Investment Summary

Site: 1601 Kramer Lane, Austin, TX 78758

StoryBuilt is pleased to present the opportunity to invest up to $4,000,000 of limited partner equity to participate in the acquisition and predevelopment of Kramer, a boutique townhome development in North Austin. Investors will receive a 12-14% annualized preferred return, based on an anticipated 18–24 month duration period.

StoryBuilt controls the 2.07-acre site, located 1 mile east of the Domain, a high-density office, retail, and residential center in northwest Austin. StoryBuilt plans to develop 36 for-sale townhomes in a rapidly growing submarket with a substantial undersupply of available for-sale product.

The site, already zoned for townhomes, sits within 4 minutes of Q2 Stadium and only 8 minutes from over 5 different satellite offices of major public companies. Technology companies, such as Apple and Samsung, have brought over 50,000 new jobs to the North Austin area.

Market Highlights

The location of this site is well situated within Austin’s growth trajectory as the City’s population center inches further north due to accelerated activity in the Domain, Cedar Park, and Round Rock/Pflugerville. Kramer is located along Kramer Lane, an East-West connector road within a quiet pocket of North Austin. Just 1 mile, or 5 minutes driving distance, from the Domain, 4 minutes from Q2 Stadium, 7 minutes from the Arboretum and surrounded by breweries, restaurants, and coffee shops. Natural parks are easily accessible – Walnut Creek Metropolitan Park is just a 5 minute drive and Balcones District Park is 9 minutes away. Downtown Austin is 15 minutes away.

  • Supply Constraints: Only 8 townhomes or condos within a 1-mile radius of the site have sold over the past year (and only 2 currently listed).
  • Robust Rental Pipeline: 6,652 unit gap between For-Rent and For-Sale deliveries in the past 10 years.
  • High Tech Wages Nearby: Tech companies have brought over 50,000 new jobs to North Austin within the past 10 years.



Accredited Investors

18-24 Months

Acquisition & Pre-Development