Starwood to Develop 342-Unit Multifamily Project in East Austin Opportunity Zone

AUSTIN, TEXAS — Starwood Capital Group, a Connecticut-based private investment firm, has acquired land in one of East Austin’s opportunity zones for the development of a 342-unit multifamily project. The garden-style property will be located at 500 U.S. Highway 183 S. within close proximity to Austin’s central business district (CBD), entertainment district and Austin-Bergstrom International Airport. Completion is slated for spring 2020.