Source: McCann Realty Partners / #Apartments #Multifamily
AUSTIN, TX - McCann Realty Partners announced it has started construction on the 303 unit Retreat at Wolf Ranch Apartments in Georgetown, Texas, a north Austin submarket. The 19-acre property is located just west of downtown Georgetown in the Wolf Ranch Master Planned Community adjacent to the 670,000 square foot Wolf Ranch Town Center.
The luxury, Class A apartment project will include 2 story townhouse and 3 story walk-up buildings appointed with stone and stucco exteriors with views of the San Gabriel River and the Texas Hill Country. Amenities will include a fitness center, resort-style swimming pool, and a stand-alone clubhouse with a media center, cyber café and gourmet kitchen.
Residents at Retreat at Wolf Ranch will have easy access to job centers along Interstate 35 in central Texas and in Austin, which consistently ranks among the leaders in the US for job growth. The project is scheduled to begin leasing in the third quarter of 2017 and will be managed by Pegasus Residential, LLC. McCann will act as general contractor on the project.
"We are excited to break ground on our second development project in the Austin area," said McCann's President, Matthew T. Akin. "We were drawn to this location because it is adjacent to Wolf Ranch Town Center and part of the Wolf Ranch Master Planned Community being developed by The Hillwood Company. Georgetown is really a great lifestyle choice for people looking to relocate." The most recent census estimates showed it is the fastest growing city in the nation with populations of 50,000 or more, with a growth rate of 7.8% for the 12- month period ending July 2015.