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City of Austin multifamily report 4Q 2014City of Austin multifamily report 4Q 2014https://www.recenter.tamu.edu/news/newstalk-texas/?Item=14432015-03-24T06:12:00Z2015-03-24T08:00:00Z

AUSTIN - Multifamily market watchers in Austin looking for a top to the current kaboom of incoming product will have to wait yet another quarter as almost 3,000 units were submitted in 22 new multifamily projects to the City’s Department of Planning and Development Review.

According to City Demographer Ryan Robinson fourth quarter 2014 also saw the approval of 13 projects that include a total of over 1,600 units — these developments are now entitled to begin construction.

Construction was initiated at ten sites totaling almost 1,800 units while another four projects reached completion delivering nearly 600 units to what is widely considered to be a landlord’s market.

City of Austin Multifamily Report 4Q 2014*
Project Address Zip Code Units Site
Acres
Presidio Multifamily 13435 Lyndhurst St. 78717 421 14.10
Marbella Multifamily 8001 S I-35 78744 372 29.3
Altis at Lakeline 12700 Ridgeline Blvd. 78613 354 21.99
Marbella Multifamily
Phase II
8001 S I-35 78744 326 37.51
University House
2100 San Antonio
2108 San Antonio St. 78705 188 0.6
Escondera
(Section Four)
8200 Southwest Pkwy. 78735 35 8.76
Enclave 4525 Guadalupe St. 78751 19 0.6
2822 Rio Grande 2822 Rio Grande St. 78705 9 0.30
Glen Allen Apartments 2002 Glen Allen 78704 8 0.45
South 5th Condos 2300 S 5th St. 78704 6 0.4
Total     1,738  

*Sorted by number of units

Source: City of Austin

City of Austin
Austin-Round Rock
Multifamily
http://www.austintexas.gov/blog/city-austin-multifamily-report-4th-quarter-2014Read more at {Source}

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