The NRP Group, Austin ISD Break Ground on Landmark School‑to‑Housing Redevelopment in East Austin
he NRP Group, Austin ISD Break Ground on Landmark School‑to‑Housing Redevelopment in East Austin
The NRP Group and Austin ISD in a celebration commemorating the groundbreaking of the first phase of the Anita Ferrales Coy school-to-housing mixed-income redevelopment. The project is designed to expand quality housing options for cost-burdened residents and essential workers, including AISD teachers, bus drivers and staff. Phase 1 will deliver 341 residences as part of a two-phase transformation of the former school site into mixed-income housing. Project partners include Clarion Partners and the Urban Investment Group at Goldman Sachs, alongside The NRP Group and Austin Independent School District.
The celebration will feature remarks from elected officials and development executives.
WHEN: Friday, Feb. 27, from 10a.m. - 11 a.m.
WHERE: 4812 Gonzales Street, Austin, TX 78702
WHO: Speakers to include:
Councilperson Jose Velasquez, District 3, City of Austin
Matias Segura, Superintendent, Austin ISD
Lulu Flores, State Rep. HD51
Asahi Pompey, Global Head of Office of Corporate Engagement and Chair of Urban Investment Group, Goldman Sachs
Jason Glasser, Portfolio Manager and Managing Director, Clarion Partners
Nick Walsh, VP of Development at The NRP Group
ADDITIONAL INFORMATION:
The 18-acre site will include two multi-story buildings with one-, two- and three-bedroom residences designed for working professionals and growing families. Fifty percent of the units will be rent- and income-restricted, including 10% for households earning up to 60% of Area Median Income and 40% for households earning up to 80% AMI. The remaining 50% will be offered at market rates. The site is located within a federally designated Opportunity Zone, a program established by the Tax Cuts and Jobs Act of 2017 to encourage investment in historically underserved communities.
Each residence will feature quartz countertops, stainless steel appliances, modern cabinetry and high-end finishes. Residents will have access to a full amenity offering including a resort-style pool, co-working lounge, fitness center, parking garage and shared outdoor gathering spaces. The development will also include a publicly accessible green space with preserved heritage trees, along with walking paths, murals and installations contributed by local artists.
Attending media RSVP to: nrpgroup@antennagroup.com
About the NRP Group
The NRP Group is a vertically integrated developer, owner, builder, and manager of best-in-class multifamily housing with a mission to create exceptional rental housing communities for individuals and families, regardless of income. Since its founding in 1994, NRP has developed more than 62,000 apartment homes and currently manages over 30,000 residential units.
Through its disciplined approach to vetting opportunities, NRP has established a track record of delivering impressive returns for investors. The company’s formidable size and depth of talent provide the experience and infrastructure necessary to execute developments of varying degrees of complexity and scope in both urban-infill and suburban locations, including market-rate, affordable, mixed-income, and senior housing.
The NRP Group has been consistently named a largest developer and builder in the U.S. on the NMHC “Top 50” lists, the Top 5 on the Multi-Housing News’ “Top Multifamily Developers” list, named a Top Affordable Housing Developer by Affordable Housing Finance, and has won three NAHB Pillar awards since 2020 for Development, Construction and Ones to Watch. The NRP Group has become the top multifamily developer in the U.S. that creates both affordable and market-rate housing at a national scale. Based on over 30 years of experience and expertise, NRP provides construction and property management services to outside owners and developers. For additional information, visit www.nrpgroup.com