A development comprising nearly 150 micro-apartments is on tap for a new site in downtown Austin.
Houston-based Transwestern Development Co. plans to build a 147-unit micro-apartment complex at 827 W. 12th St., across from Austin Community College’s campus on Rio Grande Street. Construction is scheduled to start during the second half of 2020, with completion tentatively set for mid-2022.
Currently situated on the more than half-acre site are printing company Dynamic Reprographics, 12th Street Books, and two office spaces.
“The site is an excellent location for a wide variety of residents, from students to established professionals. … [It] offers convenient access to most of what Austin has to offer in an upscale residential setting that sets it apart from the majority of the competition,” says Ty Puckett, executive vice president of Transwestern Development.
The prime spot offers easy access to Austin Community College, the Texas State Capitol, and the University of Texas at Austin.
The average apartment in the complex will be 444 square feet; by comparison, the average new apartment in the U.S. measures close to 900 square feet. The studio, one-bedroom, and two-bedroom units will feature full-size stainless steel appliances, quartz countertops, Murphy beds, and custom-made Italian furniture.
Shared amenities will include a swimming pool, a fitness center, a clubhouse, a courtyard, an area for bicycle storage, and laundry facilities.
The Transwestern project will encompass 65,000 rentable square feet, including 3,600 square feet of retail space, Puckett says.
No word yet on the how much the monthly rent at the Transwestern complex will be. A 2014 survey for the Urban Land Institute found that renters would choose a micro-apartment over a conventional apartment in exchange for lower rent, a desirable location, and the ability to live alone. Most of the renters in the survey indicated they’d expect rent for a micro-unit to be 21 percent to 30 percent lower than for a similar studio apartment.