AUSTIN, Texas--(BUSINESS WIRE)--Aug 13, 2024--
The NRP Group, a vertically integrated, best-in-class developer, builder, and manager of multifamily housing, in partnership with PointOne Holdings and the Travis County Facilities Corporation (TCFC), today announced the groundbreaking of a 328-unit mixed-income multifamily development in Austin, Texas. Half of the units will be reserved for residents earning between 60 to 80 percent of the Area Median Income (AMI).
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“This development is a testament to our commitment to create inclusive housing communities where residents of all income levels can thrive,” said Max Whipple, Vice President of Development at The NRP Group. “As we celebrate our 30th anniversary and the delivery of our 30,000th housing unit in Texas, East Austin’s Ross Road development will provide the local workforce with the opportunity to affordably live in the vibrant community where they work.”
Ross Road meets the neighborhood’s growing demand for quality, accessible housing for essential workers, young professionals and growing families. It features an assortment of one-, and two-bedroom apartments with high-end finishes. With close proximity to Highway 71 and the 130 tollway, Ross Road provides quick access to employment hubs in East Austin and a 20-minute drive to the city’s downtown.
“We are thrilled to partner with The NRP Group on this project to provide much-needed housing in East Austin,” said Ben Colonomos, Principal of PointOne Holdings. “This development will significantly enhance the rapidly expanding neighborhood, providing residents with a best-in-market living experience and a wide range of community-focused and thoughtfully designed amenities.
Designed by architecture firm Lord Aeck Sargent, Ross Road is a 4-story development with a unique covered parking structure to maximize outdoor space. Half of the 16.5-acre site will be dedicated to greenspace and outdoor amenities, including a primary courtyard with a resort-style pool, cabanas and outdoor games like ping pong and corn hole. Additionally, there are two landscaped courtyards and a dog park overlooking the greenbelt to the East.
For remote workers and students, the development offers coworking spaces with multiple meeting and conference rooms. The community also includes a double-height lobby and state-of-the-art fitness center, and a community chef’s kitchen for social gatherings.
“This development aligns perfectly with our mission to support the development of high-quality housing in Travis County,” said Patrick Howard, Executive Director of TCFC. “We are proud to be part of an initiative that delivers accessible housing to the region’s growing workforce.”
Austin remains a priority market for The NRP Group. Two recently delivered mixed-income communities in the area include The Markson, with 330 units, and Station42 with 368 units.
Construction of Ross Road is already underway. The community is expected to deliver in 2026.
About The NRP Group
The NRP Group is a vertically integrated developer, owner, builder, and manager of best-in-class multifamily housing with a mission to create exceptional rental housing communities for individuals and families, regardless of income. Since its founding in 1994, NRP has developed more than 50,000 apartment homes and currently manages over 25,000 residential units.
Through its disciplined approach to vetting opportunities, NRP has established a track record of delivering impressive returns for investors. The company’s formidable size and depth of talent provide the experience and infrastructure necessary to execute developments of varying degrees of complexity and scope in both urban-infill and suburban locations, including market-rate, affordable, mixed-income, and senior housing.
The NRP Group is consistently ranked in the Top 10 largest developers and builders in the U.S. by the National Multifamily Housing Council and by Affordable Housing Finance. The NRP Group is a winner of the National Association of Home Builders Multifamily Pillars of the Industry award for “Builder of the Year,” and a four-time recipient of the same award for “Development Firm of the Year.” The NRP Group has become the top multifamily developer in the U.S. that creates both affordable and market-rate housing at a national scale. Based on its nearly 30 years of experience and expertise, NRP now provides construction and property management services to outside owners and developers. For additional information, visit www.nrpgroup.com.
About PointOne Holdings
POINTONE HOLDINGS is a real estate investment firm headquartered in South Florida and Atlanta with properties located throughout the Southeastern United States and Texas. The firm has acquired, developed and managed a diversified portfolio of residential and commercial assets valued at $2 billion. PointOne Holdings’ core principles are founded on precise investment selection, thorough due diligence, creative deal structuring, strong financial management and proactive and responsive communication. For more information visit www.pointoneholdings.com.
About Travis County Facilities Corporation
The Travis County Facilities Corporation (TCFC) is a non-profit organization established in January 2001, authorized by the Texas Local Government Code Chapter 303. The corporation works in conjunction with the Housing Authority of Travis County to provide public facilities in an orderly, planned manner and at the lowest possible borrowing costs. TCFC has focused on affordable housing and provides for the acquisition, construction, rehabilitation, renovation, repair, equipping, furnishing, and placement of affordable housing.
Photo Credit: The NRP Group
Hezbollah pounded northern Israel with 140 rockets Friday, a day after the militant group’s leader vowed to retaliate against Israel for a mass bombing attack, the Israeli military and the militant group said.
Israel’s military said the rockets came in three waves Friday afternoon targeting sites along the ravaged border with Lebanon.
In Gaza, Palestinian authorities said 15 people were killed overnight in multiple Israeli attacks.
An airstrike early Friday morning in Gaza City hit a family home, killing six people including an unknown number of children, Gaza’s Civil Defense said. Another person was killed in Gaza City when a strike hit a group of people on a street.
Israel maintains it only targets militants and accuses Hamas and other armed groups of endangering civilians by operating in residential areas. The military, which rarely comments on individual strikes, had no immediate comment.
Gaza’s Health Ministry says more than 41,000 Palestinians have been killed in the territory since Hamas’ Oct. 7 attack. The ministry does not differentiate between fighters and civilians in its count but says a little over half of those killed were women and children.
Israel says it has killed over 17,000 militants, without providing evidence.
Meanwhile, the leader of Lebanon’s Hezbollah is promising to retaliate for deadly attacks on its communication devices after Israel’s defense minister announced a “new phase” of the war. Fears are increasing that 11 months of exchanges of fire between the two sides will escalate into all-out war.
Hezbollah began striking Israel almost immediately after Hamas’ Oct. 7 attack that sparked the Israel-Hamas war. They have come close to a full-blown war on several occasions.
Here's the latest:
Palestinian authorities say 15 people were killed overnight in the Gaza Strip in multiple Israeli attacks.
An airstrike early Friday morning in Gaza City hit a family home, killing six people including an unknown number of children, Gaza’s Civil Defense said. Another person was killed in Gaza City when a strike hit a group of people on a street.
In Beit Hanoun, north of Gaza City, another person was killed and several others injured when a vehicle was hit by an Israeli strike, the Civil Defense said.
Late Thursday, six more people were killed in a strike that hit a home in the center of Gaza City, while another was killed in Beit Lahya, north of Gaza City.
Israel maintains it only targets militants and accuses Hamas and other armed groups of endangering civilians by operating in residential areas. The military, which rarely comments on individual strikes, had no immediate comment.
The war has caused vast destruction and displaced about 90% of Gaza’s population of 2.3 million.
BAGHDAD — A leader of an Iranian-backed Iraqi militia was killed Friday in a strike in Syria, a war monitor and a militia official said.
Iraq’s Kataeb Hezbollah group — which is different from the Lebanese militant group Hezbollah — said in a statement that Abu Haidar al-Khafaji was killed “while performing his duties as a security advisor in Damascus.”
The UK-based Syrian Observatory for Human Rights had earlier reported that a leader in Iraq’s Kataeb Hezbollah group was killed and another person injured in a drone strike on the car they were traveling in on the road to the Damascus airport.
An official with an Iraqi militia confirmed that a car carrying a group of militia members was struck in Damascus, killing one person and injuring three others. The official spoke on condition of anonymity because he was not authorized to speak to the media.
There was no comment from Israeli officials on the strike. Israel frequently strikes Iranian and Iran-linked groups in Syria but rarely acknowledges the strikes.
Tensions have heightened in the region following a wave of apparently remotely detonated explosions in Lebanon targeting pagers and walkie talkies belonging to the Lebanese Hezbollah. The attacks, widely blamed on Israel, which has not commented on them, killed at least 37 people - including two children - and wounded about 3,000.
— By Qassim Abdul-Zahra in Baghdad
BEIRUT — Israel’s military killed two Hezbollah members who were planting explosives along the border over the weekend, Israel’s military and an official with a Lebanese group said.
The official with a Lebanese group said the two members of the militant group were killed Sunday and their bodies were taken by Israeli troops because they were too close to the fence along the tense frontier. The official spoke Friday on condition of anonymity because he was not authorized to speak to the media.
On Thursday, Israel’s military released a video it said was taken by one of the fighters showing the militants coming under fire. The military said that the two fighters were killed by Israeli troops as they tried to plant an improvised explosive device near a military post.
In the days following the tense border interaction, thousands of devices exploded in different parts of Lebanon and Syria, killing 37 people and wounding around 3,000 others. The attack was blamed on Israel, and many of those killed or injured were members of Hezbollah.
Associated Press writer Bassem Mroue contributed to this report.
Hezbollah members carry the coffin of their comrade who was killed when a handheld device exploded, during a funeral procession in the southern suburbs of Beirut, Thursday, Sept. 19, 2024. (AP Photo/Hussein Malla)
Right-wing Israelis with relatives held hostage by Hamas in the Gaza Strip, and their supporters, rally against a hostage deal, in Jerusalem, Thursday, Sept. 19, 2024. The placard in Hebrew reads: " To bathe in his blood." (AP Photo/Maya Alleruzzo)
Houses are engulfed in fire as the Israeli army raided the northern West Bank town of Qabatiya on Thursday, Sept. 19, 2024. (AP Photo/Majdi Mohammed)
Palestinians duck for cover as the Israeli army raided the northern West Bank town of Qabatiya on Thursday, Sept.19, 2024. (AP Photo/Majdi Mohammed)
FILE - Hezbollah fighters carry one of the coffins of four fallen comrades who were killed Tuesday after their handheld pagers exploded, in the southern suburb of Beirut, Wednesday, Sept. 18, 2024. (AP Photo/Bilal Hussein, File)
