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Rastegar Adds Half Acre to South Congress Redevelopment
Rastegar Property Company acquired 106 Red Bird Ln. in Austin. The half-acre property is adjacent to, and will be included in, Rastegar’s planned redevelopment for 5402 South Congress.
The planned development provides a pathway to the densely populated South Congress and Central business districts that contain a mix of retail, restaurants, bars and concert venues. Plans for the Red Bird Lane site include a wrap-style multifamily complex with approximately 155 units.
“The Red Bird Lane Property will allow Rastegar to bring much-needed housing to an ever-expanding section of Austin,” said Ari Rastegar, founder and CEO of Rastegar Property Company.
He continued, “The South Congress Corridor is only going to grow as Downtown Austin continues to expand farther south, and this development will be centrally located to all the shops, food trucks and nightlife that make it one of the most desirable sections of the city.”
For comments, questions or concerns, please contact Paul Bubny
- ◦Development
