In a recent exciting turn of events in Central Texas’s booming property market, the widely-popular Onyx183, a 390-unit apartment community in the high-demand area of Austin’s Parmer Corridor, has been acquired by Los Angeles-based CIM Group. This strategic acquisition was made in partnership with an undisclosed entity and it signals the commencement of an exciting new era for this residential development.
Originally built in 1995 on a sprawling 21-acre property, the Onyx183 is a treasure in Austin’s real estate crown. Noteworthy for its recent substantial renovations that further elevated its appeal, the apartment community consists of one-, two-, and three-bedroom units, catering to a wide range of residential needs.
But Onyx183 isn’t popular just for its diverse living options; it’s the wealth of facilities and amenities that truly sets it apart. Residents can avail themselves of the two pristine pools, relish in outdoor grilling and dining stations for community gatherings, a pet park and spa for their beloved furry friends, a top-notch fitness center for health enthusiasts, and a cosy resident clubhouse for everyone to enjoy.
Specific details, including the identity of the seller and the final sales price, remain undisclosed as of the time of reporting. For more updates, keep an eye on our blog.