Austin Okays Mixed-Income Housing for Health South Buildings
A stalled plan to redevelop the former HeatlhSouth office towers has come back to life. The City of Austin is moving forward on an agreement with Aspen Heights Partners to convert the former offices into 921 total rental units, with 232 of those designated as affordable housing. In addition, the plan calls for commercial space and a child care center.
Council members want 25% of the housing in the 37-story towers to hit the “affordable” threshold for low-income residents. City documents show that the development will have 921 total rentals, with 232 of those designated as affordable housing units.
The execution of a master development agreement was approved Thursday. Components of the agreement include a $12.2 million upfront payment by Aspen Heights Partners on the ground lease, 35,000 square feet of commercial space, a $200,000 mural and a splash pad. Civilitude will be the engineer and STG Design will be the architect.
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