Project Marks Transwestern’s Third Micro-Unit Multifamily Community Downtown
November 07, 2019
Austin, Texas – Transwestern Development Co. (TDC®) today announces the acquisition of a 0.56-acre site at 817 W. 12th St. in Austin, Texas, to develop its third micro-unit community in the market. Located across from the newly renovated Austin Community College main campus, the property will include 147 units and 3,600 square feet of retail space on the ground floor. Regional Partners Ty Puckett and Josh Delk are leading the development, which is scheduled to break ground in the second half of 2020 with delivery in 2022.
“The site is an excellent location for a wide variety of residents, from students to established professionals,” said Puckett. “This project will offer Austin residents the opportunity to live in one of the nation’s most desirable areas at an affordable price point while still enjoying the benefits of being downtown.”
The project will consist of studio, one- and two-bedroom units. Averaging 444 square feet, apartments will feature Murphy and platform beds, hideaway kitchen modules, and convertible coffee/dining/bar tables. Residents will benefit from high-quality living space with Class A finishes, wood-style flooring, full-size stainless steel appliances, quartz countertops, pendant lighting and custom-made Italian furniture. The community will have a resident clubhouse, pool, bike storage, laundry facilities, courtyard and fitness center.
“Transwestern has identified – and responded to – a need for efficient and cost-effective living in Austin, demonstrated by the success of our first micro-unit project, the Indie,” said Delk. “By offering a luxury environment and Class A amenities with smaller floor plans designed to maximize efficiency, we’re providing better value for renters seeking a premium product in a compact space.”
West Austin is one of the most sought-after living locations in Central Texas. This project offers easy access to many of the city’s major attractions, business districts, the University of Texas, the Capitol Complex, and vibrant mix of bars, restaurants and shops.
Transwestern is currently developing Block 36, a micro-unit community between East Third and East Fourth streets on Waller Creek. In 2018, the firm completed construction on its first micro-unit project in Austin, called the Indie.
Founded in 1978, Transwestern has developed office, industrial, multifamily and healthcare projects across the United States. Since 2012, Transwestern Development Company’s pipeline of projects either completed or in process exceeds $5.6 billion in total cost.
ABOUT TRANSWESTERN DEVELOPMENT CO.
Transwestern Development Co. (TDC®) is a diversified business with expertise in all commercial property types. The firm executes projects through a variety of venture and contract structures and has been creating commercial landmarks for itself, its partners and valued customers throughout the U.S. since 1978. TDC operates as a principal, investing capital alongside its institutional equity partners in the development of speculative and build-to-suit projects, and as a fee developer for clients and user-owners. Part of the integrated Transwestern enterprise, the firm capitalizes on the market insight and operational expertise of its affiliates, which include a diversified real estate services firm with 34 U.S. offices and a real estate investment management company. For more information, visit transwesterndevelopment.com.