A new apartment community has broken ground near Whole Foods at Sixth and Lamar, the Austin Business Journal reports.
Built by Oden Hughes LLC and CWS Capital Partners LLC, the new community will have 226 units and will be built at 1301 W. Fifth Street.
The project is forecast to cost $29 million and will include one, two, and three bedroom units, with 10 percent priced at below market rates for qualified renters.
There will also be 2,200 square feet of ground floor retail included in the project, which is projected to be finished by the end of next year.
Oden Hughes is an Austin-based developer that also built the Water Marq apartments on East Riverside Drive and is currently building Lenox Boardwalk, a community with 339 units that will open in June. Lenox Boardwalk will be close to the new Oracle campus in East Austin.
Another Oden Hughes project is Lenox Springs, an apartment community with 660 units in far South Austin.
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