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Project Spotlight: The Goodwin, Geyser’s 363-unit Multifamily Development in East Austin

By Jorge Lopez,

The Goodwin Multifamily Development Apartments in East Austin

The Geyser Group is highlighting our upcoming project, The Goodwin, located just off the intersection of Springdale Road and Airport Boulevard in East Austin. We are partnering with Sabot Development and Cadence McShane Construction on this 363-unit, class-A apartment community in a prime East Austin Opportunity Zone.

The Goodwin will provide housing to the growing Austin population with 326 market-rate and 37 affordable housing units. Additionally, there will be 2,400 square feet of retail space aimed at providing residents and the neighborhood with access to another local restaurant or bodega. The Goodwin is located directly across the street from Springdale General, a 165,000 square foot mixed-use complex, and Springdale Green, an 875,000 square foot office that is expected to deliver in Q1 2024.

Our Progress on The Goodwin in East Austin 

The Goodwin is currently under construction with an expected final completion date in Q1 2024.  The first set of units are expected to deliver in Summer 2023.  Construction is proceeding as planned, with work underway on the parking garage.

construction 2021 for 3706 goodwin multifamily development in east austin
December 2021
construction january 2021 for 3706 goodwin multifamily development in east austin
January 2022
construction april 2022 for 3706 goodwin multifamily development in east austin
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May 2022
The Goodwin multifamily development in East Austin
June 2022
The Goodwin Multifamily development in East Austin
July 2022

The Goodwin is currently under construction, with an expected completion date in Q1 2024.  The first set of units is likely to deliver in Summer 2023.  Construction is proceeding as planned, with work underway on the parking garage. The Geyser Group is thrilled to see the development come to fruition. Who knew dirt and cranes could make us so excited? Ultimately, Geyser aims to give East Austin residents high-quality apartment living combined with a prime location, and Goodwin will do just that. Geyser is committed to building the foundation for the future of East Austin and giving residents the experience of a lifetime. Following construction, 10% of the units will be affordable housing, with priority given to individuals who formerly lived on the 60’s building formerly on the property. As part of this project, those individuals were also offered financial literacy classes and a relocation assistance package. The Geyser Group is excited to have the opportunity to combine up-scale housing with social impact initiatives in East Austin.

The Goodwin Has Much to Offer Future Residents

A quote from Managing Director Michael Bernstein, 

“We are excited about so many aspects of this project. It has a great location walkable to Springdale General, the Austin Bouldering Project, and Jay Paul Company’s transformative Springdale Green project. We will have best-in-class amenities featuring two pools, an expansive dog park, and multiple entertainment spaces. And we will be adding 37 affordable units to the area. Combining location and community is at the core of this project, and The Geyser Group cannot wait for it to come to life over the next two years.”

Check out our gallery below for a preview of what The Goodwin will look like, and stay up to date with our investment opportunities by visiting our Investor page here!

We actively seek investors to share our opportunities with and are happy to connect with you! Check out our portfolio of current developments here.

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CategoriesOur Projects

Breaking Ground on a Boutique, Alternative to Austin Living

By Jorge Lopez,

On November 9th, The Geyser Group and The Sephira Group broke ground on The Johnny, a boutique alternative to Austin living. The Johnny will be a 76-unit multifamily community in the Highland neighborhood, a highly sought after location near downtown, UT campus, and the Triangle. This property will feature condominium- like design elements that differ from traditionally large housing developments. Breaking ground on this property has been the highlight of our month! 

If location is  what you are looking for, then look no further! The Johnny provides a modern solution for those looking to live near the heart of the city. It is located steps from the red-, orange-, and blue rail lines at Crestview Station, and adjacent to the grocery stores, restaurants, coffee shops, and bookstore at The Crescent shopping center. The Johnny’s central location reduces the cost and emissions of long commutes. Additionally, The Johnny will offer limited affordable housing options to those who earn below 60% of the median family income. 

“In the years we’ve been developing in Austin, we’ve seen it become one of the least affordable cities in the nation,” said Matt McDonnell, founder and CEO of The Geyser Group. “The COVID-19 pandemic has only exacerbated the problem. By providing a spacious, metro-adjacent environment, The Johnny addresses an underserved community and puts a dent in Austin’s affordability crisis.”

Affordability is a rising problem in the Austin market. Through our efforts, we hope to provide opportunity for the community to experience the wonderful development that is The Johnny. Here’s to breaking ground! 

construction april 2022 for 3706 goodwin multifamily development in east austin
CategoriesOur Projects

Breaking Ground on a Groundbreaking Development: Goodwin Apartments

By Jorge Lopez,

The Geyser Group and Cadence McShane Construction Company are breaking ground on the new Goodwin Apartments. We have worked closely with Davies Collaborative and Sabot Development to handpick all the design elements that will go into this project. With outstanding exterior and interior design, it is no surprise that everyone involved in this project is ecstatic to see construction begin. 

Located in prime East Austin, the multi-use development will add 364 residential units and 5,000 square feet of commercial space to the growing area. Since 2019, East Austin has become the hit location for up-and-coming bars, restaurants, and other retail developments. 

The area was deemed one of the fastest-growing areas in the city prior to the pandemic making the community in East Austin incredibly diverse. With new multipurpose developments comes the need for new housing. The new Goodwin Apartments will provide an abundance of opportunities to live where the action is. 

Pictured left to right: Managing Director Michael Bernstein, CEO Matt McDonnell, and Sabot Partner Jim Young

Following construction, 10% of the units will be affordable housing, prioritizing existing tenants at the existing complex. Current residents will be eligible for financial assistance and be given first preference to help them move back into the new development. Residents will be given access to free classes on financial literacy through Framework CDC. 

Breaking ground on projects that will benefit us and the community is something we strive for. The Geyser Group believes in opportunity, and Goodwin will provide Austin residents with up-scale housing combined with a number of social opportunities.

To learn more about Goodwin, check out our ‘Project Spotlight’ series here.