“Austin based Ardent Residential and Atlanta-based Publish Qualities have bought almost five acres of land inside a highly desirable position for redevelopment. The 2 companies, employed in partnership, bought up Kingswood Flats and Bull Creek Townhomes. Bull Creek Townhomes at 4320 Bull Creek Road is really a 140-unit residential community. Kingswood Flats is really a 32-unit community situated at 4318 Bull Creek Rd. The 2 structures were bought in 2 separate deals, apparently included in an agenda to scrape and rebuild.
The brand new Alexan City Lights apartment complex, a category-An intricate of houses, continues to be bought by La-based SCI Property Opportunities LLC. Your building was completed only this past year by Trammell Crow Residential and Opus West Corp. Based on Travis County tax records, the home at 501 East Stassney Lane includes a worth of $33 million. During the time of the offer, Alexan City Lights was 96% leased. Based on reviews, the purchase was brokered by Apartment Real estate Experts.
Alexan City Lights received a lot of press this past year, if this was built near Congress Avenue in South Austin. This trendy apartment development has numerous amazing amenities, including remote-controlled limited entry, paved entrance, an espresso bar, a higher-tech health club that’s open 24 hrs, a company in conference and center that features computer systems copy machines and faxes, a resort style pool, a veranda area, a built-in barbecue, and outside fire place, a carport, as well as an attached parking garage. All common regions of your building include wi-fi access, and many resident records have porcelain tile. Most homes include side-by-side fridges, built-in microwaves, gourmet island kitchen areas, designer cabinets and counter tops, faux hardwood flooring, vaulted roofs, crown moldings, large closets, fans, and enormous utility rooms. Residence models boast Satina Whirlpool home appliances, private patios, linen closets, garden tubs, marble sink vanities, walk-in closets, multiple cable and make contact with lines, plus much more. For truly comfortable urban living, Alexan City Lights certainly provides with a lot of space along with a great modern style. Your building feels safe and modern and it has all of the amenities required for a contemporary family or couple.
Lease terms for that flats are no less than 12 several weeks. This three-story building has central air-conditioning and it is easily situated near to numerous good schools, including Enjoyable Hill Elementary School, Bedichek Junior High School, and Crockett Senior High School. Pets are permitted within the building with no damage to deposits or costs. SCI Property Opportunities LLC certainly introduced a building with a lot of potential along with a good location. The reduced vacancy rate is only going to assist the traders. At this time around it is a puzzle whether any major makeovers are planned, however it will definitely be interesting to determine what lengthy-term plans SCI Property Opportunities LLC has for Alexan City Lights.”
