Prospect Real Estate Named Exclusive Listing Agency for Parkside at Mueller

AUSTIN, Texas—March 24, 2021. Austin-based Prospect Real Estate—a full-service, family-owned and operated boutique residential real estate firm focusing on Austin’s evolving urban core—has been named the exclusive listing agency for Parkside at Mueller, a new condominium development by Austin-based Pearlstone Partners and New York-based ATCO Properties and Management. The project will be located at 1701 Simond Avenue in Austin. “We are thrilled to be a part of this exciting development in the revered Mueller community, with its unique standing in the Austin market, ample green spaces and variety of local dining, retail and entertainment options next door,” said Prospect Real Estate CEO Emily Lee. “It will be a strong draw for young professionals, first-time homebuyers and empty-nesters looking for a sustainable, vibrant, lock-and-leave lifestyle, and it aligns perfectly with the type of property we seek to represent.” Located at a main entrance to Mueller, one of Austin’s most successful centrally located master-planned communities, the Parkside site is just three miles from downtown Austin and two miles from The University of Texas at Austin. Mueller is the realization of a public-private partnership between the City of Austin and Catellus Development Corporation to redevelop the land formerly occupied by the old Robert Mueller Municipal Airport, which served Austin from 1930 to 1999. Situated on 1.8 acres bordered by Aldrich Street, Mueller Boulevard and Simond Avenue, the six-story Parkside at Mueller project will offer for sale 200 one-, two- and three-bedroom residential condominiums ranging from 600 to 1,600 square feet. Thirty of those residences, or 15 percent, will be reserved for families that earn up to 80 percent of Austin’s median family income (MFI). The project will add approximately 225,000 square feet of high-density, mixed-use space to the Mueller community. Parkside at Mueller will feature a mix of contemporary architecture and mid-century design, a nod to Mueller’s former days as home to the city’s main airport. Condominium residences will boast high-quality finishes and fixtures curated by Kim Lewis Designs, including modern cabinetry, quartz countertops, tile backsplashes and stainless-steel appliances. Parkside’s amenities will include coworking spaces, a resort-style swimming pool with outdoor kitchen and cabanas, a cardio and fitness studio, a clubhouse and a rooftop deck with expansive views of Mueller Lake Park. The building will feature controlled access to its own parking structure, with reserved parking and on-site bike storage. Pearlstone Partners has selected STG Design as the architect for the project and Bartlett Cocke as the general contractor. The development will feature a variety of green building elements to help pursue a LEED Silver certification from the U.S. Green Building Council and an Austin Energy Green Building (AEGB) three-star rating. The project is set to break ground during the second quarter of 2021, with construction anticipated to be complete by mid-2023. Prospect Real Estate is the exclusive brokerage of sales for Parkside at Mueller. Prospect will open its Parkside sales center by June 1. The center will be located in the Aldrich Street Diamond Building at the corner of Aldrich Street and Simond Avenue, adjacent to the project. Prospective buyers will be able to meet with a full-time, on-site sales team and view a 3-D model of the full building and interior options. Lead sales agent Christy Neikirk said the team has begun compiling a list of potential buyers as calls come in and will reach out to them when all marketing assets are in place and the sales center opens. Prospect Real Estate is the exclusive listing firm for Austin-based Pearlstone Partners, a leading developer in Austin’s urban core. Rather than focusing on ultra-luxury projects, Pearlstone concentrates on making its residential projects attainable to mid-tier buyers, enabling them to enjoy the many unique restaurants, bars, retail shops and other amenities available in the flourishing downtown, Central and East Austin districts. Pearlstone does not sacrifice quality in these developments, but achieves its price point through thoughtful design, strong partnerships with vendors and consultants, and offering for-purchase condominiums that are a smarter alternative to stand-alone housing. Pearlstone’s attainable residential developments near Austin’s city center are HŌM Condominiums, Axiom East and Cascade Condominiums. “Austinites love the Mueller development—those who have lived in this city for many years and remember the old airport, as well as those who are aware of its history,” said Prospect Real Estate Vice President of Sales Denise Bodman. “We are pleased and proud to be able to bring such a unique, highly desirable product to buyers in a high-demand location at an attainable price point.”