Our residential development at 1201 Montopolis Dr just took a huge step forward today with the completion of the subdivision application to the city.
The completed 1201 Montopolis Dr subdivision application can be found on the city of Austin’s website. It features the use of the city’s urban infill development tools to create three cottage lots on the site. Montopolis is one of the few neighborhoods that utilizes this development exemption as part of the neighborhood plan. As part of the subdivision process, we are now expecting to wait 45 days for final approval of the plat. During that time we will be finalizing structural engineering based on the designs by our architect.
When complete, the 1201 Montopolis project will include three large 4-bedroom new-construction townhouses. As live-work balance becomes more important to tenants, Liquid is committed to building a rental portfolio that serves the needs of the changing workforce. We are focused on increasing bedroom counts and designing workspaces into all our new construction projects.
Our oz fund is seeking investors in the construction component of the 1201 Montopolis Dr project. Current estimates project the full construction cost to come in at around ~$1.15M and with a lead time of between 12 and 18 months once final plans are approved. Investing in the construction offers a unique opportunity for real estate investors.
Since most of the value add has now been achieved through the subdivision process, investors entering now would have significantly less risk exposure than a year ago. We are able to accommodate investors looking to spread risk across all our projects or who would prefer to invest directly in the 1201 Montopolis development.
Established in 2003, Barron Custom Design is an award-winning boutique architectural design firm. Projects by Barron Custom Design have been featured in the HGTV Pro-Design network, Houzz and Apartment Therapy.
BCD’s portfolio includes custom single family and small-scale multi-unit residential projects, as well as working with builders, developers, and small commercial projects. The goal for each of their projects is to create beautiful, functional, and sustainable spaces. They strive to meet the needs of the specific client while blending design to fit within a community. With an extensive background in technical knowledge, they have the experience to guide and assist clients through the design process. Learn more here: barroncustomdesign.com
360 Degree Construction has established a reputation as a custom builder of high-quality, unique homes in Austin, Houston and San Antonio, with a legacy spanning over 10 years. Our homes offer outstanding design and craftsmanship with meticulous attention to detail, all personalized to suit your lifestyle.
We build to exceed expectations. Learn more here: 360degree.construction