Argosy Real Estate Partners, in partnership with Presidium, has acquired an approximately seven-acre opportunity zone site in Austin for the development of a 307-unit multifamily community.
The project is located in the Velocity master-planned district and is conveniently located along the Highway 71 corridor, approximately two miles from the Austin-Bergstrom International Airport and close to major employers, including the Tesla Gigafactory and Oracle.
The wood-framed, surface-parked project is scheduled to be delivered in the spring of 2025 and will feature unit sizes averaging 820 square feet, which are intended to appeal to the large number of young professionals that work and live in the area. The project will consist of one- to- three-bedroom units, ranging in size from 375 to 1,399 square feet. Amenities will include stainless steel appliances, “smart” technology features, nine-foot ceilings, walk-in closets, mudrooms and built-in workstations.
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