Ellie May
Summary
Ellie May is a mixed-use development of approximately 155,000 NSF located 3 miles east of Downtown Austin and within walking distance to numerous neighborhood amenities. The project will consist of 64 townhomes condominium on the East side, 90-110 multifamily apartments with associated commercial space on the West side, and subterranean parking.
Location
East Austin is best known for its diverse demographics and buildings that include early 1900s bungalows mixed with modern condos, cool cocktail bars intertwined with Southern-style eateries. Springdale Road is becoming a major commercial corridor with many parcels set for maximizing land use. Given its proximity to 183 and East Austin, the location is the nexus between downtown, US 183, the Freescale redevelopment, East Riverside, and the Oracle Campus.
Neighborhood Amenities
The well suited location along Springdale Road provides quick and easy access to an abundance of restaurants, retail and entertainment in the area. The site features a rehabilitated historical restaurant on the West side, plentiful landscaping, and connected pedestrian paths built carefully into a grove of mature trees.
Investment Opportunity
This distressed asset that is shovel-ready and deeply discounted became available to Prompt via a contingent of former StoryBuilt stakeholders working hard to rescue it. It is an ideal fit for the integration and development of our more robust technology platform as construction is set to restart this year.
