March 6, 2019
Stillwater Capital of Dallas broke ground on a 259-unit apartment complex on 665 N. Bagdad Rd. in the Austin suburb of Leander, TX. In addition, the developer closed on a second land site, with plans to launch construction by early April 2019 on a 222-unit complex in Austin’s Riverside neighborhood at 2511 Montopolis Dr.
The projects, currently unnamed, will offer resort-style pools, a courtyard with pergolas and grilling stations, state-of-the-art fitness centers and green spaces. The Leander project will open in late 2019, with the Riverside project scheduled for a fall 2020 delivery. Additionally, the Riverside complex will sit on six acres within a destinated Opportunity Zone.
“With Central Texas experiencing tremendous job growth, Stillwater continues to identify compelling opportunities within certain submarkets to develop new multifamily products to accommodate the growing renter population,” said Stillwater Capital’s Central Texas Partner, Brandon Easterling.
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