Landmark Properties Inc., a student housing developer based in Athens, Georgia, has filed a site plan with the city of Austin for its first major project at the University of Texas‚ a 17-story tower at 715 W. 23rd St.
The Standard at Austin could contain 287 units, a parking garage and amenity floor comprising more than 520,000 square feet on a little more than one acre. The project, as described at the Texas Department of Licensing and Registration, is valued at $191 million, which seems particularly pricey and may reflect a typo — something that has happened previously with TDLR records.
I’ve requested a rendering and confirmation of construction value from the developer.
Click to read more at Austin Business Journal.