Stonelake To Break Ground on 222-Unit Apartment Complex in East Austin
July 19, 2022
The East Austin, Texas, market continues to be a destination for real estate investment, with a local developer planning to break ground on the second phase of a 530-unit apartment project after receiving a construction loan. Austin-based Stonelake Capital Partners will begin construction on Trailhead East, a 222-unit apartment complex at the corner of Shady Lane and Bolm Road. The apartment complex is the second phase of a multifamily development that Stonelake began working on just before the pandemic. Phase one, a 308-unit apartment complex known as Trailhead, came online in summer of 2020. Trailhead is 96% leased, according to a Stonelake statement.