NRP Group is partnering with the Austin Independent School District on a $142 million housing project. The project is intended to offer affordable housing to teachers, district staff, and families in two distinct properties. The buildings will consist of 684 units: one with 339 units and the other with 335 units. The district will tear down the Anita Coy Facility (photo), which is currently home to the district’s Alternative Learning Center, to make way for the apartments.
The Austin Business Journal reports the site is expected to have about 50% of its units as income-restricted. Future residents are not required to be AISD staff.
Some amenities for the site include a pool and a playground. The design firm listed on the site is Hatch + Ulland Owen. The general contractor for the project is NRP Construction.
Construction could start in December 2025, and units could be available for rent in 2028.
Lincoln Property Company and McCourt Partners have broken ground for ElevenOneEleven, a new mixed-use development in Culver City. The groundbreaking occurred three weeks after Lincoln and McCourt announced $133 million in construction financing from Bank OZK. Set to rise on a vacant parcel, ElevenOneEleven will deliver 344 rental apartments, including 52 affordable units, along with 2,000 square...
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Logisco is stripping back the amenity race with a $60M Quebec City apartment development aimed at renters who would rather pay less each month than fund pools, gyms and other extras. The developer has started construction on 193 apartments at 7075 Wilfrid-Hamel Blvd., the first project under its new Elie rental brand. The 10-storey building...
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Virtus Diversified REIT has purchased a 91-suite retirement residence in Hamilton for $26M, expanding its seniors housing portfolio. The acquisition of Abington Court Retirement Residence at 1500 Main St. E. closed Nov. 3. The independent living property opened in 2005 and added 20 suites in a 2018 expansion. Located west of the Red Hill Valley...
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