AUSTIN, Texas (June 15, 2022) — Multifamily development, construction and investment firm OHT Partners LLC has broken ground on the first phase of a 750-unit luxury multifamily development along South First Street in South Austin near FM 1626.
The first community, named Lenox Woods, will include 402 units, and is scheduled to open in late 2023. The Austin-based company plans to begin construction on a second, yet-to-be-named community with 348 apartments in 2024.
The projects are just the latest developed in South Austin by OHT Partners, which has made a strong commitment to building new housing in the area over the last 10 years.
“South Austin has experienced a tremendous amount of multifamily development in the last decade because it’s one of the most affordable parts of the city and only 15 minutes from downtown,” said OHT Partners Vice President of Development Ben Browder. “All of the residential growth has attracted a lot more restaurants, retailers and entertainment venues to this area in recent years, and these nearby amenities have made South Austin an even more desirable place to live.”
Located at 10801 Wayne Riddell Loop, the development will offer residents convenient access to the more than 100 shops and restaurants at South Park Meadows — Austin’s second largest retail center — as well as the many local food and beverage companies that have opened or planned to open at more recent developments including The Yard and the St. Elmo Public Market.
The two planned communities will include a combined 7.5 acres of heavily shaded parkland and a nearly 1-mile trail that will run along the periphery of the 37-acre property.
Lenox Woods will offer one-and-two-bedroom units. Community amenities will include two resort- style pools, pickleball courts, a shared work studio with business-grade Wi-Fi, a 24-hour fitness center, electric vehicle charging stations, and a dog park.
OHT will build and develop the community. The project team also includes:
- Architect — Meeks + Partners
- Civil Engineer — WGI
- MEP – MEP Delta Design
- Structural Engineer — CPH Engineering
- Landscape Architect — Blu Fish Collaborative
- Interior Design — Wayfinder Real Estate
Previously known as Oden Hughes, the Austin-based company rebranded as OHT Partners in 2021 to incorporate the names of all three long-time company principals Steve Oden, Craig Hughes and Eric Taylor, the latter of whom has headed the company’s in-house and third-party construction operations for the last decade.
About OHT Partners, LLC
Founded in 2010, OHT Partners is a leading Texas multifamily development, construction and investment company that focuses on Class A properties in the Austin, Dallas-Fort Worth, Houston and San Antonio markets. To learn more visit: www.OHTPartners.com.