Two apartment complexes proposed for Burnet Road in North Austin could bring nearly 700 residential units to an area where the Austin Board of Realtors reported that multifamily housing had a 96 percent to 97 percent occupancy rate in 2011.
Bury + Partners Inc., an Austin-based engineering consulting and design firm, filed plans for 300 residential units at 8100 Burnet Road between Steck Avenue and West Anderson Lane, according official documents. Ross Dress for Less and a former Chuck E. Cheese's occupy a 39,000-square-foot building on the site, which would be rezoned for multifamily use.
The proposed multifamily residential building would house one- to two-bedroom units between 550 and 1,300 square feet with estimated rental rates of $700–$1,800. Proposed amenities include a pool and clubhouse as well as fitness and business centers.
Melissa Neslund, land development planner for Bury + Partners, said the project does not have a timeline for construction.
Further north on Burnet, Endeavor Real Estate Group has proposed seven three-story multifamily buildings at 11205 Burnet Road at Esperanza Crossing. The complex would be named The Addison on Burnet.
Site plans filed with the City of Austin indicate a total of 392 units are planned for the 18-acre site, which used be owned by IBM Corp. and is currently a vacant plot of land. Endeavor filed the application in July 2011, and the company has until July 22 to address comments on the project by city staff.
Phone calls to Endeavor and the City of Austin about The Addison were not returned.
Nearby, Endeavor also is constructing 543 units on Esperanza Crossing at The Domain. The project broke ground in October.
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