AUSTIN - Nimes Capital of Los Angeles has begun a $1.5 million renovation to The Ballpark at Austin student housing development on E. Riverside Dr. and hopes to convert an athletic field on the property into more housing units in the next three years.
Nimes purchased the property in October for $29 million, and has made improvements to two-thirds of the 282-unit, 78-bed property. It will complete the final renovations by summer 2015.
The company is also installing artificial grass on the property and taking other measures to make it more energy and water efficient, according to Nitin Chexal, Nimes' director of real estate.
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