AUSTIN – The Austin Independent School District has sold two plots of surplus land to RSI Communities for $11.8 million, the first of ten district properties that hit the market in October 2016.
The California-based homebuilder will develop the land into single-family residences and has agreed to reserve 25 percent of the units for affordable housing.
The two east-side properties—32 acres at the intersection of Loyola Ln. and Ed Bluestein Blvd. and 12 acres south of E. 51st St.—went for $7.2 million and $4.6 million, respectively.
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