EastVillage, the $1 billion, 425-acre mixed-use development in Austin’s Tech Ridge corridor, is set to begin construction on the multifamily residential phase of its planned urban center, according to New York-based developer Reger Holdings LLC.

The developer announced this week it would begin construction on the 14-acre, 312-unit apartment complex during the first quarter of 2021. According to the announcement, the planned Northeast Austin urban center will also begin construction of its single-family neighborhood in February. The development sits between East Parmer and East Howard lanes across from the Samsung corporate complex.

The EastVillage development will aim to bring a full menu of community assets to Austin’s northeast sector and include 2,000 multifamily units, 466 single-family homes, three hotels with a total of 390 rooms, 223,435 square feet of retail, 95,776 square feet of restaurant uses, 810,000 square feet of office space, a 37,000-square-foot grocery store, a 38,000-square-foot movie theater, 1.5-acre-pocket park and 150 acres of wooded preserve.

The next phase will include a 15-acre mixed-use development with 422 multifamily units and will begin in the second half of 2021. According to a spokesperson, the project is scheduled to be completed by 2028.

Editor's note: This story has been updated to correct the number of hotel rooms and clarify the type of units under construction.