Austin: 104 mid-sized afforable units coming near S. LamarAustin: 104 mid-sized afforable units coming near S. Lamarhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=45052014-04-02T12:49:00Z2014-04-02T06:40:00Z

AUSTIN - Ground will break this spring on the new 104-unit property named 2505 Thornton Road. The project is at the southeast intersection of South Lamar Blvd. and Oltorf St. Construction is estimated at $6.75 million, according to state filings.

The complex will feature one- and two-bedroom apartments divided among three buildings, each with three stories. Construction will take about 18 months.

The mid-sized apartment complex will compete against more trendy and expensive developments along South Lamar Blvd. The developer, PSW Real Estate, expects the apartments to average about 25 percent less than new inventory in the area.

Austin Business Journal
Austin-Round Rock
http://www.bizjournals.com/austin/blog/real-estate/2014/03/exclusive-developer-to-turn-dirt-onaffordable.htmlRead more at {Source}

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