Villas Student Housing Breaks Ground on Austin Tower
The 670-bed community is rising near the University of Texas at Austin.
Villas Student Housing has broken ground on a 30-story student housing community in Austin’s West Campus neighborhood. Rhode Partners is the designer of the building that is scheduled for completion in summer 2025. According to public records, the estimated construction cost for the project is $85 million.
Located adjacent to the University of Texas at Austin, the 670-bed development will mark Villas’ eight student housing property in West Campus, the Austin American-Statesman reported. The team behind the project includes interior designer Ariel Bleich, contractor Rogers O’Brien, as well as DCI Engineers, Bleyl Engineering, V3 Consulting Engineers, Terracon and landscape architect Blu Fish Collaborative.
Located at 2313 Rio Grande St., at the intersection of 24th and Rio Grande streets, the 340,000-square-foot community rises on a site formerly occupied by a Cain & Abel bar and restaurant.
The 199-unit property will feature a mix of amenities, including a hotel-style reception and lounge area, study spaces, a package room, an indoor/outdoor fitness center, a resort-style swimming pool, a spa and a basketball court. Additionally, two levels of below-ground parking and three levels of above-ground parking will also be available.
Construction activity is booming at The University of Texas at Austin
The University of Texas at Austin led the nation in mid-2023 for most bedrooms under construction, according to a recent Yardi Matrix report. As of June, the school had 5,862 bedrooms underway and a 89.6 percent preleasing rate.
Recently, Rhode Partners and DCI Engineers teamed up for the design of another 30-story student housing property in Austin’s West Campus. Dubbed Icon, the 555-bed tower broke ground in April and is slated for completion in mid-2025.