Phase II Midtown Commons under way

AUSTIN (KXAN) - Trammell Crow Company has broken ground on Phase II of Midtown Commons, a multi-family community near the intersection of Lamar Boulevard and Airport Boulevard, next to the Capital Metro Crestview Rail Station.

The Phase II units are adjacent to the Phase I building, and features a four-story, 189,419-square-foot building with 246 luxury residential units. The first units are expected to be complete in early 2013.

“We are pleased to partner again with USAA Real Estate Company on this second phase, as well as our Phase I construction lender, Amegy Bank of Texas, and anticipate this new multi-family community will be attractive to many residents who want to live near CapMetro and take advantage of all the onsite amenities,” said Adam Nims, a Principal with Trammell Crow Company’s Austin office.

Phase II will offer one- and two-bedroom residential units. Additional amenities include a resort style pool with open access to a kitchen and lounge area, a bar, yoga room, business center, fitness center, game room, and a dog park. The project includes sustainable features and will apply for a rating with Austin’s Energy Green Building Program.

“The first phase of Midtown Commons has been extremely successful, as we were able to completely transform a once dormant site into a bustling mixed-use transit oriented community with a number of neighborhood public features including a transit plaza, main street retail, pedestrian streetscapes and public bike paths,” said Pat Duncan, chairman and CEO of USAA Real Estate Company. “The second phase will further energize this area by bringing a unique multi-family project that blends traditional and contemporary design.”

The first phase, called Midtown Commons at Crestview Station, consists of 316 residential units and 58,644 square feet of retail and office space. The project received a three-star rating from Austin’s Energy Green Building Program because of the integration of sustainable elements, including recycled construction materials, providing a central building recycling center, reusing water for landscaping and installing double pane windows and use of efficient cooling systems and appliances.