Approved, 1.65± AC Mixed-Use Development Site
1806 Clubview Avenue
Austin, TX 78741
Highlights
- Approved for 120’ high-rise building with density bonus (up to 225 units)
- Located within ERC Corridor
- Convenient access to TX-71, Hwy. 183, TX-130, I-35 & greater metro area
- Strong demographics (1.2% Annual Pop. Growth & $86K Avg. Income - 3 mi.)
- Highly visible corner lot along E. Riverside Drive (VPD 30,000)
- Minutes from Oracle’s headquarters, Lady Bird Lake & Austin Public Library
Description
The property represents the second phase, or Unit B, of the Cambrian East Riverside Development. Phase 1, or Unit A, consists of a 64-unit, multifamily affordable housing development that was completed in 2019. The affordable units delivered as part of Phase 1 unlocked the ERC (East Riverside Corridor) density bonus for Phase 2, allowing for a maximum building height of 120' and a density bonus up to 225 units.
Plans for Unit B provide a desirable mix of studio (108), one-bedroom (72) and two-bedroom (45) units offering commanding views of downtown Austin. The site is well situated to take advantage of all that Austin has to offer, from recreation and travel options to entertainment and employment opportunities.
Also Available for Sale:
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Hilco Real Estate, LLC in cooperation with Broker Paul A. Lynn & Assoc., LLC TREC #9000489, Paul A. Lynn, TX Broker, Lic. #0244902.
Austin TX Riverside Submarket
