An Austin architectural firm is planning to build a 326 unit apartment complex along North Lamar Boulevard. The Austin Business Journal reports that public documents indicate Bercy Chen Studio is planning the project, that will set aside half of the units as affordable.

The scope of work for the project is a single building with five residential floors atop two stories of above-grade podium parking. The project will rise across two lots totaling 2.1 acres at 5916 N. Lamar Blvd. and 900 Old Koenig Lane. The buildings will have to be demolished.

Developers are setting aside half the units as affordable to apply for the city’s SMART Housing program and Vertical Mixed-Use program. The SMART Housing program allows developers to build more units than are allowed by a site’s zoning in exchange for setting aside a portion of homes as affordable, and the VMU program permits developers to exceed the maximum building height by a maximum of 30 feet.