Two veteran apartment developers are set to build more than 500 additional apartments within walking distance of Mueller’s burgeoning Aldrich Street town center.
Divided between two complexes, construction on the units will begin this fall.
AMLI, an established Mueller developer, will build two, four-story buildings near Aldrich Street and Barbara Jordan Boulevard that will include a mix of studio, one-bedroom, two-bedroom and three-bedroom units, many of which will feature unobstructed views of Mueller and the Austin downtown skyline. The average unit size is 100 square feet larger than the existing AMLI at Mueller units. A fitness center, business center, pool, cabana with outdoor kitchen and a skydeck are among the amenities planned.
“AMLI is excited to be developing a second apartment community within Mueller. The nearby Aldrich Street will include shops, restaurants, nightlife and cultural activities that will all be very attractive to our residents,” said Taylor Bowen, EVP of AMLI. “Our first community has proven to be very successful, which is a testament to the need for housing and a strong desire to live in a community like Mueller. We believe Mueller attracts potential residents who desire to live a healthier lifestyle in a LEED certified community.”
Another established Mueller developer, Greystar, will build a total of 201 units on four floors at Berkman Drive and Barbara Jordan Boulevard. The community will be designed specifically for active adults of at least 55 years of age, and is slated to open first in late 2016. Features will include a pool/spa, community gardens, sports lawn, yoga/wellness room, fitness studio, private dining room, display kitchen for cooking classes, game room/lounge and media room, for social meeting areas. There will also be approximately 2,000 square feet of ground-floor retail space.
“Mueller’s extensive amenities, as well as its proximity to the Austin city center, makes it an ideal setting to establish a well-appointed rental community that serves the active lifestyles of those 55 or better,” said Derek Brown, Managing Director of Development for Greystar. “There are and will be a number of walkable retail and entertainment options within minutes of the site, including Lake Park and the upcoming Alamo Drafthouse.”
30 units at Greystar’s complex and 48 units at AMLI’s will be reserved for residents who qualify for the Mueller Affordable Homes Program. This program targets households that make 60 percent or less of Austin’s median family income.
“AMLI and Greystar are two of the most admired multi-family developers in the country and we’re pleased to have both of them expand the residential offering at Mueller,” said Greg Weaver, executive vice president of Catellus Development Corp., Mueller’s master developer. “These 500-plus residential units help make Aldrich Street the most diverse and dense part of this compact and vibrant Mueller community.”
Currently, an estimated 5,000 people now call Mueller home. Once both projects are complete, Mueller will have about 1,740 apartments and about 1,000 homes.
For more information on these units or to discuss the benefits of being one of our clients, feel free to contact us at 512.761.5476 or info@muellersilentmarket.com.
[h/t Mueller Austin]
