Coop at Southpark Meadows
Coop at Southpark Meadows (fka UG Oakhill Highline) is a multifamily residential development in Austin, Texas, situated at 1802 Oak Hill Lane near the Southpark Meadows area. The project will deliver approximately 360 apartments across multiple phases with Phase I comprising 228 units. Designed and developed by Urban Genesis or an affiliate, the development includes a mix of income-restricted units with 30% reserved for households earning less than 80% of area median income and 20% reserved for households earning less than 60% of the Austin AMI. The Travis County Facilities Corporation is participating to facilitate land acquisition and serve as general contractor to reduce construction costs. Planned amenities and staged construction aim to provide a mix of market-rate and affordable housing options to support the surrounding community.
Details
Documents
Resolution No. TCFC-2024-03
March 7, 2024
To induce approximately 360 units of multifamily residential housing known as the Oak Hill Highline Apartments to be developed in partnership with an affiliate of Urban Genesis, LLC located at approximately the intersection of Slaughter Lane and Interstate 35; to authorize negotiation of a term sheet; and to take other related actions, subject to the terms outlined in the resolution.
Resolution No. HATC-2024-21
December 5, 2024
To approve the Citizen House Apartments, the Citizen House Bergstrom Apartments, the Citizen House Gilbert Apartments, the Citizen House Howard Apartment Project, the Belmont Project, the Preakness Apartment Project, the UG Oak Hills Apartment Project, the William Cannon Apartment Project, the Real Street Apartment Project, the Ross Road Apartment Project, the Rodeo Apartment Project, the Flats-130 Apartment Projects, the Gregg Lane Apartment Project, the Barkley Meadows Apartments, the Barkley Meadows Homes Project; and other matters in connection therewith.
Resolution No. TCFC-2025-10
March 6, 2025
To approve Phase II of the transaction for the COOP at Southpark Meadows Apartments (f/k/a Oak Hill Highline Apartments), a new two-phase multifamily residential complex comprised of 360 total units in collaboration with Urban Genesis, LLC or an affiliate. Phase I has been previously approved, and Phase II is being approved at this time. Phase II will consist of 132 units located at approximately 1705 Judy Drive in Austin, Texas.
Financial Analysis - Oak Hill Highline
March 7, 2024
The CBRE report evaluates the proposed Oak Hill Highline project, a 360-unit multi-family development in Austin, Texas. The project will be owned by Travis County Facilities Corporation (TCFC) and will benefit from a 100% property tax exemption, setting aside a portion of units for affordable housing. The analysis includes projected costs, operating expenses, and income scenarios. The report demonstrates that the development is feasible only with rental restrictions and tax abatements.
