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$45M Apartment Complex Breaks Ground at Mueller

AUSTIN-After nearly one year of planning, Simmons Vedder begins work on the 442-unit Mosaic at Mueller, the first multifamily units for the 711-acre mixed-use redevelopment project.

By John McCloud | Updated on July 24, 2007

(Read more on the multifamily market.)

AUSTIN-Simmons Vedder & Co. has started construction on Mosaic at Mueller, a 442-unit apartment project that is the first multifamily development at the former Robert Mueller Municipal Airport. The locally based company is developing the $45-million, 440,000-sf complex in partnership with Dallas-based Crow Holdings Realty Partners IV LP.

Houston-based Simmons Vedder was awarded development rights for the site under a ground lease with Catellus Development Group, a subsidiary of Denver-based ProLogis that the city selected to redevelop the shuttered airport. The 711-acre airport redevelopment will have a mix of transit-oriented residential and commercial space. Located three miles from Downtown Austin, the site was vacated in 1999 with the opening of Austin-Bergstrom International Airport. At completion, Mueller will have 10,000 residents and 10,000 jobs.

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