For younger adults that want a place to live in a bustling area of Austin, Texas, a new apartment complex could be an option if they don’t mind tighter spaces.
This week, Transwestern Development announced plans to develop a micro-unit community, Indie Apartments, in the East Sixth district just east of downtown Austin.
The 55,814-sf property will have 139 units, with 350-sf, one-bedroom units and 520-sf, two-bedroom options. The fully furnished apartments save on space with built-in storage units, Murphy beds, hideaway kitchen modules, and convertible tables.
The Austin American-Statesman reported that rent will cost between $1,100 and $2,000 a month.
The apartments are just a block away from the Plaza Saltillo metro station and a few blocks east of an arts, food, and entertainment district, Sixth Street.
“Younger generations like Millennials have personal incomes that aren’t growing as fast as rental rates in most areas, yet they want to live in the middle of restaurants, bars, and entertainment areas,” Josh Delk, VP at Transwestern Development, said in a statement. “This project will answer that growing demand for more efficient, affordable living space that is located close to numerous amenities.”
The building, which also has a 2,500-sf restaurant, will be across the street from another Transwestern Development project. A 445,952-sf mixed-use complex will have a 94,500-sf office building,10,000 sf of retail space for three restaurants and a grocery store, and a 350-unit apartment building, named The Arnold.
“We strategically planned these two projects, Indie Apartments and The Arnold and its adjacent office building, to complement each other and provide a suite of amenities for residents of both communities,” Delk said. “The residential population in this area is a diverse mix—old and young, permanent residents, business travelers and visitors, etc.—so we have designed living spaces to cater to a variety of renters."
Construction will begin in June and the first units are expected to deliver in August 2017. Along with Transwestern Development, the Building Team includes Martines Palmeiro Construction (GC) and Wilder Belshaw Architects (architect).
Related Stories
Multifamily Housing | Mar 23, 2015
Multifamily for Millennials: Understanding what Gen Yers want in apartment design
Authentic public spaces, pet-friendly options, and inviting, tech-focused lobbies are among the key ingredients to a successful multifamily rental development, writes BLT Architects’ Michael R. Ytterberg.
Multifamily Housing | Mar 18, 2015
Prefabricated skycubes proposed with 'elastic' living apartments inside
The interiors for each unit are designed using an elastic living concept, where different spaces are created by sliding on tracks.
Multifamily Housing | Mar 16, 2015
New Jersey Supreme Court puts control of affordable housing agency in the courts
The court said the state’s affordable housing agency had failed to do its job, and effectively transferred the agency's regulatory authority to lower courts.
High-rise Construction | Mar 16, 2015
Mexican Museum tower caught in turmoil to break ground this summer in San Francisco
Millennium Partners said it will break ground on the 53-story residential and museum tower while the lawsuits go through the appeals process.
Mixed-Use | Mar 13, 2015
Dubai announces mega waterfront development Aladdin City
Planned on 4,000 acres in the Dubai Creek area, the towers will be covered in gold lattice and connected via air-conditioned bridges.
High-rise Construction | Mar 12, 2015
Developers confirm Renzo Piano’s contribution in Sydney harbor overhaul
If the entire development is approved, One Sydney Harbour will be Piano’s second project in Australia.
Multifamily Housing | Mar 12, 2015
Multifamily construction has been a boon to L.A.’s economy
A new study finds that nearly one-quarter of Los Angeles’ population lived in rental homes and apartments in 2013, a number that undoubtedly has increased since.
Modular Building | Mar 10, 2015
Must see: 57-story modular skyscraper was completed in 19 days
After erecting the mega prefab tower in Changsha, China, modular builder BSB stated, “three floors in a day is China’s new normal.”
Multifamily Housing | Mar 10, 2015
Developers bullish about multifamily market for third consecutive quarter
After increasing steadily over the past several years, multifamily production has now reached a healthy, sustainable level, according to NAHB Chief Economist David Crowe.
Multifamily Housing | Mar 10, 2015
A loft project in Dallas evolves into a high rise for both affluent and artistic customers
Atelier | Flora Lofts will be built on one of this city’s last choice undeveloped lots.