News

​​ROUND ROCK – CP Capital and ZOM Living are developing Azola Avery Centre, a
359-unit garden-style apartment complex within the Avery Centre master-planned
community.

It will have studios and one- and two-bedroom floor plans.

Amenities will include a clubhouse, game room, fitness center, pet spa, dog
park, and a resort-style pool.

Construction begins in January 2023 and will wrap up in 2025.​

[](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: [Real Estate Weekly](https://rew-online.com/cp-capital-us-and-zom-
living-announce-azola-avery-centre-in-round-rock-texas/)

​BUDA – CLD Realty is developing Corner on Main, a 48,000-sf retail center on
5.7 acres at 2260 Main St.

The $8 million project will have seven one-story buildings. It was designed by
Runa Workshop.​

Construction begins in March 2023 and will last a year.​

​AUSTIN – Endeavor Real Estate Group is redeveloping the former _Austin
American-Statesman_ headquarters at 305 S. Congress Ave. into a 3.5 million-sf
mixed-use project.

Plans call for 1,378 residential uni​ts, 1.5 million sf of office space, a
275-room hotel, and 150,000 sf of retail and restaurant space.

The Cox family, who owns the newspaper and the 19-acre site, is partnering
with Endeavor on the project.

AUSTIN – Inspire Development Real Estate LLC has broken ground on The Eden, a
306-unit multifamily complex.

It will have one-​, two-, and three-bedroom apartments ranging from 678 to
1,511 sf.

Amenities will include a fitness center, rooftop lounge deck, golf simulator
room, dog spa, cow​orking lounge, resort-style pool, and personal cabanas.

The Eden is the first piece of Pearson Ranch, a $2 billion, 158-acre mixed-use
project. The development will be built over ten years.

NRP Group is the general contractor. Davies Collaborative is the architect.

Construction will be complete by the end of 2024.

[](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
Jo​urnal​](https://www.bizjournals.com/austin/news/2022/12/08/vertical-
construction-a-go-pearson-ranch.html)_

​​​AUSTIN – Trammell Crow Company is developing a 20-story apartment tower in
The Domain.

The $145 million project will span 700,000 sf across 416 units.

Amenities will include a fitness center, amenity deck, and clubroom.

ESG designed the building. Construction begins in April 2023 and will take two
years.

[](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:[ Connect CRE​](https://www.connectcre.com/stories/trammell-crow-to-
build-austin-apartment-tower/)

​​AUSTIN – Blakefield is developing Thomas Ranch, a 2,200-acre master-planned
community near Lake Travis.

The multi-phase project wi​ll have thousands of homes, apartments, a resort
hotel, and 250,000 sf of retail, dining, and office services.

Construction begins in 2023.