Developer Weaver Buildings broke ground on a 90-bed workforce housing project anticipated to deliver downtown living at $1400 per person in January 2022. Capitol Quarters is a 45,000sf mixed-use, multi-family building with 6,200sf of pedestrian-oriented retail available.
Special thanks to Lott Brothers Construction Company and Tyler Humes for reviewing urban workforce potentials since the fall of 2018 with me! Special thanks to Pape-Dawson Engineers and Shelly Mitchell. Together, our all- female development and civil team created the first no-parking multifamily building in Austin! Special thanks to my financing partners: Churchill Real Estate, Macoy Capital Partners, Inc., Kristin Olson Panehal at MilestoneGP Capital, and Aden Kun for bringing my prototype project to a groundbreaking – we would not be turning dirt without you!
FAQ: We terminated our lease with Quarters Coliving in August 2020. This is now a multifamily lease structure but achieves a similar target rent.
For context of policy changes and other projects that have tried to make this happen, please read Cindy Widner’s article on Urbanize.