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Health-South Rehab Site Gives Way to Austin Mixed-Use Destination

The site of the former Health-South rehabilitation facility in downtown Austin is set to be transformed into a mixed-use destination comprising a 36-story residential tower, a 15-story office building, more than 25,000 square feet of retail space and a half-acre elevated park.

Located at 12th and Red River streets, the sustainable development will catalyze growth within the city’s Innovation District, which is home to the 11-acre Waterloo Park. An 18,000-square-foot food hall will aid in activating Waterloo Park.

Aspen Heights Partners was selected to redevelop the site after responding to the Austin Economic Development Department’s request for proposals to transform the site in a way that would maximize its value to the community through the addition of affordable housing and other public benefits. A group of deeply rooted Austin-based companies including Aspen Heights, design firm STG Design, engineering firm Civilitude and landscape architecture firm Studio Balcones will work together on the development, which will feature 160 condominiums and 348 rental apartments.

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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 13-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 15-20 daily news stories per day and also 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.

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