AMLI Residential has announced it will build a 279-apartment building at the Mueller master-planned community in Northeast Austin. The homebuilder expects to break ground on the mixed-use building in the first quarter of 2013, with the first units available in the third or fourth quarter of 2014, reports the Austin-American Statesman.
The $30 million project, which will be located across from Mueller’s 30-acre Lake Park and the planned home for Austin Children’s Museum, will feature one- and two- bedroom units and include 8,000 square feet of retail space. The publication adds that rents will vary from $1,100 to $1,800 a month, with an average of about $1,350 a month. Units will range from 630 square feet to 1,200 square feet.
According to a news release by AMLI, the new apartment community will also feature a fitness studio, business and conference center, Wi-Fi, club and gaming lounge, resort-style pool and private sundeck, as well as a public paseo linking the lakefront and apartments to the town center.
The Community Impact Newspaper reports that circa 15 percent of the units built by Chicago-based AMLI will be reserved for residents who earn 60 percent or less of the city’s median income.
The building is the fourth project at the Mueller site, a 700-acre redevelopment project to create a mixed-use, urbanist community on the site of the former Robert Mueller Municipal Airport. The other multifamily projects are Mosaic at Mueller, the second phase of Mosaic at Mueller and Wildflower Terrace.
When complete, the master-planned project developed by Catellus Development will feature 5,700 single-family and multifamily homes, 4.4 million square feet of commercial space, 650,000 square feet of local retail space and 140 acres of park space.
Photo courtesy of AMLI Residential
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