Stonelake bought the property at a 2020 foreclosure auction and showcased its potential in 2021, when it unveiled plans for a 37-story apartment tower that would have had shops on the ground floor.

The study from real estate analysis firm Yardi Matrix found Austin built 4,600 affordable units last year, and the city is projected to build more units than any other city over the next few years.

1 Most Recognized Public University in the U.S. American Caldwell, 2024 Take your photo with the alumnus depicted as he was during his undergraduate days: ready to go with a stack of books and a slide ...

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