Located at 10101 S 1st St, Austin, a new wave of change has swept over the 244-unit apartment community, Parkview Terraces. The catalyst behind this transformative shift is none other than the prominent Texas-based private equity firm, SPI Advisory. Constructed in 2009, the development was originally known as Cortland Southpark Terraces. Fast forward to the present, and it has undergone an extensive renovation process, thereby birthing a rebranding that reflects its transition into a modern residential hub.
Parkview Terraces offers a variety of options to prospective tenants, with one-, two- and three-bedroom units. The spatial construct of these units starts at a generous 700 square feet, offering ample room for comfort and functionality.
Amenities are plentiful and designed with the modern resident in mind. With two swimming pools, a clubhouse, and a fully equipped fitness center, recreation is well catered for. Moreover, the on-site business center fuels productivity while serving as a perfect work remote solution. Additional amenities, such as outdoor grills and a dog park, enrich the community lifestyle, promoting social interaction and overall wellbeing.
While the seller’s identity and the exchange price remain under wraps, this acquisition marks a promising future for the Parkview Terraces, as they set their sights on becoming the go-to residential development in Central Texas.