A Nashville-based developer, Adventurous Journeys Capital Partners (AJ Capital), has announced plans to construct a mixed-use development south of the University of Texas at Austin campus. The project will include 194 hotel rooms and a 19-story residential component with 228 units. AJ Capital’s Graduate Hotels, known for their boutique style and proximity to universities, will operate the hotel portion.
The proposed development also includes amenities such as a lobby, ground floor restaurant, rooftop restaurant, gym facilities, meeting rooms and banquet space. The residential component under Memoir Residential brand will offer studio, one- and two-bedroom units along with various amenities like bike storage area,dog wash area,and leasing office.
To make way for this new construction,the existing office building from 1965 on the site must be demolished first.The project is expected to bring in significant economic growth once completed.
