Lincoln Ventures announces mixed-use development at 2700 E. 5th St.

Today, Lincoln Ventures, an Austin-based multi-family and student housing developer, announced the closure of a development site located at 2700 E. 5th St. in Austin. The multi-family development will rise to six stories and feature 625 residential rental units, as well as two levels of co-working space, a cafe and an urban grocery store. Lincoln Ventures is expected to inaugurate the property in the second half of 2022, with an estimated opening date of summer 2024.

The site’s location in East Austin will provide residents and the public with a range of amenities tailored to the needs of the area, including two outdoor swimming pools, a first-class gym, spin studio, yoga room, a cafe, a pet spa, a dog park and a catering kitchen. The project will also include underground parking with direct access to the units.

This latest Lincoln Ventures project will be designed to fit the neighborhood’s live-work-play environment and exceed the expectations of tomorrow’s city dwellers.

“As East Austin continues to grow with the city, it’s important to tap into the area’s lifestyle needs, and this project captures that energy by offering a unique variety of environments, services and experiences. to residents and the community,” said David Kanne, CEO of Lincoln Ventures. “Future residents will be at the center of this vibrant East Austin neighborhood, while enjoying easy access to public transit and a city bike path, as well as proximity to downtown Austin. and ABIA.”

The types of units for rent range from bachelor apartments to one, two and three bedroom options, and ten percent of the units will be designated as affordable housing. The building to be named will also offer two-story urban townhouses and two-story living/working units located along the 5th Street frontage. The living/working units will offer one and two bedroom floor plan options.

Lincoln Ventures has also paved the way for similar projects across the country, including at 811 N. 3rd Street, a 24-story, 326-unit multifamily development located in the heart of downtown Phoenix’s arts district.

Lincoln Ventures is best known for its successful student housing developments in Austin, Texas, including The heckling, the heckling 2.0, moon tower and Waterloo. The company recently announced another multi-family project in 80 Rainey Austin, Texas. The 49-story development will feature 644 residential rental units, bars and restaurants. Lincoln Ventures is expected to break ground on the tower next summer with an estimated completion date of summer 2025.

2700 E. 5th St. is a partnership between Lincoln Ventures and ELV Associates. Pappageorge Haymes Partners is the project architect, Wuest Group is the civil engineer, Michael Hsu is the interior designer and TBG provides landscape architecture services.

About ELV Associates

ELV Associates, Inc. is a private real estate investment and management company established in 1990 with direct investments in commercial properties in the United States. The firm has established high-quality real estate portfolios in three US regions – New England, Mid-Atlantic and the Southeast. To date, ELV Associates has completed acquisition and development transactions representing more than $2 billion in market value. The foundation of all their investments is high intrinsic value property where inefficiencies are exploited and value is enhanced through their hands-on teams in Boston, Massachusetts, Washington, DC and Atlanta, Georgia.

About Lincoln Ventures

Lincoln Ventures is an Austin, Texas-based real estate investment firm focused on acquiring, developing, and managing high-quality real estate in prime locations across the United States. Since its inception in 2012, Lincoln Ventures has grown its business to include multi-family buildings, student housing, mixed-use buildings and offices worth more than $1.6 billion. For more information visit: http://www.lincoln-ventures.com and for additional multimedia resources, visit: https://lincolnventures.canto.com.

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