Austin Archuelta

​​DRIPPING SPRINGS – Dominium has acquired the Springs Apartments, a 76-unit
affordable housing community at 289 Springs Ln.

Built in 2001, the property ​has one- to three-bedroom units reserved for
residents earning no more than 60 percent of the area median income.

Dominium will construct 144 additional units and rehabilitate original units.
The project represents a $3 million investment.

[](https://www.recenter.tamu.edu/articles/technical-
report/Texas-Quarterly-Commercial-Report)The Texas Real Estate Research Center
has more news like this online for free:

* [ _Texas Quarterly Apartment Report_](https://www.recenter.tamu.edu/articles/research-article/TexasQuarterlyApartmentReport-2242)
* [Austin multifamily news​](https://txrec.io/2PoQABe)

​Source: _[Community Impact
Newspaper​](https://communityimpact.com/austin/southwest-austin-dripping-
springs/development/2022/11/30/affordable-housing-community-in-dripping-
springs-under-new-ownership/)_

​​​LOCKHART – Titan Development Ltd. is developing Lockhart Industrial Park
130, a 170,000-sf industrial project.

The four-building speculative development will be on roughly 57 acres near SH
130.

Construction begins in the next few weeks.

​​​GEORGETOWN – The W.D. Kelley Foundation is developing Bridge Business Park,
a 1.1 million-sf development at 5501 S. I-35.

The 92.2-acre campus will have office and flex space across seven buildings.
There will also be an outdoor amenity space and 1,500 parking spaces.

Construction begins next year.

​​​AUSTIN – McWhinney is nearing completion on the Hyatt Centric Congress
Avenue Austin, a 31-story hotel at 721 Congress Ave.

The hotel will have 246 rooms, five suites, and 2,560 sf of meeting and event
space.

Nelsen Partners designed the project, which will open in February 2023.