Austin: Post South Lamar 344 units, $65M phase two underway

AUSTIN – Post Properties is underway on the development of the second phase of its Post South Lamar apartment community located at 1500 South Lamar Blvd.

Post South Lamar II is planned to have 344 luxury apartment units with an average unit size of approximately 734 sf and 5,800 sf of retail space.

The second phase is expected to have a total estimated development cost of approximately $65.6 million. The Company anticipates first apartment unit deliveries first quarter 2017.

In total, Post has 1,705 units in five apartment communities and approximately 5,800 sf of retail space under development or in lease-up with a total estimated cost of $309.2 million.