Artistic rendering for the Gibson flats on South Lamar.
Austin-based Ardent Residential has broken ground on Gibson Flats, a 202-unit upscale apartment complex that will be part of an emerging apartment boom along South Lamar Boulevard.
Slated for vacant land at South Lamar and Gibson Street, the first apartments in the five-story building are expected to be ready for tenants by mid-2013, with the project scheduled for completion in late 2013.
Other proposed projects on South Lamar include Houston-based Hanover Co., which plans about 340 units just south of Uchi; and Greystar Residential, which intends to build about 400 apartments in the Lamar Square shopping center that houses the Alamo Drafthouse. Farther south, Ardent and Atlanta-based Post Properties Inc. are building a complex with 298 apartments, the first of which will be ready for residents late this year.
Adapted from American-Statesman orginally posted by Shonda Novak on Friday, February 10, 2012. Read full article here.
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