Rastegar Widens Holdings on West Live Oak Street

Four months after acquiring the former “Slackerville” on Austin’s south side, Rastegar Property Co. added to its acreage stash with the acquisition of an adjacent .54 acres. The property at 508 and 511 W. Live Oak St. was bought from private seller Gladys Long. The new owner indicated it would move ahead on developing a mixed-use project on the site.

“These two West Live Oak properties are the next steps in Rastegar Property Company’s assembly of this large, truly iconic development site,” said Ari Rastegar, CEO of Rastegar Property Co.

“On top of increasing the size of this location, these lots offer seemingly limitless options for the development as young professionals continue pouring into Austin, and the city’s demand for residential, commercial and retail space skyrockets.”

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