Site: 1.9 Acre Assemblage Immediately South of Frank (StoryBuilt Headquarters)
StoryBuilt is pleased to offer the opportunity to invest up to $4,857,000 of limited partner equity to fund the acquisition and pre-development activities through construction start. Investors will receive a 12% fixed preferred return based on an anticipated 18-24 month hold.
Copeland North, when combined with Copeland South, Frank, and Frank West, will complete our first “urban village.” With all tracts combined, the nearly 200 residential unit, 80,000 sf of commercial, retail, outdoor spaces, and amenities, will allow this development to be a destination for all who come across this walkable site.
The property is located within walking distance to Downtown, South Congress, Zilker Park and Lady Bird Lake, less than three miles from the University of Texas, and five miles from the Barton Creek Greenbelt making Copeland a prime location for those seeking an urban environment within close proximity to some of the greatest attractions in the city. StoryBuilt intends to develop a 110 residential unit community, 56,000 SF of office space, 15,000 SF of retail and a 75-room boutique hotel, offering a modern efficient, urban living at a reasonable price in a rapidly transitioning corridor along South 1st St.
South Central Austin is one of the most in demand areas of Austin and the neighborhood’s apartments and condos are especially popular with young adults due to its walkability and maintenance free lifestyle. Neighborhoods in South Central Austin include tree-lined streets and stately homes as far back as the 1920’s, many of which continue to be updated and renovated. New condo and single-family developments popping up are carefully designed to be integrated with the atmosphere of the neighborhoods and paying an homage to old Austin while embracing the new.