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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 in 2023. A second phase will build another 137 units for a total of 518, with construction expected to begin early in 2022. To read […]
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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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Offices out, more apartments in for Urban East development plans on East Riverside
Instead of a mix of offices and residences, a long-planned East Riverside project has undergone a pandemic pivot and been reimagined as an entirely multifamily development, with half of the units designated as affordable housing. Check out the latest, including details on a new investor. To read full article, CLICK HERE.
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Mixed-use project planned for booming East Riverside corridor
Rapid redevelopment continues to transform East Riverside Drive, with the latest proposed project due to bring 375 apartments along with office and retail space. River City Capital Partners plans to break ground in the second quarter of next year on Urban East, a mixed-use project at 6400 E. Riverside Drive. The company bought the vacant […]
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Major Southeast Austin commercial projects could get boost from Tesla
To read full article, CLICK HERE.
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Hundreds of apartments plus more space for tech companies, restaurants coming to Austin’s Riverside Drive
Development momentum in the East Riverside Drive corridor just keeps building. River City Capital Partners LLC plans a mixed-use development at 6400 E. Riverside Dr. called Urban East. It will feature 100,000 square feet of office space, 20,000 square feet of retail and 375 apartment units averaging about 850 square feet. It will also include […]
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Texas is flush with opportunity zones, compared with much of U.S.
Only 13 states have a higher percentage of opportunity zones than Texas, according to a recent analysis by American City Business Journals. To read full article, CLICK HERE.
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Land of opportunity (zones): Clock is ticking to make the most of economic incentives for development
Opportunity zones are the federal government’s attempt to spur economic development in low-income census tracts, but they’re also a new way for investors to significantly cut and delay their tax bill from reinvesting capital gains. Here’s what the experts really think about opportunity zones. To read full article, CLICK HERE.
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Opportunity Zone Land Scooped Up Near Samsung
The opportunity zone specialists at River City Capital Partners LLC have closed on a new acquisition in Northeast Austin near major employers and budding neighborhoods. The 69-acre opportunity zone tract is located on undeveloped land at the intersection of East Yager Lane and East Parmer Lane, just a stone’s throw away from Samsung Austin Semiconductor’s […]
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