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Dominium buying, expanding affordable housing community

Austin Real Estate News

Smart Austin Concierge

December 6, 2022

​​DRIPPING SPRINGS – Dominium has acquired the Springs Apartments, a 76-unit
affordable housing community at 289 Springs Ln.

Built in 2001, the property ​has one- to three-bedroom units reserved for
residents earning no more than 60 percent of the area median income.

Dominium will construct 144 additional units and rehabilitate original units.
The project represents a $3 million investment.

texaslogo.pngThe Texas Real Estate Research Center
has more news like this online for free:

* [ _Texas Quarterly Apartment Report_](https://www.recenter.tamu.edu/articles/research-article/TexasQuarterlyApartmentReport-2242)
* [Austin multifamily news​](https://txrec.io/2PoQABe)

​Source: Community Impact
Newspaper​

Source

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For the hero image of this article, envision a vibrant, dynamic scene encapsulating the spirit of the upcoming renovations at Austin Community College's Round Rock Campus. The image foregrounds a group of diverse, smiling students gathered around the entrance of Building 1000, which sports a large, colorful banner announcing the renovation project with the words "Future Home of the Student Support Center" and the dates "08/31/2024 - 08/31/2025." Construction signage and a few pieces of equipment subtly visible in the background hint at the transformation underway, without overpowering the scene. Behind the students, the campus itself is a hive of activity, with more students and faculty moving about, engaging in conversations, and studying in outdoor spaces that blend seamlessly with the green, well-kept lawns and modern architectural elements of the campus. The bright, sunny Texas sky casts a warm, inviting glow over the scene, suggesting a day full of possibilities. To the side, an artistic rendering on an easel or a digital display shows a sleek, modern interior filled with students utilizing the new facilities, symbolizing the future state of the renovated spaces. This visual juxtaposition highlights the transition from the current to the future state, underlining the article's theme of transformation and growth. Above this lively tableau, the title "Hey there, Austin amigos! Let's Transform Together!" is emblazoned, capturing the essence of community, progress, and the exciting developments at the ACC Round Rock Campus. This image would not only attract attention but also convey the sense of opportunity and forward momentum that the renovations represent.
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Dive into the pulse of Austin's real estate and construction with this week's updates, featuring Williamson County's bustling activity, including a significant renovation at ACC - Round Rock Campus and the much-anticipated Jeffs Auto Body Shop. Uncover how Austin's office space vacancy presents unique challenges and opportunities, alongside the cooling housing market's impact on landlords and tenants alike. Click through for the full insights and discover how Smart Austin Realty can navigate you through the city's dynamic real estate landscape.
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"Create a vibrant and celebratory image showcasing the spirit of the 2024 H-E-B Austin Sunshine Run and Cinco de Mayo celebration. The scene should be set at the scenic Auditorium Shores with Austin's skyline in the background. It should feature a diverse group of people, including families, individuals, and pets, all wearing colorful running gear and festive Cinco de Mayo attire. Dogs participating in the 'Fastest Dog in Austin 5K' wear miniature sombreros and race bibs. Runners hold water bottles, wear race bibs, and some are draped in Mexican serapes. Children laugh and play, holding medals and participating in the Kids K. In the sky, a bright sun smiles down on the event, enhancing the warm and joyful atmosphere. Include the iconic H-E-B logo and Cinco de Mayo decorations such as papel picado banners fluttering in the breeze. The image should exude a sense of community, celebration, and the joy of participating in a fun, active event together in the heart of Austin, Texas."
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