AUSTIN, Texas — Last year, North by Northwest brewpub in North Austin closed its doors after two decades. Now, the building could be demolished to make room for a new housing complex with affordable housing.
The Austin Business Journal reports that O-SDA Industries LLC and Saigebrook Development LLC have two projects currently under development – Saison North and June West – that will bring nearly 200 multifamily units to North Austin, with plans for the majority to be priced below market rate.
Saison North will be a 116-unit apartment building at 10010 N. Capital of Texas Highway, near the MoPac Expressway. Of the total units, ABJ reports that 82 will be reserved for people earning 30%, 50% or 60% of the median area income, which is $98,900 for a four-person household in Travis County.
North by Northwest will be demolished to make way for Saison North. The developers say they plan to incorporate elements of North by Northwest, including the cisterns outside, into the complex's final design. Its name is also an homage to the brewpub.
ABJ reports that Saison North received financial support from the Texas Department of Housing and Community Affairs in the form of a $1.5 million tax credit, which will help subsidize the affordable units. The developers hope to have a construction permit by the end of the year in order to start construction in early 2022. Construction should take about 18 months.
According to ABJ, the developers got an early start on the permitting process, closing on the land in early August.
The developers' other project, June West, will be located at 1200-1206 W. Koenig Lane in the Brentwood/Highland area. ABJ reports that June West is envisioned as a "mixed-income community." It will have 80 apartments, all of which are meant to be affordable to people making 30%, 50%, 60% and 80% of area median income.
June West also received a $1.5 million tax credit from the Texas Department of Housing and Community Affairs. The developers hope to break ground on June West in June 2022.
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