AUSTIN, TEXAS (January 11, 2018) — Oden Hughes, LLC has broken ground on the 350-unit Lenox Ridge luxury apartment community in North Austin that is scheduled to open in early 2019.
The 10-acre site is located at the southeast corner of MoPac and Scofield Ridge Parkway just a short distance north of The Domain and less than five miles from many marquee employers including Apple, Amazon, IBM, Facebook, Google, Microsoft, Oracle, Paypal and Qualcomm.
Lenox Ridge will cater to the nearby tech-heavy workforce of young professionals with an on-site Community Work Studio similar to the growing number of shared workspaces for lease throughout Austin.
The 1,600-square-foot, second-floor studio will feature private and community offices, meeting rooms, managed Wi-Fi, printers, scanners, open-floor lounge and a hospitality bar.
Nearly 9 percent of working adults in Austin work from home according to the U.S. Census, almost twice the national average. Many of the technology companies near Lenox Ridge encourage employees to work at least part time from home including Dell, Inc. which has set a goal of having 50 percent of its workforce telecommuting by 2020.
“Lenox Ridge will allow young professionals to have the convenient, on-site work space they need without having to pay more for a larger apartment,” said Oden Hughes Vice President of Development Howell Beaver. “We think this unique community is a perfect fit for this dynamic area.”
Oden Hughes Management will lease and manage the property.
The shared workspace isn’t the project’s only usual design element.
General contractor Oden Hughes Construction will build the four-story community out of light gauge steel, a relatively new material more commonly used in mid-to-high-rise construction.
Provided by BlackSwan Steel, the material is measured, manufactured and fabricated at the company’s Houston-based facility, where 80 percent of the work required for framing construction will be completed before the material arrives at the job site.
“Rising lumber prices have made light gauge steel more appealing price-wise,” said Oden Hughes Construction President Eric Taylor. “We expect that it also will allow us to build more efficiently and result in a better product due to its precision, strength and durability.”
About Oden Hughes LLC
Oden Hughes LLC is an Austin-based multifamily development, construction and property management company that focuses on Class A properties in the Austin, San Antonio, Dallas, Fort Worth and Houston markets. Founded in 2010, the company also offers value-add investments, design-build services, third-party general contracting and third-party property management.
Media Coverage
- Austin American Statesman, 1/13/18, ‘350-unit luxury apartment complex planned near The Domain ‘
- Austin Business Journal, 1/12/18, ‘Oden Hughes caters to tech workers with new 350-unit apartment complex near The Domain’
- ”Commercial
