Urban Genesis Advancing 360-Unit Austin Mixed-Income Project
Urban Genesis is in charge of building 360 mixed-income apartments in the Southpark Meadows neighborhood of Austin. The Austin Business Journal reports Travis County Facilities Corp. (TCFC) is working with Urban Genesis on the Coop at Southpark Meadows. TCFC is leasing the project’s land to Urban Genesis for development.
Once the Coop at Southpark Meadows finishes, 72 units and 108 units will be set aside for households earning up to 60% and 80% of the median area income. The remaining 180 units, all one-bedroom, will be market-rate units. The first unit delivery is slated for August of this year.
The neighborhood includes a mix of other apartment projects and a regional shopping center. The roughly 1.6-million-square-foot retail hub includes a Walmart Supercenter and Target.
The NRP Group recently broke ground on its own 348-unit community close by in partnership with the Housing Authority of Travis County. first unit delivery for August of this year.
HEDK Architects is the designer.
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Brokers
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout