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Austin Business Journal

East Austin could get badly needed affordable housing

The Geyser Group hopes to build 250 apartments on two acres at 2900 Oak Springs Dr. Half of that would be affordable through the Affordability Unlocked Program. Managing Director Dick Hall had this to say about the program and its importance,

"[Affordabilty Unlocked] is a great program. Housing is sorely needed in Austin right now, and it's a great tool as rents continue to skyrocket."

Boutique multifamily in east Austin
Austonia

Two multi-family projects set to open in coming year

Austin-based developers The Geyser Group have worked on commercial projects on East 6th St. and townhomes in East Austin. Now, they're behind a couple of multifamily developments that will debut in 2023/2024. CEO and Head of Development Michael Bernstein says this about the projects,

"Combining location and community is at the core of these projects, and Geyser cannot wait for it to come to life over the next two years."

Our Recent Stories

250 new apartments on the way to East Austin
Urbanize Austin 
September 13, 2022
The Austin-based Geyser Group recently closed on the purchase of a two-acre property at 2900 Oak Springs Drive. The property in Central East Austin’s Rosewood neighborhood is currently the address of a masonry supply store according to county documents.
Read More >> 
East Austin could get badly needed affordable housing
Austin Business Journal
September 12, 2022
A developer is looking for partners to help it build more affordable housing in East Austin. The Geyser Group hopes to builf 250 apartments on two acres at 2900 Oak Springs Dr. Half of that would be affordable to take advantage of Austin’s Affordability Unlocked Development bonus program
Read More >> 
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Boutique apartment complex rising amid big new builds in north Austin.
Urbanize Austin
July 25, 2022

A local developer that has made significant forays into other areas of Austin is bringing a boutique multifamily project into the Highland neighborhood mix. The 76-unit apartment complex, called the Johnny, is in the works at 613 West St. Johns Avenue.
Read More >> 

Geyser Group to Build East Austin Multifamily Project.
Connect CRE
July 7, 2022

The Goodwin will provide housing for 326 market-rate units as well as 37 affordable housing units. In addition, the developer will include 2,400 square feet of retail space, most likely for a restaurant.
Read More >>

East Austin to get needed affordable housing
KXAN
September 13, 2022
More affordable housing options could be coming to East Austin. The developer behind the project is looking for partners to help them build, finance, and execute the development at 2900 Oak Springs. Half of the units at the site will be affordable
Read More >>
The Geyser Group Plans 250-Unit Apartment Complex in East Austin
CoStar
September 9, 2022
The Geyser Group has closed on a 2-acre site in East Austin, Texas, where it plans to build a new apartment complex to capitalize on the growing demand for housing in the area
Read More >>
$22 million ranch property hits market
Austin American Statesman- Building Austin Newsletter
September, 6, 2022
In a rare offering, Hamilton Reserve Ranch, a 738-acre property that is protected by a conservation easement, is for sale. The ranch is 35 minutes from downtown Austin and 15 minutes from Lakeway, Bee Cave, and Dripping Springs according to The Geyser Group, an Austin- based commercial real estate firm. 
Read More >>
More details emerge about ‘catalytic’ Scobey Project on near West Side
San Antonio Express-News
August 25, 2022
The redevelopment of the vacant Scobey complex on the near West Side would include mixed-income housing, offices, and retail.
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These 2 multi-family developments are set to open in the coming year.
Austonia
July 19, 2022

Austin-based developers The Geyser Group have worked on projects like a commercial office space on East Sixth St. and townhomes in East Austin. Now, they’re behind a couple of multifamily developments that will make their debut in 2023.
Read More >> 

Geyser Group, Sephira Underway on 76- Unit Multifamily Project in Austin.
Rebusiness Online
June 30, 2022

Locally based developer The Geyser Group is underway on the construction of The Johnny, a 76-unit multifamily project in Austin.
Read More >>

Geyser Group and Sabot Development Breaks Ground on 364- unit Multifamily Redevelopment in East Austin.
Rebusiness Online
January 28, 2022

Locally based firm Sabot Development, in partnership with Geyser Group, has broken ground on a 364-unit multifamily redevelopment project in East Austin.
Read More >>