Leasing for the first phase, which will include 400 units, is expected to begin fall 2017. The start date for leasing of the second phase has not been determined, according to a release by Oden Hughes.
Lenox Springs will feature one-, two- and three-bedroom units for rent between $1,000-$2,000.
“Austin employers created more than 38,000 new jobs in the last year, and there are few signs that our economy or population growth is going to slow significantly anytime soon,” said Steve Oden, principal and co-founder Oden Hughes. “Demand continues to exceed supply when it comes to housing in many areas of this city and that includes South Austin.”
Lenox Springs will be Oden Hughes' fifth apartment complex in South Austin. Other complexes developed by Oden Hughes in South and Southwest Austin include Lenox Creekside and Landmark Conservancy.“Interest in the area among luxury apartment dwellers has remained strong as downtown and closer-in areas have become more and more expensive,” Oden Hughes Management President Stephani Park said.
In Southwest Austin, along Southwest Parkway and Hwy. 290, apartment developers have begun or completed numerous luxury apartment complexes within the past eight years.
