Posted May 19, 2012, 12:56 PM
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~Hook'em~
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Join Date: Oct 2010
Location: Austin, TX/London, UK
Posts: 1,814
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New apartment complex in works in West Campus
By Shonda Novak
AMERICAN-STATESMAN STAFF
Published: 7:58 p.m. Friday, May 18, 2012
Quote:
More student housing is on the way for the West Campus area, with the latest project a $26 million upscale apartment complex in the works at 21st and Pearl streets.
The company behind the project is Austin-based Land Development and Construction LLC, a commercial real estate development company specializing in multifamily and mixed-use projects. The firm has developed more than $75 million in commercial real estate projects in Central Texas.
Robert Lee, the firm's CEO and a University of Texas graduate, brought together several Chinese American investors to fund the West Campus project, which will be called 21 Pearl.
The complex, which is four blocks west of UT's campus, will have 134 units with average rents of $850 a month and the average-size unit having 761 square feet. Floor plans range from efficiencies to two-bedrooms. Units will have private patios, balconies and gourmet kitchens, among other amenities.
The project is scheduled to open in August 2013, with preleasing set to start this October.
The project will have some units for rent at below-market rates; it also will have units designed for residents with disabilities.
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Read More : http://www.statesman.com/business/re...e=rss_business
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Austin, Texas
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