Luxe Austin Homes - construction

"Multiple new multifamily projects on tap, from The Domain to South Congress"

While deliveries of multifamily projects in the Austin area have been forecast to decline in the coming years, some are still being planned.

From The Domain to South Congress Avenue, developers have projects on tap ranging from townhome complexes to mid-rise apartment buildings, according to three site plan applications filed with the city. They're in the works at a time when uncertainty swirls around the metro's multifamily market and a number of other projects have been canceled or delayed.

Multifamily vacancy came in at 15.5% in April, according to ApartmentData.com, an elevated level that's a concern for developers and property managers because high vacancy rates lead to lower rental rates and less new development as investors hesitate to…

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"Big mixed-use project expected to rise in South Austin's St. Elmo District"

A big mixed-use development is being planned in the St. Elmo District.

The development, known simply by its address of 4201 S. Congress Ave., would feature around 200,000 square feet of retail, restaurant and office space in multiple mid-rise buildings at the intersection of South Congress Avenue and Industrial Boulevard, according to a site plan application filed with the city.

The developer and owner of the property is an entity called 4201 S Congress Ave Owner LLC, the address of which matches that of California-based developer Redcar Properties, which is developing a creative office project farther south in the St. Elmo District. Redcar did not respond to requests for comment.

The eight proposed buildings carry a range of uses and sizes,…

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"Austin boasts 9th highest rate of new home construction in U.S."

CultureMap Austin writes, "Austin is trying to accommodate its housing demand by building more homes than most other U.S. cities, a new report has found.

According to a new ConsumerAffairs housing report, Austin has the ninth highest rate of new home construction in the nation for 2025. The research platform analyzed new building permits and new construction home sales from January and February 2025 in the 150 largest U.S. cities.

Houston (No. 1) and Dallas (No. 2) led the nation as the top two cities building the most new homes this year.

The findings revealed there were 3,889 new building permits issued during the first two months of the year in Austin, and 520 newly built homes were sold during that same period.

The city is keeping pace…

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"Metro's fastest-growing neighborhood to add another 1,000 homes"

Austin Business Journal writes, "Liberty Hill’s Santa Rita Ranch just keeps growing.

The sprawling 3,700-acre development — where more than 4,000 homes have been sold — is already the region’s fastest-growing neighborhood. Now, 1,000 more homes are going to be added to the community, according to an announcement.

Perry Homes will build the new homes in an area called Eldorado Village. They'll rise on 50-, 60- and 70-foot lots, with 66 different floor plans available to buyers. Floor plans will range from 2,100 square feet to 4,891 square feet.

“We’re particularly excited about Eldorado Village because of its location in the community,” stated Santa Rita Ranch developer Ed Horne. “These homesites are situated on some of the highest points in…

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"Exclusive: Country's elite scoop up memberships, real estate at this Austin surf club neighborhood"

Austin Business Journal writes, "Entrepreneurs, actors, sports figures and social media influencers are paddling proverbially to the private surf-and-condominium park that's rising down the road from Austin's airport — not far from Tesla's gigafactory.

Matthew McConaughey, Drew Brees and Tony Hawk are among those tied to the coveted 400 real estate or membership slots at the Austin Surf Club, according to documents obtained by the Austin Business Journal, as well as a review of public records.

Over the last six months, the ABJ has uncovered key details about the construction of the project at the former site of NLand Surf Park. Set to rise on the site is housing, a brewery and high-end amenities centered around multiple man-made surf basins.

…

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"Developers in East Austin work to remain agile in face of shifting market conditions"

Austin Business Journal shares, "East Austin is growing fast, but that growth may not include more office space after what's springing up is done.

A variety of topics related to development in East Austin — such as plans to pivot away from office construction, the region's attractiveness to businesses and new real estate projects, and what it could look like in the coming years — were tackled during a panel discussion at the East Austin Growth Summit that included developers and one of Austin’s go-to real estate attorneys.

One major discussion point was how to remain agile and adapt in an office market experiencing high levels of vacancy.

Austin’s office vacancy clocked in at an elevated 24.5% in the first quarter, according to commercial…

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"Major homebuilder Taylor Morrison enters multifamily market in Austin metro"

Austin Business Journal shares, "One of Austin’s busiest single-family homebuilders is diving into the multifamily market in Central Texas.

Arizona-based Taylor Morrison, the fourth-busiest homebuilder in Austin last year, is bringing its multifamily brand, Yardly, to Pflugerville, according to an announcement. The new development, called Yardly Kelly Lane, will have 175 apartment-style units that are elevated a bit from traditional apartments with features like private backyards.

And while Austin’s multifamily housing market is experiencing elevated vacancy rates, Darin Rowe, Yardly president, said the company views the project as a long-term investment in a market that will eventually normalize.

Yardly Kelly Lane will be built on an 11-acre…

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"Pearlstone secures big construction loan for downtown Austin condo project"

Austin Business Journal reports, "Pearlstone Partners has secured a $154.5 million construction loan for its latest downtown condo project, which broke ground March 26.

The Belvedere, a 158-unit condo in west downtown, is Austin-based Pearlstone’s first to break ground in the city since co-founder and CEO Robert Lee retired earlier this year.

Pearlstone, which is known for its luxury condo projects, secured the construction loan through New York-based Benefit Street Partners, according to an announcement.

Located on around 3 acres at 300 Pressler St., The Belvedere will be almost 300,000 square feet in total. Its 158 condos will range in size from 766 square feet to 2,488 square feet, with one-, two- and three-bedroom floor plans. They'll be…

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"Homebuyers Face Less Stress as More Listings Hit the Market"

Realtor.com writes, "It’s spring home selling season, and there’s good news for buyers who may feel less pressure to commit to a home on the spot as more listing options are available.

The Realtor.com® weekly housing data showed that listing prices flattened even as new listings and active inventory growth continued. The data suggests that March home shoppers will have more options and a bit more time to evaluate those options this year versus last.

The Realtor.com forecast expects modestly higher home sales from the low 2024 bar as inventory recovery gives home shoppers more options and more market power. That mortgage rates are steady this year at a time when they surged last year will likely benefit spring shoppers and should encourage…

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"Austin leads the nation for developing private affordable housing"

CultureMap Austin writes, "Most people like a bargain, particularly money-conscious renters in the Austin area, where rents continue to be stubbornly high. According to RentCafe, the average Austin apartment rent recently stood at $1,691, compared with the statewide average of $1,449. Fortunately, rent relief is on the way: Austin is a hotspot for affordable housing, according to a new study.

The report from data provider Yardi Matrix shows the Austin metro area leads the nation for the number of “fully affordable” apartments and other multifamily housing units under construction by private real estate developers (not by government agencies). Austin ranks first on the list with 2,717 units under construction, followed by Miami with 2,687 and Los…

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