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!
