AMLI Residential, builder of several high profile apartment communities in Austin, has announced it is going to build a mid-rise project in Mueller town center.
AMLI says it plans to build a $30 million, 279-unit apartment complex on Simond Avenue, across from Lake Park and the new Austin Children’s Museum. The community will contain 20 percent efficiencies, 56 percent one-bedroom apartments and 24 percent two-bedroom apartments.
Prices for the apartments will be set during the pre-leasing process, but 15 percent of the units will be included in the Mueller Affordable Homes Program, which is for residents who earn 60 percent or less of Austin’s median family income.
In addition to the residential units, AMLI hopes to lease approximately 8,000 square feet of space for retail use.
AMLI’s Executive Vice President says his company is eager to be a part of Mueller:
“The City and Catellus have done an outstanding job turning the former airport into one of Austin’s iconic neighborhoods and, with the ongoing development of the town center, we know Mueller will only get better," Taylor Bowen says in a statement.
AMLI plans to break ground on the apartment community in the beginning of 2013. Units should become available in the fall of 2014.