AUSTIN, TX - The NRP Group, a vertically integrated, best-in-class developer, builder, and manager of multifamily housing, in partnership with PointOne Holdings and the Travis County Facilities Corporation (TCFC), announced the groundbreaking of a 328-unit mixed-income multifamily development in Austin, Texas. Half of the units will be reserved for residents earning between 60 to 80 percent of the Area Median Income (AMI).
“This development is a testament to our commitment to create inclusive housing communities where residents of all income levels can thrive,” said Max Whipple, Vice President of Development at The NRP Group. “As we celebrate our 30th anniversary and the delivery of our 30,000th housing unit in Texas, East Austin’s Ross Road development will provide the local workforce with the opportunity to affordably live in the vibrant community where they work.”
Ross Road meets the neighborhood’s growing demand for quality, accessible housing for essential workers, young professionals and growing families. It features an assortment of one-, and two-bedroom apartments with high-end finishes. With close proximity to Highway 71 and the 130 tollway, Ross Road provides quick access to employment hubs in East Austin and a 20-minute drive to the city’s downtown.
“We are thrilled to partner with The NRP Group on this project to provide much-needed housing in East Austin,” said Ben Colonomos, Principal of PointOne Holdings. “This development will significantly enhance the rapidly expanding neighborhood, providing residents with a best-in-market living experience and a wide range of community-focused and thoughtfully designed amenities.
Designed by architecture firm Lord Aeck Sargent, Ross Road is a 4-story development with a unique covered parking structure to maximize outdoor space. Half of the 16.5-acre site will be dedicated to greenspace and outdoor amenities, including a primary courtyard with a resort-style pool, cabanas and outdoor games like ping pong and corn hole. Additionally, there are two landscaped courtyards and a dog park overlooking the greenbelt to the East.
For remote workers and students, the development offers coworking spaces with multiple meeting and conference rooms. The community also includes a double-height lobby and state-of-the-art fitness center, and a community chef’s kitchen for social gatherings.
“This development aligns perfectly with our mission to support the development of high-quality housing in Travis County,” said Patrick Howard, Executive Director of TCFC. “We are proud to be part of an initiative that delivers accessible housing to the region’s growing workforce.”
Austin remains a priority market for The NRP Group. Two recently delivered mixed-income communities in the area include The Markson, with 330 units, and Station42 with 368 units.
Construction of Ross Road is already underway. The community is expected to deliver in 2026.