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Austin: City’s Housing Corporation Partners with Missouri Developer on Seniors Community

Feature Photo: Street view of the proposed site for the senior studio community development. Image: Google Streets.

Posted: 10-8-2021

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


art@virtualbx.com

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By |2021-10-08T14:48:11-05:00October 8th, 2021|Construction Preview|

About the Author:

Art Benavidez (Construction News Reporter, Central Texas) is a seasoned journalist with over 15-years of experience in writing breaking news and in-depth features at the local level. He honed his research and reporting skills in newspapers and magazines throughout South and West Texas along with expertise in crafting digital content as Managing Editor of New Image Marketing Research Corporation. Benevidez is a Texas native and graduate of UT-RGV.

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