The five-story community will feature 100 units located on the southeast corner of East 5th and Navasota streets.
AUSTIN, TX—DMA Development Company LLC is moving forward with a mixed-income multifamily community where the majority of rental rates will be within reach for low-income residents. Called Talavera Lofts, the majority of residences—90 of the 92 apartment units—will be accessible to incomes ranging from roughly 30% to 60% of the area's median income. Presently, the AMI of 60% is equal to an annual income of $56,760 for a family of four.
The five-story community will feature nearly 100 units located on the southeast corner of East 5th and Navasota streets, immediately west of the Plaza Saltillo commuter rail station. Designed by Nelsen Partners, the community will have a mix of studios as well as one-, two- and three-bedroom apartments connecting to the rail station and the Lance Armstrong Bikeway.
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
