Fully Entitled, 16± AC Mixed-Use Development Site

Highlights

• Potential for 315-unit, garden-style apartment development
• Fully entitled - site plan & building permit
• Ideal for workforce housing within Austin's South East submarket
• Strong demographics (1.4% Annual Pop. Growth & $113K Avg. Income - 1 mi.)
• Located within an Opportunity Zone
• Just 5 miles from Austin-Bergstrom International Airport
• High visibility & easy access along Burleson Rd. (VPD 16,401)
• Convenient access to all major roadways (183, 290 & I-35)

Description

Bid Deadline: TBD

This prime multi-family development site is ideally situated to take advantage of all that Austin has to offer, including numerous employment opportunities, transportation options and entertainment venues. The proposed development contemplates a garden-style apartment complex spanning 16 acres. Entitlements call for 315 units spread across six, four-story buildings, a 3,000± SF amenity center and 1,700± SF leasing office. The development’s cost effective design will utilize surface parking for its 454 spaces while providing green space and a park-like setting for the benefit and enjoyment of its residents. The site offers immediate proximity to major employers. Tesla’s Gigafactory sits just 8 miles from the site and currently employs over 20,000 with plans to triple that number in coming years. Similarly, the Austin International Airport is less than 5 miles away and supports 7,000 jobs, with recent plans to add three new gates as part of its West Gate Expansion Project.

Hilco Real Estate, LLC in cooperation with Broker Paul A. Lynn & Assoc., LLC TREC #9000489, Paul A. Lynn, TX Broker, Lic. #0244902.

Austin’s South East neighborhood is a dynamic and culturally rich area that offers a distinctive urban experience. The site is close to Carson Creek Ranch music venue, a waterfront amphitheater set on 60-acres; Circuit of the Americas, the only purpose-built race facility in the nation; and McKinney Falls State Park, featuring outdoor recreational opportunities like camping, hiking, swimming, fishing, biking and more. These nearby amenities provide residents with opportunities for outdoor entertainment and adventure, while the proximity to major highways ensures easy access to the rest of Austin. A number of major corporations have migrated to Central Texas in recent years due to the advantageous tax climate and robust entrepreneurially-focused economy. In addition to Tesla’s Gigafactory and the Austin-Bergstrom International Airport, area employers include Oracle (5,000+ employees), Infineon (1,000+ employees), National Instruments (7,000+ employees), Samsung (3,100+ employees) and Dell (13,000+ employees), not to mention local employers like the nearby TX DOT Campus (1,600+ employees).

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