1125 Shady Lane
The Opportunity
Acquired unique 7.95 infill acres in the heart of East Austin. The site is adjacent to the vibrant Govalle Neighborhood Park and will connect directly to the Walnut Creek Hike & Bike Trail. We were able to successfully secure a rezone from SF-3 to MF-4 allowing for 290 multifamily units. As part of entitlement completed a CH.26 process with the Austin Parks and Recreation Department and Army Corp. of Engineers. Unlocked tremendous value in the site and increased the appraised value of the land by 5X+. We are moving forward with the vertical development.
Competitive Advantage
Lessons Learned
Property Location
Documents & Financials
Related Articles
Investment Summary
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