See details on a new apartment complex, affordable housing project and mixed-use development.

The Prescott Apartments

A new apartment complex in South Austin began leasing apartments in early February. The development, The Prescott from developer Richman Property, features four buildings of apartments in a garden-style layout with a pool and green space between the buildings. Units are available as studios or one, two, and three bedrooms.
  • Space: 13.372 acres
  • Timeline: April 2021-July 2023
Industry SOMA

The affordable housing project Industry SOMA broke ground in December. It includes 23 townhouse-style homes. The homes are expected to be ready for move-in in mid-2024, according to the developer Industry Affordable. The qualification process for the homes will begin in early fall. Interested buyers can learn more at
  • Size: 23 homes
  • Timeline: complete mid-2024
Grand Development Soco

On Jan. 26, Austin City Council approved a plan for Husch Blackwell LLC to build a mixed-use development at 7809 S. Congress Ave., Austin, along the South Boggy Creek. Plans include 1,218 multifamily units; 210,000 square feet of office space; and 136,000 square feet of shopping center space. In addition, the developer will dedicate 13.5 acres of park for the city.
  • Size: 43.033 acres
  • Timeline: TBD
  • 13.5 acres of park for the city
  • 210,000 square feet of office space
  • 136,000 square feet of shopping center