The Alden At Cedar Park will include 349 units with one- and two-bedroom floorplans.
CEDAR PARK, TX—With proximity to North Austin, Cedar Creek's appeal to tech and other employment drivers is fostering demand for more housing. In response, construction is underway on a new apartment community at 801 C-Bar Ranch Trail, The Alden At Cedar Park. The project is being developed by Slate Real Estate Partners and designed by Houston-based Meeks+Partners architects.
"Over the last decade, Cedar Park has consistently been one of the fastest-growing cities in the nation," Trevor Meeks tells GlobeSt.com. "Between the upcoming Apple campus and access to other job growth due to its proximity to North Austin, Cedar Park has experienced an increase in demand for housing that makes new building types possible. Standing four stories tall with a structured parking garage, The Alden at Cedar Park is one of the city's first high-density apartment projects. Growing densities along with increasing access to new dining and shopping will result in exciting urban pockets among the Austin suburb."
The apartment community will include 349 units with a choice of several one- and two-bedroom floorplans ranging from 600 square feet to 1,400-square-foot options. The units will have stainless steel appliances, granite countertops and hardwood floors. Amenities include a business center, clubhouse, pool, fitness center, courtyards and balconies.
"We are excited to bring luxury apartment units to the growing community of Cedar Park," says Don Meeks, founding principal with Meeks + Partners. "With close proximity to shopping and dining, the new community will provide residents with upscale living options in a premier location."
Many of the Texas markets experienced a slow spot somewhere in 2018, but with 2.5% long-term job growth, ApartmentData.com projects positive rental growth and occupancies of more than 90% for all four major Texas markets of Austin, San Antonio, Dallas/Fort Worth and Houston.
In particular, Austin leads rent growth at 3.4% rental growth and 94% stabilized occupancy. Supporting this trend in Austin is the continued expansion and corporate relocation of tech companies, especially in the north and northwest sectors of the city, says ApartmentData.com.
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
