REDLEAF PROPERTIES TEAMED UP WITH GREYSTAR REAL ESTATE PARTNERS FOR MIXED-USE DEVELOPMENT AT HIGHLAND

7/8/2015
Major new development will continue transformation of Highland Mall area. The transformation of Highland Mall continues with plans for a new mixed-use development. RedLeaf Properties announced Tuesday that it has teamed up with Greystar Real Estate Partners for a development on the southernmost part of the property. The four- and five-story development will feature approximately 300 residential units, 30 of which will be reserved for low-income residents. There will also be about 5,000 square feet of retail space for locally oriented businesses. 

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Acclaimed Austin architecture firm Michael Hsu Office of Architecture has been tapped to design the project. Amenities include Energy Star appliances, energy-efficient windows and locally sourced materials. Modern perks include a built-in co-working space and several bike storage rooms.

Despite Highland Mall's decline, the location has reemerged as a hub for North Central Austin.

"We’re proud to be a part of Highland’s rebirth to bring future residents a high-quality living experience," said Derek Brown, managing director of Greystar. "Being at Highland means that in addition to a central, accessible location we will be able to offer nearby transit via Metrorail and be part of a thoughtfully planned project that will include new open spaces, a walkable environment and proximity to a growing list of neighborhood food and entertainment destinations."
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Construction is scheduled to begin in the fall. Completion is projected for 2017.
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