A major mixed-use project near the Tesla Giga Texas factory and the Austin airportis underway.
Dallas developer Presidium broke ground last week on a 307-unit, four-story apartment complex at Velocity, a planned mixed-use community in Southeast Austin. The 314-acre development is at the southwest corner of State Highways 71 and 130, just east of the Austin-Bergstrom International Airport and three miles south of the Tesla manufacturing facility.
Velocity's first phase will include what developers are calling the area's first "urban-style" — taller, more compact, and more enclosed than a more suburban, "garden style" — apartment community. Units will range from studios to three-bedrooms and from 375 to 1,400 square feet.
Ground was broken on a new apartment complex in the Velocity planned community.Presidium
Some of the apparently urban-style amenities include: stainless steel appliances, an on-demand hot water system, smart technology, nine-foot ceilings, a walk-in closets. The building's fourth-floor sky lounge will have a kitchen, bar, a TV wall, pool tables, shuffleboard, and an indoor-outdoor fireplace. The building will also have a coworking lounge with podcast rooms, a pool, a car spa, a 4,000-square-foot dog park and spa, a gym, a sand volleyball court, and two pickleball courts.
The apartment complex is part of the first phase of the Velocity development, which is flanked on the east by the Onion Creek Wildlife Sanctuary and north of a planned new Austin Community College branch. Presidium plans a second multifamily complex as well retail, hotels, restaurants along SH 71. Developers have approvals for 7 million square feet of mixed-use space for the project.
The Velocity community apartment complex will have four stories and 307 units.Presidium
Construction on the first phase is anticipated to be complete by mid-2025. The general contractor is Provident General Contractors, and the architect is O’Brien Architects. Other development partners are Kimley-Horn, Salas O’Brien, United Structural Consultants, Hitchcock Design Group, and Dwell Design Studio.
The planned community initially comprised 390 acres and was called Velocity Crossing; H-E-B bought 17 acres for a planned grocery store in 2016, and in 2018 a holding company bought 50 acres of the property for a Chanel manufacturing facility.
The Velocity planned community's first apartment building will have a sky lounge with a pool table and shuffleboard court.Presidium
Other nearby projects include an Austin Community College Advanced Manufacturing & Skilled Trades campus, for which the voters approved $200 million in bonds in 2022, and a $370 million new headquarters for the Texas Division of Emergency Management, and new state Emergency Operations Center.
