CIM Group and its partner announced today the acquisition of Onyx183, a 390-unit apartment community located at 6800 McNeil Drive in Austin, Texas.
Onyx183 comprises 390 residences, configured as one-, two- and three-bedroom floorplans, spanning over 21 acres in the highly desirable Parmer Corridor of Northwest Austin. The community offers residents an extensive, recently-renovated amenity package including two swimming pools and poolside grills, a picnic and barbeque area, a pet park and pet spa, a modern fitness center, and resident clubhouse.
Originally built in 1995, the community was recently partially renovated by prior ownership and offers high-end unit features such as Whirlpool stainless steel appliances, quartz countertops with undermount sinks, subway tile backsplashes, new cabinets, and updated bathrooms.
Onyx183 is located in the Parmer Tech Corridor, a hub for Fortune 500 Companies and large-scale technology campuses in Austin, including companies such as Apple, GM, PayPal, Oracle, HP, and Amazon. In addition, the community is located within a 10-minute drive of the Domain, and 20-minute drive of Downtown Austin.
CIM Group’s Austin office portfolio includes the Penn Field Office Campus, Eastside Village, 507 Calles, 1300 E. 5th Street, and 1021 E. 7th Street. CIM Group was a co-developer of the Seaholm Power Plant mixed-use redevelopment as well as The Independent luxury condominium tower.
