AUSTIN – (Realty News Report) – Morgan, a Houston-based multifamily firm, plans to start construction on a 336-unit apartment development in Georgetown, in the red-hot Austin market.
“Morgan opened a regional office in Austin last year to oversee and expand our Texas presence,” said Jason Hauck, Morgan’s Central Region Development Partner. “Caroline at Georgetown is our third multifamily community in Austin with more on the horizon.”
According to ApartmentData.com, the multifamily market in the Austin area has bounced back faster than any other major metro in Texas
Called Caroline at Georgetown, the three-story Morgan development will consist of 16 buildings with amenities including a dog park.
“Look and Feel Local and National”
Caroline at Georgetown’s design blends a contemporary Hill Country aesthetic with modern farmhouse features using Austin limestone and other materials from nearby quarries that “look and feel local and natural,” Morgan said.
Houston-based architecture firm W Partnership Inc. designed Caroline at Georgetown.
Georgetown is part of a fast-growing area in the North Austin suburbs.
“We’ve seen an incredible surge in demand in the multifamily market over the past three months as people return to the office and place more value on location and proximity to community amenities,” Hauck said. “The population surrounding Caroline at Georgetown is well-educated and has strong household incomes. New jobs on the north side are continuing to pull people north.”
Morgan has been headquartered in Houston since 1959 and currently has regional offices in Austin, Denver and Miami.
Apartment construction has been strong in many parts of the state of Texas.
In Houston, 80 communities with 22,368 units were opened in Houston during the past 12 months, according to a May report from Apartmentdata.com. Another 64 communities with 16,954 units are under construction. Ninety-seven communities with 28,059 units are proposed in the Houston area.
July 3, 2021 Realty News Report Copyright 2021.
For more about Texas real estate, check out the book Houston 2020: America’s Boom Town – An Extreme Close Up by Ralph Bivins. Available on Amazon http://tiny.cc/4a2g6y
Houston 2020 Ebook version https://tinyurl.com/4xm7z8b5
Caption: Morgan Starts Austin Apartment Development in Georgetown
Image: Rendering courtesy Morgan. Architecture: W Partnership Inc.
File: Austin. Multifamily. Morgan Starts Austin Apartment Development in Georgetown. Texas. Quarries.