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 | Apr 10, 2018
Luxury apartment community in southwest Charlotte provides 288 one- and two-bedroom units
Each of the six buildings will offer 28 corner units.
Multifamily Housing | Apr 10, 2018
Studio Gang’s 11 Hoyt brings over 480 apartments and 50,000-sf of amenity space to NYC
The tower is Tishman Speyer’s first ground up condominium project in New York City.
Multifamily Housing | Mar 28, 2018
The latest data in the multifamily ‘amenities war’
Download Multifamily Design+Construction’s free 16-page report on the amenities multifamily architects, builders, and developers are providing their tenants and code buyers.
Multifamily Housing | Mar 21, 2018
Apartments outperform office, retail, industrial properties: NMHC research
Apartments offer strong returns and relatively low risk, according to new research from the National Multifamily Housing Council Research Foundation.
Multifamily Housing | Mar 14, 2018
How to solve the housing crunch on college campuses
A growing number of public and private academic institutions are turning to designers and architects for alternative housing strategies—particularly in high-density areas on the East and West Coasts.
Hotel Facilities | Mar 6, 2018
A New Hampshire college offers student housing as hotel rooms during the summer
The opening of a new residence hall could help with Plymouth State University’s hospitality marketing.
Multifamily Housing | Mar 4, 2018
Katerra, a tech-driven GC, plots ambitious expansion
Investors flock to this vertically integrated startup, which automates its design and construction processes.
Multifamily Housing | Feb 28, 2018
Transwestern data points to demand for larger rental units among baby boomers
As baby boomers seek to downsize from large homes, developers are increasingly designing apartments specifically for this demographic.
Multifamily Housing | Feb 27, 2018
Victorian era gasholders become modern residences in London
The new residences are part of the King’s Cross redevelopment scheme.
Multifamily Housing | Feb 22, 2018
Multifamily building with 25,000 sf of amenities rises on the shore of the Potomac River
The building is part of the National Gateway mixed-use development at Potomac yard.