Partners Real Estate recently sold six acres of land within The Commons at Rivery to Novak Commercial Development, who plan to build a four-story, 300-unit multifamily building with over 45,000 square feet of retail, service, and restaurant space. The first phase of the project is set to begin in the second quarter of 2023, with an expected completion date in 2025.
Construction & Real Estate Update for May 16 2024
Dive into the latest Austin real estate developments, from a pivotal zoning law shake-up promising to revolutionize home building, to the rise of ADUs offering a fresh perspective on urban living, and the potential market shifts driven by an oversupply of downtown office spaces. Explore these transformative trends and discover how they could reshape your real estate dreams in the heart of Texas. Click through to read more about these exciting opportunities and navigate Austin's ever-evolving real estate landscape.