Bee Cave affordable housing buzz

BEE CAVE – A new 326-unit apartment complex, Cielo Apartment Living, is currently underway at 3501 S. Ranch Road 620 South near the Falconhead West subdivision.

Units will range from 627 sf to 1,607 sf. TDI Real Estate plans to take leasing information in the beginning of March.

The one-, two- and three-bedroom apartment complex sits on 38 acres of land in the Bee Cave extraterritorial jurisdiction. The addition of the apartment complex will provide another affordable housing choice for the Bee Cave and Lakeway area.

Morningside, a subdivision located just south of Falcon Head Blvd., offers condos and houses that are clustered in separate sections at affordable prices.

Morningside homes are expected to cost about $250,000, and condos will cost between $160,000 and $240,000.

Bee Cave has a nearly 100 percent occupancy apartment rental rate.

Listen to Podcast 161 for this story…and more!