OHT Partners is planning to construct a 360-unit multifamily development at 2730 E. Seventh St on the east side of town (see photo). In order to move forward with this project, OHT will need to demolish a vacant retail building. Along with the residential units, the development will also include approximately 13,000 square feet of office space. Named “7th & Pleasant Valley,” this project will cover a total area of 578,000 square feet. OHT has completed 33 developments in Texas and currently has plans for another fourteen in the Austin metro area.
According to reports from The Austin Business Journal , there is another apartment project in progress at two addresses:1307 &1309 E.Fourth St., located across from Scoot Inn bar at address number1308.
The developer responsible for this second project is listed as512 Asset Management,a private wealth management company specializing in real estate investments.The proposed development would occupy just under half an acre and consist of44 units.It would also require demolition of existing properties includinga3,262-square-foot single-family home anda1,506-square-foot duplex.
Overall,two new apartment projects are set to begin construction sooninAustin.
