Parallel Co. plans another West Campus project with room for hundreds of students.
A joint venture has acquired the 21 Pearl student-housing mid-rise in West Campus, near the University of Texas.
West Campus is Austin's densest neighborhood. With a constant supply of students and lots of investor money floating around, it's fertile ground for many of the city's construction cranes.
Lincoln Ventures has started construction on a luxury student-housing project expected to hit the market in summer 2020.
It's part of the ongoing construction boom around the University of Texas campus. But these aren't your dad's old-fashioned dorm rooms: expect a rooftop gym and pool, a yoga studio and a "creative learning floor."
A new development company is celebrating its first student-housing project that balances the high-end amenities necessary in a hyper-competitive market with the whims of Mom and Dad.settlers.
Pearlstone Partners has completed construction of its HŌM Condominiums in East Austin. Emily Lee, principal of listing agent Prospect Real Estate, expects a sellout by the end of 2020.
“HŌM is currently 40% sold out, and the residences will be move-in ready in this month,” said Lee. “We are conducting walkthroughs and scheduling closings for the sold units now, and we anticipate the remaining 35 available units will sell quickly.”