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“Morgan Group Inc. to Begin Construction on $70 Million Pearl Burnet MF in Austin”

Austin Real Estate News

Smart Austin Concierge

January 23, 2023

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The Morgan Group Inc. is set to begin construction on Pearl Burnet MF, a seven-story, 400,543-square-foot multifamily property located at 11901 Burnet Rd. in Austin, Texas. The project is expected to cost around $70 million and will be completed in February 2025. The 345-unit tower will feature a four-level parking garage and was designed by STG Design. Construction is scheduled to begin on March 17, 2021.

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"DALLE Prompt: Imagine a vibrant, bustling Austin neighborhood that reflects the city's latest initiative for more affordable and sustainable living. Create an image showcasing a variety of charming, compact single-family homes nestled together on smaller lots. These homes, diverse in color and architectural style, symbolize a new era of housing in Austin, characterized by community, diversity, and innovation. The scene is set against the backdrop of a clear, sunny day, with the city's skyline in the distance, illustrating the blend of modern living with Austin's unique cultural heritage. Include residents of all ages and backgrounds enjoying the outdoors, emphasizing the inclusive and vibrant spirit of the community. The image should convey a sense of hope, opportunity, and the bright future of Austin's housing landscape."
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