\":\"Last Year\u2019s Largest Rental Projects Completed in Austin - 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