X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Austin’s city’s tight multi-family market is affecting surrounding towns as developers take projects farther from the city’s bright lights to service a growing pocket of residents who are seeking less expensive apartments.

The latest example is nearby Pflugerville, where ground breaks today on a $22 million, 350-unit apartment complex. The 36-building complex – 1825 Place – will be arranged in clusters of eight to 12 units. The Colonial-style development is being constructed by CD Henderson.

The Greater Pflugerville Chamber of Commerce says the project is a result of increased housing demands by Austin workers. Dell Computer Corp. in Round Rock and Samsung Austin Semiconductor LLP in northeast Austin are among the many employers who have beefed up workforces this year.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper

 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt
Live Chat

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.