Don’t Miss Out: Connect Apartments 2023 – Nov 29th | Multifamily CRE Conference | Miami, FL

Texas CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors


Texas  + Austin  + Apartments  | 

Pearlstone and ATCO Get Approval Nod for Condo Project

Austin-based co-developers Pearlstone Partners and New York-based ATCO Properties and Management recently received final approval for a density bonus for a multifamily condominium development. Currently referred to as The East Tower, the developers plan to release the formal name and branding at a later date.

The East Tower is to be constructed at 84 East Ave. in Austin’s Rainey Street Historic District. Pearlstone Partners and ATCO Properties expect to break ground on the project this summer, with completion projected for first quarter 2024. The 41-story condominium tower situated on 0.41 acres is expected to offer 284 residential homes at an average size of 975 square feet.

In accordance with the Rainey District affordability guidelines, 10 units will be dedicated to the Austin Affordable Housing Program and reserved for households earning up to 80 percent of Austin’s median family income.

The streetscape was designed by dwg.


Inside The Story

Learn More About Pearlstone Partners

About Lisa Brown

Lisa Brown has decades of experience in corporate communications and marketing management with organizations including Coldwell Banker Residential, Grubb & Ellis, Marcus & Millichap, NAIOP, SIOR and ALM. In those positions, she worked in conjunction with chief executive officers and chief marketing officers to create corporate messaging, cohesive branding standards, strategic marketing plans and thought pieces. Brown is a frequent speaker at industry events and an editing adjunct professor for an online course. She has a master’s degree in mass communications from San Jose State University.

  • Shadow Park Apartment Homes

    Lake Jackson, TXTexas + Apartments
    Listing Status:Available
    Listing Type:Highest & best offer
    No. of Units:168
    Cap Rate:5.99
    Average Occupancy:86
    Year Built:1980
    Building Size:119880 Sq ft
    Lot Size:6.14 Acres
    No. of Stories:2
    APN:2115-0126-000, 2115-0009-000
    Zoning Code:2/27/17 CJC
    Opportunity Zone:No
    Price per unit:$76,190
    Learn More
  • Moran Manor

    Rosebud, TXTexas + Apartments
    Listing Status:Available
    Listing Type:Call for offers
    No. of Units:20
    Year Built:1965
    Lot Size:12860 Acres
    Opportunity Zone:No
    Learn More
  • ◦Development
New call-to-action