River city
Capital Partners
Austin, Texas
Exceptional Vision. Extraordinary Execution.
River City Capital Partners is a developer of innovative residential and commercial urban infill projects in Austin and across Central Texas. Our firm's portfolio of projects include in-fill homes, multifamily, and mixed-used developments. The principals of River City Capital Partners bring over 35 years of combined experience in real estate development, construction, acquisitions, divestitures, property management, land planning, government regulation and finance to create valuable, successful projects for our clients.
Having originated as an urban in-fill developer of residential homes, our firm has grown to now focus predominately on multi-family mixed-use and master development of large land acreage.
Land Acquisition | Entitlement | Permitting
Development | Construction | Financing
Who We Are
Peter Kehle
CO-FOUNDER & CEO
Peter is responsible for all aspects of the company’s development, financing, construction and acquisition activities. His leadership within the firm is informed by a depth and breadth of experience over the past 30 years in the creation and operation of companies involved in real estate development, investment, construction and finance.
Cory Older, CPA, MBA
CO-FOUNDER & President
Leveraging his 15 years of experience as a CPA and former Deloitte consultant, Cory organizes the capital structure of the firm’s projects and oversees all financial aspects of the company. He strives to properly align the various stakeholders to maximize overall project success for all parties. In addition to financial structuring, Cory is intimately involved with project design, with an emphasis on creating a best-in-class tenant and user experience.
Current Developments
Located at 6400 East Riverside Drive, between Montopolis Dr. and Vargas Rd., the 7.3-acre Urban East project, designed by Davies Collaborative, will include 381 units in the first phase, with an expected delivery date of Q1 of 2023. The second phase, estimated to begin in Q1 of 2022, will bring an additional 137 units for a total of 518 units. Approximately 80 percent of the apartments will be one-bedroom units, with an average size ranging from 750 to 800 square feet, as well as efficiency studios at approximately 550 square feet and the largest units spanning over 1,200 square feet. The site will feature secure, covered parking with three structured parking garages.
Complementing the multi-family residence at Urban East will be an exceptional line up of high-end amenities, including two resort-style swimming pools with sun decks, pool-side lounge, two-lane bowling alley, outdoor grills, dog park, fully equipped gym, yoga fitness studio, coffee bar, media-conference room and a sky lounge with views of downtown Austin.
Parmer Gateway
Located at 4801 East Yager Lane, Parmer Gateway is a 70-acre opportunity zone mixed-use development on E. Parmer Lane, adjacent to the Samsung Semiconductor campus, that will feature multi-family, hotel, retail and rental housing.
The projects is located at the intersection of East Yager Lane and East Parmer Lane in the bustling Tech Ridge Corridor, which is also home to major companies including Apple, Facebook, 3M, The Home Depot, General Motors and Allergan.
Parmer Gateway will offer three distinct elements on the site - multifamily market rate apartments, income-restricted units and a separate commercial development.
Investment Strategy
While market data drives selection of project locations, the product class and type is not standardized. An integral part of RCCP's approach during the design process is to consider the surrounding environment and community as a whole to create the right look and feel for a successful development. The firm’s guiding mission, "value creation for all stakeholder - investors, community, and tenants", is primarily through a develop and hold strategy.
Opportunity Zone Expertise
River City Capital Partners has gained significant expertise in the opportunity zone space and is breaking ground in Q1 2021 on Urban East in Central Austin, one of the largest opportunity zone real estate developments in the Austin. Parmer Gateway, slated to break ground in Q1 2022, will also be structured as an opportunity zone project.
The Opportunity Zone concept - created by the Tax Cuts and Jobs Act of 2017, is a National Economic Stimulus Program. Investments in opportunity zone projects provide investors with unique opportunities to defer capital gains within long-term investment horizons.
Latest Coverage
Austin development news: The latest on the Moody Center, Austin State Hospital and more
Urban East, a new apartment building on East Riverside Drive, broke ground in early March. The project is starting construction with 381 units in the first phase, estimated to open […]
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Hundreds of affordable Austin apartments breaking ground on Riverside Drive
A project with more than 500 apartments is on tap for the rapidly growing East Riverside Drive corridor in Southeast Austin. To read full article, CLICK HERE.
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