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Austin, Texas, August 26, 2021 / PRNewswire / – Wood partner, a national leader in multi-family property development, broke ground for its newest luxury home in. known Austin, Texas. The property is located at 8528 Burnet Road and is being developed in partnership with ParkProperty Capital. The first phase is scheduled to open in the fourth quarter of 2022.
The property will be inspired by the vibrant and eclectic history of the North Burnet Road corridor, combining Austin-inspired design elements with the refined, fresh aesthetic that Wood Partners properties are known for. The project will offer 261 one, two and three bedroom luxury units. The units will include high-end surfaces, devices and technology packages. The amenity-rich design will provide unique spaces both indoors and outdoors, including a club room, fitness center, business center, micro-offices, conference and entertainment rooms, outdoor kitchen, outdoor exercise and yoga area, dog park and resort. Swimming pool in style. The property will also have its own parking garage and an indoor / outdoor sky lounge with a wide view of the surrounding area.
“This project reaffirms Wood Partner’s commitment to developing market-leading equipment in prime locations across Austin,” said Bart Barrett, CEO of Wood Partners. “8528 Burnet is a strategic step forward in cementing Wood Partners’ presence as a pre-eminent multi-family development group in Austin and Central Texas. We have delivered or are currently building around 1,200 apartments in this market and we are pursuing further options. “
“We are happy to have our flag in Austin with a developer as well-established as Wood Partners, “said Brendan whale, Managing Director of ParkProperty Capital. “This will be our first investment in Austin, and we strongly believe in the long-term prospects due to the business-friendly environment and quality of life that the city has to offer. This is our fourth investment with Wood Partners as we continue to seek similar development opportunities in key US Sunbelt markets. ”
The location will place residents in one of Austin’s most prominent areas and provide access to key employment, entertainment and activity centers including The Domain and Parmer Austin. Major employers include Apple, Amazon, Facebook and GM’s IT Innovation Center. Up-and-coming bars and restaurants as well as established favorites shape the community. Nearby shopping includes the Arboretum, Gateway Shopping Center and the shops on Arbor Walk. Residents will also benefit from the property’s proximity to the newly opened Q2 Stadium, home of FC Austin, Austin’s Major League Soccer team.
About Wood Partners
Wood partner is a national leader in the development, construction and management of multi-family communities throughout The United States. The company was involved in the acquisition and development of nearly 90,000 apartment buildings with a combined capitalization of. involved $ 16.5 billion. The company currently owns 70 properties throughout The United States represented more than 20,000 households. Headquarters in Atlanta, Wood Partners has offices in 21 major markets in 14 states across the country. The company also operates Wood Residential, an award-winning, full-service real estate management group that proudly operates both Wood Partners-developed properties and third-party owned communities. For two years in a row, Wood Residential has ranked # 1 for online reputation in the J Turner ORA ™ Power Rankings (Division III). For more information, visit woodpartners.com.
CONTACT: Nick Fischer, nick.fischer@bcw-global.com, 678-997-7928
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SOURCE Holzpartner
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