AUSTIN – Dallas-based Stillwater Capital and its international equity partner Sweid & Sweid America working on the second phase of its commercial and housing buildout in the city's far south side.
Phase two includes a new apartment complex, Double Creek II, which will be north of the project's first phase, The Haywood multifamily community.
Double Creek II will have 372 units across five buildings on ten acres. All units will be market rate.
Work will wrap up on the second phase in 2023. Davies Collaborative Malone/Wheeler are on the project team.
The Haywood, which occupies 17 acres, offers 372 units across 12 buildings. The first units will open in the next couple of weeks. Kairoi Management is in charge of leasing.
The remaining portion of Stillwater's 35-acre site between FM 1626 and I-35 will be home to retail development. Stillwater sold the 1.5-acre corner retail site earlier this year.
The company will donate roughly five acres to the city for a public park land.
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