Offering Summary

Site: 900 S 1st St, Austin, TX 78704

Our first large-scale, mixed-use community, Frank offers 63 carefully designed residences alongside retail, boutique workspaces, public areas, and an incredible roof garden. We built Frank into the existing fabric of the historic Bouldin Creek neighborhood and the vibrant South First District.

StoryBuilt’s new headquarters occupies part of the 20K square feet of ground floor commercial space and we couldn’t be prouder to call this place home.

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DEVELOPMENT SIZE
Land Acres: 1.32
4 Level Building + 3 Underground Parking Levels

SALES
1 Unit Remaining

KEY MILESTONES
Expected Sell/Close Out ‘Q2 2021

Sales + Construction Updates

Updated: 18 August 2021 | 11:00am CST

SUMMARYUnsoldSoldClosedTotal
Homes0636363
Revenue$-$34,063,000$34,063,000$34,063,000
  • Exciting events continue to happen at Frank: We have closed out all 63 residential units and completed the HOA transfer from StoryBuilt to the elected board. The HOA is managed by StoryBuilt.
  • As StoryBuilt continues to grow, we’ve been put in a unique position to make use of some of the additional commercial space available at Frank. We’ve submitted permits to the city to buildout and expand our office, and are concurrently working to lease and recapitalize all of the Frank commercial space in a partnership focused on SB income producing assets.
  • We’ve created tremendous value thanks to rapid growth in both the Austin market and South 1st submarket.