Oden Hughes Begins Second Phase of Construction on Two South Austin Communities
- Oct 31, 2014
Oden Hughes, an Austin-based multifamily developer, broke ground on the second phases of two communities in south Austin: Landmark Southpark and Landmark Double Creek. In total, 561 new apartments will be brought to the market.
“Austin’s strong job market and quality of life attracts many new residents to the city every day,” said Steve Oden, principal and co-founder of Oden Hughes. “Renters are increasingly looking at South Austin because of the area’s relative affordability compared to downtown and its close proximity to major employment centers, retail options and entertainment venues.”
The Landmark Southpark community is located near the Southpark Meadows retail center at the intersection of South First Street and Slaughter Lane and 285 units are scheduled for the second phase of construction. The multifamily development will offer one-, two- and three-bedroom units, with rents ranging from $950 to $1,800 per month starting October 2015.
The Landmark Double Creek community is located three miles south of Landmark Southpark, on the north side of Onion Creek Parkway, a project finalized in 2013 by Oden Hughes and sold to Brass Enterprises from Toronto. That community’s 276 units are scheduled to be made available next August, offering one, two and three-bedroom units with rents ranging from $920 to $1,750 per month.
“With downtown rental rates continuing to escalate, the South Austin apartment market stays at least 95 percent occupied, because it provides more value to the budget minded luxury renter,” said Apartment Realty Advisors broker Pat Jones. “With these new projects Oden Hughes will again deliver luxury communities that appeal to renters who want to live within close proximity to downtown but want more space and amenities than downtown apartments typically provide.”
The general contractor on the projects is Oden Hughes Taylor Construction, and the management firm responsible with leasing and operations, once construction is finalized, is Oden Hughes Management.