Transwestern Development Co. has acquired a 0.56-acre site and a 1.6-acre site in Austin, Texas with the intention to build two micro-unit communities. The communities will be the second and third micro-unit developments for the company in Downtown Austin.
The 1.6-acre site, located between East Third and East Fourth Streets on Waller Creek, is dubbed Block 36 and will include 263 units and a 3,000-sf restaurant space on the ground floor.
Block 36 will comprise primarily studio units with 14% of the community slated for two-bedroom units. Apartments will average 443 sf and include Murphy and platform beds, hideaway kitchen modules, convertible coffee/dining/bar tables, modular furniture, 10-foot ceiling heights, and stainless steel, Energy Star-certified appliances.
See Also: U.S. multifamily market stays strong into 4th quarter 2019
The community will feature amenities such as a resort-style pool, bike storage, a fitness center, a clubroom and business lounge, and an elevated courtyard with fire pits, grills, and outdoor seating.
Block 36 broke ground in January of 2019 with delivery in the first half of 2020. Wilder Belshaw is the project’s architect.
Block 36. Rendering: Wilder Belshaw Architects / Transwestern.
Transwestern’s third micro-unit development in Austin will rise at the 0.56-acre site acquired by the company in late 2019. Located at 817 W. 12th St., the development will include 147 units and 3,600 sf of retail space on the ground floor.
The West 12th Street project will consist of studio, one-, and two-bedroom units that average 444 sf. Like Block 36, this development’s units will feature Murphy and platform beds, hideaway kitchen modules, and convertible coffee/dining/bar tables. The community will have a resident clubhouse, pool, bike storage, laundry facilities, courtyard, and fitness center.
The project is slated to break ground in the second half of 2020 with delivery in 2022. Both projects will fill a gap in Austin’s rental market for those who wish to live in the city for under $1,500 a month. They will join the Indie, Transwestern’s first micro-unit development in Austin, in offering better value for Austin renters seeking a premium product in a compact space.
Related Stories
Student Housing | Feb 19, 2024
UC Law San Francisco’s newest building provides student housing at below-market rental rates
Located in San Francisco’s Tenderloin and Civic Center neighborhoods, UC Law SF’s newest building helps address the city’s housing crisis by providing student housing at below-market rental rates. The $282 million, 365,000-sf facility at 198 McAllister Street enables students to live on campus while also helping to regenerate the neighborhood.
Multifamily Housing | Feb 16, 2024
5 emerging multifamily trends for 2024
As priorities realign and demographic landscapes transform, multifamily designers and developers find themselves in a continuous state of adaptation to resonate with residents.
MFPRO+ News | Feb 15, 2024
UL Solutions launches indoor environmental quality verification designation for building construction projects
UL Solutions recently launched UL Verified Healthy Building Mark for New Construction, an indoor environmental quality verification designation for building construction projects.
MFPRO+ News | Feb 15, 2024
Nine states pledge to transition to heat pumps for residential HVAC and water heating
Nine states have signed a joint agreement to accelerate the transition to residential building electrification by significantly expanding heat pump sales to meet heating, cooling, and water heating demand. The Memorandum of Understanding was signed by directors of environmental agencies from California, Colorado, Maine, Maryland, Massachusetts, New Jersey, New York, Oregon, and Rhode Island.
MFPRO+ News | Feb 15, 2024
Oregon, California, Maine among states enacting policies to spur construction of missing middle housing
Although the number of new apartment building units recently reached the highest point in nearly 50 years, construction of duplexes, triplexes, and other buildings of from two to nine units made up just 1% of new housing units built in 2022. A few states have recently enacted new laws to spur more construction of these missing middle housing options.
Multifamily Housing | Feb 14, 2024
Multifamily rent remains flat at $1,710 in January
The multifamily market was stable at the start of 2024, despite the pressure of a supply boom in some markets, according to the latest Yardi Matrix National Multifamily Report.
Sustainability | Feb 7, 2024
9 states pledge to accelerate transition to clean residential buildings
States from coast to coast have signed a joint agreement to accelerate the transition to pollution-free residential buildings by significantly expanding heat pump sales to meet heating, cooling, and water heating demand in coming years.
Multifamily Housing | Feb 5, 2024
Wood Partners transfers all property management operations to Greystar
Greystar and Wood have entered into a long-term agreement whereby Greystar will serve as property manager for all current and future Wood developed and owned assets.
Industry Research | Jan 31, 2024
ASID identifies 11 design trends coming in 2024
The Trends Outlook Report by the American Society of Interior Designers (ASID) is the first of a three-part outlook series on interior design. This design trends report demonstrates the importance of connection and authenticity.
Mixed-Use | Jan 29, 2024
12 U.S. markets where entertainment districts are under consideration or construction
The Pomp, a 223-acre district located 10 miles north of Fort Lauderdale, Fla., and The Armory, a 225,000-sf dining and entertainment venue on six acres in St Louis, are among the top entertainment districts in the works across the U.S.