Luxe Austin Homes - new apartments

"Austin is building more new apartments than any other U.S. city"

CultureMap Austin writes, "It seems that Austin will keep building as long as the people keep moving here. A new apartment construction analysis finds that Austin has the No. 1 highest apartment construction rate out of all U.S. cities this year, with more than 15,000 new units expected to be completed from the beginning of the year to the end of December 2025.

RentCafe's report, "New Apartment Construction Tops 500K Units This Year, More Than Half in 1 Region" examined apartment building data across 369 U.S. metro areas, specifically buildings containing 50 or more units.

More than 500,000 apartments are in development throughout the country this year, the report found, though that's significantly lower than the 640,000-plus units that were…

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"2 big apartment complexes pegged for North Austin"

Austin Business Journal reports, "Two big multifamily projects are in the works for North Austin.

Developers have filed plans with the Texas Department of Licensing and Regulation for two projects that would see almost 800 residences and more than one million square feet of new development built over the next two years. They're planned at a time when the city is grappling with elevated vacancy rates in its multifamily market, but there's a hope that by the time they're delivered, the market will be in a healthier place.

Brockton Residential

The first of the two new North Austin projects is called Brockton Residential. From Atlanta-based Portman Holdings, the project is being planned at 2545 Brockton Drive, according to the TDLR filing.

The…

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"Multifamily project on tap along Colorado River in East Austin"

Austin Business Journal shares, "An East Austin lumber yard could be redeveloped into hundreds of multifamily units.

The 300-plus-unit project is planned at the former site of Eastside Lumber & Decking near the intersection of East Cesar Chavez Street and North Pleasant Valley Road.

The developer of the project, JLB Cesar Chavez, is Dallas-based JLB Partners, according to a filing with the Texas Department of Licensing and Regulation. The property owner is an entity called TRG Cesar Burleson LLC, according to Travis Central Appraisal District. The address of TRG Cesar Burleson LLC matches that of Dallas-based Trinsic Residential Group.

Neither JLB nor Trinsic — known apartment players in this market already — responded to requests for…

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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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"Austin's apartment construction rate is 3rd highest in the nation"

CultureMap Austin writes,"Austin has been in such an building boom that even a slowing rate of new apartment buildings is still one of the fastest in the country. According to a new insight report from RentCafe, the Austin metro area has the third highest new apartment construction rate nationwide, after previously holding the No. 1 title in 2023.

The report from August 7 analyzed new apartment construction data across 369 U.S. metropolitan statistical areas (MSAs). For the purpose of the study, only apartment buildings containing 50 or more units were included. Any U.S. metros with fewer than 300 units or fewer than two properties/buildings were excluded.

The top two metros that outperformed Austin are New York (No. 1) and Dallas (No. 2) with…

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"600 more apartments in pipeline for North Austin"

Austin Business Journal reports, "Two multifamily projects are moving forward in North Austin that could collectively bring more than 600 new apartments to the city and create more opportunities for builders, contractors and more.

Austin City Council approved a zoning change on April 18 for a roughly 10-acre site at 10911 Stonelake Blvd., just north of the North Burnet and Gateway district. That change, from limited industrial zoning to multifamily, sets a path for the construction of about 400 apartments.

The council also approved a zoning change from general office to mixed-use on a 9-acre site at 13614 Metric Blvd., allowing for 238 new multifamily units near the Wells Branch neighborhood to move forward.

Don Reese, founder and partner of…

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"More apartments proposed near Barton Springs Road and Zilker Park"

Austin Business Journal reports, "A plan to demolish a 40-unit apartment complex near Barton Springs Road to make way for a bigger one is set to be considered by City Council later this month.

The project at 1725 Toomey Road — on a less-than 1-acre tract sandwiched between Butler Shores and the original Chuy’s restaurant — would replace the existing Barton Springs Apartments with a new building containing more than 203 units.

Property owner Greg Smith of First Austin Properties is seeking a zoning change for the location to remove a conditional overlay that restricts building height to under 75 feet. Aside from the conditional overlay, the property has the city's highest-density multifamily zoning.

The exact height and other details of the…

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"North Austin neighbor has one of the hottest ZIP codes in the U.S. for new apartments, report finds"

CultureMap Austin writes, "nearly all of Austin has experienced a flurry of apartment construction to accommodate the equally expanding population in the last few years. In fact, five Austin-area zip codes were the hottest markets for new apartment construction between 2018 and 2022, according to a new rental market analysis by RentCafe.

Pflugerville makes a pflying leap over Austin
Most impressive in the Austin metro region, ZIP Code 78660 in Pflugerville was the No. 20 hottest market in the U.S., with a 64.5-percent growth rate for apartments. Nearly 3,900 new apartments were built in the last five years, according to the study.

Austinites and newcomers pflocking to Pflugerville likely moved there for its easygoing city life. H-E-B has also…

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