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Transwestern sells newly constructed core multi-housing community in Austin
Transactions - MAY 9, 2024

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Transwestern sells newly constructed core multi-housing community in Austin

by RELEASED

Transwestern announced that it has sold 3Waller, a 259-micro-unit, newly constructed, mid-rise multi-housing community in downtown Austin.

JLL represented the seller, and Placemakr acquired the asset.

Built in 2022, the studio, one- and two-bedroom micro-units, which average 467 square feet in size, feature stainless-steel appliances, plentiful cabinet space, designer color schemes, a mud room, granite countertops and vinyl-plank flooring. Community amenities include a resort-style pool courtyard, a Skydeck with downtown views and a dog-wash station, providing a premium urban lifestyle for residents.

Situated at 710 E. 3rd Street, 3Waller is on the east side of downtown Austin, offering walkability to Rainey Street and East Austin, in addition to the heart of downtown. The property is near major employers, including Facebook/Meta, Google, Oracle, Indeed and the Texas State Capitol, as well as entertainment districts, Whole Foods, Target and multiple restaurants.

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