News

​​​​AUSTIN – Seattle-based Security Properties Inc. has purchased the
Brightleaf at Lakeline multifamily community from Lakeline ATX LLC.

The Class A project, which delivered in 2022, is near Lakeline Mall at 14115
N. US 183.

The community has​ 304 one- and two-bedroom apartments averaging 880 sf. It
consists of three mid-rise​ buildings and five carriage-style buildings on
12.3 acres​.

[](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: _[Austin Business
Journal](https://www.bizjournals.com/austin/news/2022/12/28/security-
properties-gains-foothold.html)_

​​BEE CAVE – Nutrabolt has started work on its 75,000-sf headquarters
facility.

The HQ will be on 8.6 acres. It will have gym space areas for individual and
team fitness.

The project is a partnership with Riverside Resources.

Opening is slated for 2024.

​​​​LOCKHART – Titan Development has broken ground on Building 1 at Lockhart
130 Industrial Park.

The 167,794-sf rear-load facility will have 32-ft clear heights, 36 dock
doors, and a 60-ft speed​ bay.

Completion is slated for fourth quarter 2023.

At full buildout, Lockhart 130 Industrial Park will have four buildings
totaling 650,000 sf across 45 acres.

​​​​​​AUSTIN – Apple has filed plans for another project within its three
million-sf​ Parmer Lane campus.

The project, called Capstone Phase 2 AC12, will be a 33,000-sf multi-story​
building. It will cost around $22 million.​​​

Construction begins Oct. 1, 2024, and will wrap up in August 2025.

HKS Architects Inc. designed the project.

Earlier this year, Apple filed plans for Capstone Phase 2 AC03, a five-
story,​​ 369,461-sf​ building. The $46 million facility​ will break ground on
Feb. 1, 2023, and deliver a year later. ​

​​​​​​MANOR – DD&B Con​struction has purchased a 13.2-acre multifamily
development site within the Las Entradas master-planned project.

The project will have 200 units and 20,000 sf of retail space.

Avison Young represented the seller, Las Entradas Development Corp. DH Realty
Partners represented the buyer.

[](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: [REBusiness Online](https://rebusinessonline.com/avison-young-
arranges-sale-of-multifamily-development-site-in-manor-texas/)

​​​AUSTIN – Presidium has broken ground on Presidium Tech Ridge, a 358-unit
multifamily project on 14 acres at 1210 Tech Ridge Blvd.

The project will have studio and one- and two-bedroom floor plans.

Amenities include a pool, fitness center, game room, coffee bar, theater
lounge, gold simulator, business center, catering kitchen, coworking lounge,
dog park, and courtyard with fire pits.

Completion is slated for late 2023.

[](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: [REBusiness Online​](https://rebusinessonline.com/presidium-breaks-
ground-on-358-unit-multifamily-project-in-northeast-austin/)