AUSTIN - The 293-unit Landmark Double Creek apartments at Onion Creek Pkwy. in South Austin have been sold to Toronto-based Bass Enterprises. The complex features one-, two-, and three-bedroom units ranging from 450 sf to 1,388 sf.
Prices range from $900 to $1,760 per month. The property was built out in June 2013, and a 276-unit phase two is planned to begin construction in 2014. The building was 91 percent occupied at the time of purchase.
The 200,000-square-foot Landmark Double Creek was built on 14.1 acres at 11301 Farrah Ln. Situated in the Outer South Multifamily submarket, the community is conveniently located minutes from I-35 and the Southpark Meadows shopping center.
Bass Enterprises acquired the apartments from Austin-based developer Ogden Hughes LLC.
Read more at CoStar Group.
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