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Residential Rezoning Sought Along North Austin Corridor

Dallas-based Stillwater Capital Investments is seeking to have a 4.4-acre site along Burnet Road in North Austin rezoned to allow for the construction of a 360-unit, six- or seven-story apartment complex at a maximum height of 90 feet. About 10% of those units would be reserved as affordable for those making 60% of the area’s median family income, the Austin Business Journal reported.

A 35,202-square-foot retail and office center would have to be demolished to make way for the apartment complex, according to plans submitted to the city of Austin. About 40% of the center is vacant. Tenants include The Local Post Pub, which fronts Burnet Road.

Stillwater has the property under contract to purchase, the Business Journal reported. Ronan Corp. is the current owner of the property. Nearly 1,400 apartments along Burnet Road have been proposed by various developers.

For comments, questions or concerns, please contact Paul Bubny

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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).

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