AUSTIN, TX (January 12, 2025) – OHT Partners has broken ground on The Martin, a new, “core asset” aimed at serving housing needs of working young professionals in central east Austin.
Located on a 3.12-acre site at the northwest corner of 7th Street and Pleasant Valley, the community is centered in the heart of one of Austin’s most dynamic growth corridors. The site, located at 2730 E. 7th Street, is approximately 1.5 miles from downtown Austin and adjacent to the 15-acre Zaragoza Park.
The Martin’s 375 apartment units will feature one to two bedrooms, ranging in size from 550 to 1,440 square feet – and include an array of upgraded amenities inside and throughout the seven-story development. It aims to serve young professionals working on the east side or in the CBD (Central Business District) who value the ability to live, work, and play within East Austin’s vibrant environment and unique culture.
Unit interiors will feature high-quality finishes, including front-control gas ranges, waterfall kitchen islands, built-in desks and private balconies and yards.
The project includes an expansive elevated courtyard, with two resort-style pools, a jumbotron, and views of the downtown Austin skyline. The seventh floor features a fitness center and a wellness center with saunas and cold plunges. Additional amenities include multiple resident club spaces, a golf simulator, karaoke and multimedia room, podcast rooms, dog park and grooming station, co-working spaces and a dedicated rideshare lounge.
“The Martin lies within one of Austin’s most active urban corridors, offering immediate access to employment, retail, and green space,” said Ben Browder, principal with OHT Partners. “These attributes position The Martin as a highly desirable option for future residents.”
Chad Hallmark, principal with OHT Partners, added: “The Martin reflects our focus on well-located, high-quality assets. We believe this project exemplifies a core investment for the firm, supported by strong in-place demand, thoughtful design, and a premier infill location.”
The development is privately capitalized through family, friends and closest investors.
The multifamily developer anticipates construction wrapping up in the fall of 2028. Of the 375 units, 37 will be Affordable for households with incomes that are 50% of MFI (median family income) or less.
Additional team members include:
- General Contractor: OHT Partners
- Architect: Omniplan
- Civil Engineer: 360 Professional Services
- Structural Engineer: Urban Structure
- MEP Consultant: Basharkhah Engineering
- Interior Designer: Ink + Oro
- Landscape Architect: KW Landscape Architects
As OHT Partners continues to grow its presence in Austin and across the Lone Star State, it recently named eight, additional new principals – including three based in the Austin office. New local principals include the aforementioned Browder and Hallmark, both named principals overseeing real estate. Additionally, company CFO Stephen Bedell was also named principal.
Dallas-Fort Worth-based principals include Howell Beaver, overseeing real estate, Matt Bratton, overseeing construction, and David Godvin, overseeing capital markets. Houston based principals include Jackson Simons, overseeing real estate, and Thomas Terwilliger, overseeing construction.
The eight new principals join company co-founders Steve Oden and Eric Taylor in leading the future of the firm.
About OHT Partners
Austin-based OHT Partners is a fully integrated multifamily developer, real estate investment manager, and third-party general contractor. The firm has developed or built approximately 60,000 units primarily in the major Texas markets and surrounding suburban communities. Along the way, it’s repeatedly been named one of NMHC’s Top 25 Builders and been recognized for its positive workplace culture.
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