Aspen Heights Partners has announced plans to convert the old HealthSouth rehabilitation hospital into a residential complex, featuring two 37-story towers located at 1215 Red River Street and 606 E. 12th Street. The development, which will provide 921 apartments in total, will feature 25% of its units set aside as affordable housing for a period of at least 99 years. This news follows the trend of increased residential development in Austin, with the Austin Business Journal reporting a steady rise in multifamily housing in the area.
