OHT Partners is looking to build a 360-unit multifamily project at 2730 E. Seventh Street on the town’s eastside. To get it done, OHT has to knock down a vacant retail building. In addition to the residential units, the project, according to a site plan application will include nearly 13,000 square feet of office space. The larger 360-unit development be called 7th & Pleasant Valley.
7th & Pleasant Valley will total 578,000 square feet. OHT has 33 developments throughout Texas, with 14 spread throughout the Austin metro.
The other a smaller, apartment project will add 44-units to just over a quarter of an acre known as 1307 & 1309 East 4th Street, that would rise at those addresses across the street from Scoot Inn bar located at 1308 E. Fourth St. The second development is being built by JLCC Interests, a company linked to the private wealth management firm 512 Asset Management.
The developer behind the project is listed as 512 Asset Management. 512 Asset Management is a private wealth management company that’s focused on real estate investments.
1307 & 1309 East 4th Street 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. Since its founding in 2010, OHT has developed 33 multifamily properties across Texas, 14 of which are located in the Austin metro area.
Govalle Shopping Center a newly renovated H-E-B anchored retail center is adjacent to the project site. 10 new multifamily/condo developments have been built within blocks of the site. Great mix of local/boutique retail, along with strong national tenant retailers.
OHT Partners is a national leader in multifamily construction, consistently ranking in the Top 10 of the largest multifamily builders in the U.S. Specializing in the major Texas markets, our team has extensive experience building everything from garden-style to high-density multifamily projects.
