Two Austin Apartment Projects on Way

OHT Partners is looking to build a 360-unit multifamily project at 2730 E. Seventh St on the town’s eastside (photo). To get it done, OHT has to knock down a vacant retail building. In addition to the residential units, the project will include nearly 13,000 square feet of office space. To be called 7th & Pleasant Valley, the project will total 578,000 square feet. OHT has 33 developments throughout Texas, with 14 spread throughout the Austin metro.

The Austin Business Journal reports the other project is known as 1307 & 1309 E. 4th St. and would rise at those addresses across the street from the Scoot Inn bar at 1308 E. Fourth St.

The developer behind the project is listed as 512 Asset Management, a private wealth management company that’s focused on real estate investments.

The project would be built on just 0.3 acres and would have 44 units. It, too, would require the demolition of existing properties—a 3,262-square-foot single-family home and a 1,506-square-foot duplex.