News

Oden Hughes Starts New Apartment Project in South Austin

Austin, Texas — Austin-based developer Oden Hughes has begun construction of the first phase of a new apartment project near the popular Southpark Meadows mixed-use project.

Called Landmark Southpark, the first phase consists of 285 apartments and amenities such as a pool, clubhouse, fitness center, gaming center and dog park. The one, two and three-bedroom units range in size from 582 to 1,388 square feet, and rental rates will run from $750 to $1,700 per month.

The project is located off the Southwest corner of South First Street and Slaughter Lane, situated just across from Southpark Meadows.
Construction on the first phase is anticipated to wrap up in the first quarter of 2014. A second phase will begin in 2014, and will also feature 285 units. Once complete, Landmark Southpark will feature a total of 570 units. Total cost was not disclosed.
Wells Fargo Bank provided the construction loan for the first phase. Kelly Grossman is the project’s architect, and Bury + Partners is the engineer.

Landmark Southpark will be well-received by the market for a few key reasons, according to an industry expert.
“The team behind the development has a strong track record of creating attractive, and high-quality projects, and that kind of experience matters,” said Pat Jones, founding principal of Apartment Realty Advisors. “The Austin market in general is one of the strongest in the country, with improving rents and high occupancy levels. Landmark Southpark has a particularly competitive location with outstanding access to I-35 and immediate proximity to one of the largest retail destinations in the region.”

This project marks the fifth new apartment project for Oden Hughes, which was formed by two industry veterans, Steve Oden and Craig Hughes, in 2010.

 

Media Coverage

Biz Scene, 'Market Demands, They Supply'

Eric Taylor, Steve Oden and Craig Hughes of Oden Hughes LLC celebrate the grand opening of their 293-unit Landmark Double Creek property in South Austin.
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Austin Business Journal, 12/19/12, 'Apartments Rise Near Southpark Meadows'

Construction is under way on the first phase of a 570-unit apartment project going up near Southpark Meadows in South Austin.
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Globe St., 3/5/13, 'Landmark Southpark Phase I Commences'

Oden Hughes LLC launched construction on the first phase of Landmark Southpark, a 570-unit multi-family property development on Austin’s near south side.
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Austin American Statesman, 3/5/13, 'South Austin Project Begins'

Austin-based developer Oden Hughes LLC has broken ground on the first phase of a 570-unit apartment project near the bustling Southpark Meadows mixed-use development in South Austin.
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Texas A&M Real Estate Center, 5/6/13, 'Oden Hughes' 'Landmark Development''

A local developer has broken ground on a new 570-unit apartment project near the city’s Southpark Meadows mixed-use development.
Click to view PDF