AUSTIN--The Altman Cos. has broken ground on its first development in Austin, the 354-unit Altís Lakeline.

Located at 12700 Ridgeline Blvd. in the northwest submarket, the property consists of 19 two- and three-story residential buildings.

"Altman is thrilled to enter into the Austin market and introduce the Altis high-end luxury apartment product to residents," Elizabeth Truong, COO and CIO of The Altman Cos., told GlobeSt.com.

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