Feature Photo: Street view of the proposed site for the senior studio community development. Image: Google Streets.
by Art Benavidez
Austin (Travis County) — City Council recently authorized the Austin Housing Finance Corporation to act as a general partner on a 130-unit “affordable” senior community development.
According to city documents, Springfield, Missouri-based The Vecino Group will partner with the AHFC Cairn Point Non-Profit Corporation to develop Cairn Point Austin, in order to “end homelessness in a vibrant urban neighborhood while ensuring economic integration and preventing long-term displacement.”
In April, AHFC approved a $20 million bond for The Vecino Group subsidiary Cairn Point Austin at Springdale, LP.
The estimated cost of the project is $26.4 million. Of that sum, $16.4 million is dedicated to construction costs.
The 1.7-acre property is undeveloped and located at 5612 Springdale Road in the eastern portion of the city.
Cairn Point Austin, formerly Cairn Point at Springdale, will be senior studio community development providing wrap-around supportive services for individuals who have experienced homelessness and housing instability.
The project scope describes a four-story building with an elevator, supportive interiors and exteriors for the elderly and common area spaces.
The project timeline calls for construction to begin in July of 2022 and be completed by October of 2023.
The Vecino Design in-house architects, Vecino Design, LLC, and Vecino Construction, LLC will act as the general contractor.
The engineering firm Civilitude, out of Austin, is on board the project.
VBX Project ID: 2021-71BA