| ruction on a new development, called Mosaic at | | | | be standard in most residence units. Developers are |
| Mueller, has begun. This development will be the first | | | | claiming that the complex will have five courtyards, |
| multifamily development to be located on the site of | | | | which will boast a smaller pool as well as a larger |
| what was previously the Robert Mueller Municipal | | | | resort style pool. A gaming area and a screening |
| Airport. Mosaic at Mueller will boast 440,000 ft.² | | | | room will also be included in the complex. Tenants will |
| and 442 apartment units. The $45 million | | | | have access to a barbecue area, a catering kitchen, |
| development is being handled by Simmons Vedder | | | | three conference rooms, beautiful common areas |
| & Co. and Crow Holdings Realty Partners IV LP. | | | | with wireless Internet access, and much more. |
| The four-story building will feature one bedroom, two | | | | Tenants will also have quick access to the Mueller |
| bedroom, and three-bedroom units. Units will range | | | | Greenway right from their homes. |
| from 580 to 1750 ft.² and rent prices will range | | | | Mosaic at Mueller is being built with green building |
| from $850 to $2500. Facilities such as a fitness | | | | standards. This will ensure that the project will have |
| center, two pools, a business center, a cyber | | | | minimum a two-star rating with Austin |
| café, a covered parking garage, and a club | | | | Energy’s Commercial Green Building Program. |
| room will be available for tenants. Is expected that | | | | The building is being designed so that tenants will use |
| 10% of the units will be rented out to low income | | | | an average of 17% less water than tenants in similar |
| families and individuals. Leasing is expected to | | | | buildings. Plus, the building is being built in a way that |
| commence next summer. The 711 acre Airport is | | | | will use 15% less energy than is used in building similar |
| being redeveloped by Catellus Development Group, | | | | projects. Nice environmentally-friendly features, such |
| which is part of ProLogis. Catellus granted | | | | as Energy Star-rated roofing, drip irrigation, low |
| development rights for the Mosaic at Mueller site | | | | omission paints and sealants, and much more ensure |
| under a ground lease to Simmons Vedder. | | | | that the building is healthy and requires less energy |
| The apartment community will also boast retail and | | | | consumption. The building is also connected to a |
| live/work units, so that tenants can enjoy many | | | | recycled water system for outdoor irrigation. Once |
| amenities and services right on their doorstep. | | | | the community is open, tenants will be allowed to |
| Developers also plan that the mixed-use development | | | | actively take part in Austin's recycling program. All in |
| will mean that families can have access to employers | | | | all, Mosaic at Mueller promises to offer reasonable, |
| right on their doorstep as well. The building’s | | | | safe, and clean living. |
| site on Aldrich Street at Airport Boulevard promises | | | | In addition to this exciting residential opportunity, it |
| to be very convenient for families looking to have | | | | looks as though some new Class A office buildings |
| easy access to shopping, restaurants, and employers. | | | | are being built in the city. Austin-based Stratus |
| In a city where luxury condominiums often seem to | | | | Properties Inc. is expected to commence building on |
| be the norm, it is somewhat refreshing to see news | | | | two Class A office buildings at Lantana. In this 500 |
| items about a company willing to offer affordable | | | | acre mixed-use development site, the three-story |
| housing and even low-income housing while still | | | | buildings will total 180,000 ft.². The total project |
| maintaining good amenities. | | | | for the office buildings is expected to cost more than |
| And certainly, Mosaic at Mueller will boast a number | | | | $36 million. Stratus expects that construction should |
| of amenities. Each residential unit will offer 10 foot | | | | be finished by the end of next year, and tenants |
| ceilings, as well as spacious living and bedroom areas. | | | | should be able to move in shortly thereafter. It looks |
| Granite countertops, garden tubs, kitchen islands, | | | | as though Austin has two exciting new developments |
| track lighting, ceiling fans, built-in computer desks, a | | | | look forward to in the next year. |
| washer and dryer, and stainless steel appliances will | | | | |