This month, our Property Highlight series is focusing on The Johnny, a 76-unit multifamily development in East Austin roughly between Downtown and The Domain. Partnering with The Sephira Group, this multifamily project features condominium-like design elements and will offer 16 units of affordable housing for those who earn below 60% of the median family income.
Current Progress on The Johnny
The Johnny provides a modern solution for those looking to live near the heart of the city in a luxury, boutique development. It is located steps from the red rail line at Crestview Station, and directly adjacent to The Crescent shopping center with quick access to 99 Ranch Market, Kura Sushi, Texas Pizza, and many other specialty stores and restaurants.
The Future of The Johnny
The Johnny is currently under construction with a completion date set for January 2023. Since breaking ground in November, The Johnny has been full steam ahead on construction and is now framing. This property sits in proximity to the major development corridors along Lamar Blvd and Burnet Road. Additionally, The Johnny is located close to Downtown Austin, The Domain, The University of Texas, the ACC Highland Redevelopment, and Mueller. Who doesn’t want to be close to the action?
“The Johnny will provide residents with sophisticated living in a boutique development that offers an alternative to the large 300-unit plus communities that saturate the market. We are also very excited about our wellness balcony, which will feature a hot and cold swim spa and provide residents with a space to relax and recharge.” – Managing Director Michael Bernstein
If you are interested in being a resident at the Johnny, when completed, check out the website here for ongoing updates.
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About the Sephira Group
The Sephira Group (TSG) is a full-service Real Estate Development & Investment firm headquartered in Austin, Texas. TSG specializes in developing properties in irreplaceable locations, as well as identifying & acquiring undervalued properties with strong re-purposing potential. Our in-house teams focused on acquisitions, financing, design, development, and asset management, allow us to execute lucrative strategies across the entire real estate spectrum.