CityView is comprised of 253 units in 13 buildings on a 6.4-acre site on South Congress Avenue adjacent to Music Lane to the north. Turnbridge intends to demolish two of the buildings on South Congress Avenue construct a new commercial building with an improved design aesthetic in order to maximize the value of the property’s frontage adjacent to the Music Lane development. The new building will be anchored by a prominent fitness tenant with approximately 30,000 square feet of ground, second, and third floor space. Additionally, the remaining 217 multifamily units at the property will be fully renovated and rebranded. Renamed as the Muse, the property will have a brand new leasing center, fully renovated pool, significant landscaping upgrades, and new signage.

Austin: CityView Apartments

Address

1007 South Congress Avenue, Austin, TX

Submarket

South Congress

Size

279,000 square feet

Type

Multifamily/Retail

Date Acquired

February 2017

Date Sold

Currently owned by Turnbridge