AUSTIN, TEXAS (Oct. 28, 2014) —Austin-based multifamily developer Oden Hughes has broken ground on the second phases of its Landmark Southpark and Landmark Double Creek communities in South Austin.
“Austin’s strong job market and quality of life attracts many new residents to the city every day,” said Steve Oden, principal and co-founder of Oden Hughes. “Renters are increasingly looking at South Austin because of the area’s relative affordability compared to downtown and its close proximity to major employment centers, retail options and entertainment venues.”
Oden Hughes will add 285 units immediately south of its Landmark Southpark community near the Southpark Meadows retail center at the intersection of South First Street and Slaughter Lane.
Bordering the 344-acre Mary Moore Searight Park to the south, the latest project will include one, two and three-bedroom units that will rent for between $950 and $1,800 a month starting next October.
Oden Hughes also recently broke ground on 276 units adjacent to the community formerly known as Landmark Double Creek, which Oden Hughes completed in 2013 and sold last year to Toronto-based Brass Enterprises. That property has since been renamed The Landing.
Located three miles south of Landmark Southpark on the north side of Onion Creek Parkway, the project is scheduled to open next August with one, two and three-bedroom units renting for between $920 and $1,750 a month.
Although long-planned as expansions of the company’s previous developments, both new properties will operate independently under yet-to-be determined new names once opened.
Broker Pat Jones, a principal at Apartment Realty Advisors, expects Oden Hughes will see a lot of interest in these new communities.
“With downtown rental rates continuing to escalate, the South Austin apartment market stays at least 95 percent occupied, because it provides more value to the budget minded luxury renter,” he said. “With these new projects Oden Hughes will again deliver luxury communities that appeal to renters who want to live within close proximity to downtown but want more space and amenities than downtown apartments typically provide.”
Oden Hughes Taylor Construction will be the general contractor on both projects. Oden Hughes Management will be in charge of leasing and operations upon completion.
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. The company also offers value-add investments, design-build services, and general contracting. Founded in 2010, the firm focuses on multifamily development, construction and management in major Texas markets. For more information please visit odenhughesllc.com.
Media Coverage
- Austin American Statesman, 10/27/2014, ‘Projects to Bring 560 New Apartments to South Austin’
- GlobeSt., 10/29/2014, ‘It’s Phase Two for Oden Hughes in South Austin’
- Austin Business Journal, 10/28/2014, ‘561 Apartments Set for South Austin Development’
Austin-based Oden Hughes breaks ground on the second phases of two of its South Austin apartment communities.
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Oden Hughes breaks ground on second phases of two South Austin communities.
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Oden Hughes has started constructed on the second phases of Landmark Southpark and Landmark Double Creek.
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