High-rise commercial buildings

Sub Markets

Property Sectors

Topics

Texas CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Texas  + Apartments  | 

Legacy Plans Resi Project in Formerly Industrial St. Elmo District

Legacy Performance Capital has acquired a site in the formerly industrial St. Elmo District of South Austin. Plans for the site, branded The Station at St. Elmo, include a 136-unit condominium/townhome community, featuring flexible live/work spaces.

An estimated $40-million development, The Station at St. Elmo is set to break ground this summer, with an estimated fall 2022 completion date. It will include two four-story buildings housing studio suites, one- to three-bedroom condos and two-bedroom live/work townhomes and condos.  

“For the past three years, Legacy Performance Capital has sought new micro-market asset opportunities in Central Texas,” said Philip Jalufka, CEO of Legacy. “The St. Elmo district made perfect sense to develop new, attractively priced homes for first-time buyers, empty nesters, those seeking professional home offices and others avoiding higher rents and mortgages found close by in Austin’s CBD.”

For comments, questions or concerns, please contact Paul Bubny

Connect

Inside The Story

Connect With Legacy Performance Capital

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Development
New call-to-action
New call-to-action