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Austin Developer Purchases 10.38 Acres Off MoPac for New Multifamily Development

Oden Hughes Plans 350-Unit, Four-Story Apt. Complex
August 9, 2017
Oden Hughes acquired a 10.381-acre tract in Austin, TX from Rollins, Inc. where the company plans to develop a new 350-unit, four-story apartment complex.

The locally-based developer paid $5.6 million, or about $544,500 per acre, to acquire the site located on the southeast corner of MoPac Expressway and Scofield Ridge. The tract is zoned GR by the City of Austin and had been on the market for sale since 2009, according to CoStar information.

Ryan Wilson and Lee Ellison with ECR represented the seller in the sale transaction.

Please see CoStar COMPS #3949194 for more information.
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