Multifamily in Austin — market context
Austin’s multifamily corridors — North Lamar, East Riverside, the Domain, South Congress — have produced some of the highest-performing rental assets in the Sun Belt. The development window is tightening: land costs have tripled in key submarkets since 2018, and the City of Austin’s permitting timeline is one of the longest in Texas. Travis County, Williamson County, and Hays County permitting all carry their own characteristics. The development that gets delivered in Austin gets delivered by builders who know the corridor and the jurisdictional patchwork.
Alder at the Grove — 268 luxury apartments plus 23,000 SF Class-A retail at the Grove at Shoal Creek, delivered October 2023 for Trammell Crow, designed by JHP. Korina at the Grove — 373 apartments plus 29,000 SF retail at the same Grove development, completed March 2021. Same developer. Same architect. Same ANDRES team. Trammell Crow is one of the most selective developers in the country; the back-to-back repeat engagement is the verification. AVE Austin North Lamar — 226 units, JHP Architects, Trammell Crow Residential, completed 2020. 21 Rio — 21-story tower west of the UT campus, one of Austin’s earlier high-rise multifamily deliveries. Avenir East Austin — 16-story residential tower, 387 units, three stories below-grade parking, completed 2022. Windsor on the Lake — 31 stories, 187 units, Lady Bird Lake views, 2008. Windsor Village — 404 luxury apartments, 2024.
Josh Torres joined ANDRES in 2004 with a Construction Science degree from Texas A&M. Over two decades he has managed projects across every sector ANDRES serves. The Austin multifamily portfolio is not a market entry — it’s a continuous twenty-year delivery. JHP Architects has designed multiple ANDRES Austin projects. Trammell Crow Residential has chosen the firm repeatedly. These are the patterns that show up when the team running the project is the team that delivered the last one for the same client.
