Arbor Park Apartments in Austin by DMA Companies is a new senior apartment project for people aged 55 and above. The location of the $ 17 million apartment will be on the 4.5-acre property at McNeil Drive near US 183. Previously, the developer had to demolish a 9,500-square-foot commercial building at the proposed site.
The 147-unit Arbor Park apartment was designed for older adults, empty nesters, and seniors coming from outside the town. According to DMA’s senior project manager, Mark Gilbert, the construction is about 40% complete and already on the building’s second floor. The developer expects the project to be ready for occupancy by late 2023.
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Development plans for Arbor Park Apartments in Austin
DMA is building the 147-unit Arbor Park apartment as a four-story building, consisting of one and two-bedroom units. Additionally, the design plan for the property allows for surface parking and a detached 3000-square-foot amenity building. Gilbert also pointed out that the one-bedroom units will range between 700 to 900 square feet. While the two-bedroom units will range from 1,000 to 1,100 square feet.
Out of the 147 units at Arbor Park, 9 will be reserved for households earning below 30% of the AMI. Another set of 49 units will be reserved for households earning up to 50% or less of the area’s median income. Additionally, 28 units will also be set aside for households with incomes at or below 80% of the median income. The developer has also included two units that will be available for sale at market price.
The Arbor Park Apartments in Austin will feature two elevators to ensure easy commuting for senior residents. Other shared amenities in the building include a large community area, with a kitchen and the ground-floor library. In addition, the building also includes a detached movie theater and an art room facility. The property has a V-shaped architectural design plan, which wraps around the heritage trees and offers a unique landscape view.
