#United States #Austin #Wood Partners #Multifamily #Hutto

Wood Partners Invests in Hutto, Texas

In a significant move for the Greater Austin area, Wood Partners, a leading multifamily development company, in partnership with ParkProperty Capital (PPC), has commenced the construction of a new 336-unit multifamily community in Hutto, Texas. This project, which recently broke ground, is set to be completed by the third quarter of 2026, making it an exciting addition to one of the fastest-growing markets in the country.

Located conveniently off Ed Schmidt Boulevard, this new community promises to offer residents a blend of suburban living and urban amenities. With its proximity to the Co-Op District, Bushy Creek Amphitheater, and a variety of retail and dining options, residents will have abundant local options to enhance their living experience. Furthermore, the development’s strategic location provides easy access to Austin's major highways, situating residents near some of the city’s prominent employers in high-tech and manufacturing sectors, among others.

According to a recent report by the Williamson County Economic Development Partnership, Hutto is projected to experience substantial growth, with an expected influx of 32,800 new residents. This demographic change necessitates the construction of an additional 11,700 housing units in the area, highlighting the timeliness of Wood Partners' initiative.

Bart Barrett, Managing Director at Wood Partners, commented on the project, stating, “At Wood Partners, we’re committed to delivering high-quality multifamily developments that support the growth and success of cities like Hutto. This area fosters a unique balance between a suburban lifestyle and easy access to urban conveniences, particularly the vibrant Downtown Austin, one of the nation’s fastest-growing cities.”

Project Features and Amenities

The multifamily community will consist of ten three-story buildings, offering various modern amenities designed to enhance the quality of life for residents. These features include a state-of-the-art fitness center, a business lounge, private offices, a club room equipped with a coffee station, and a resort-style pool. Additionally, pet owners will appreciate the inclusion of a fenced dog park, ensuring a welcoming environment for all family members.

In collaboration with local officials, the development is also introducing recreational options such as two pickleball courts, parkland with walking trails, and an 18-hole disc golf course that will be open for public use. Inside their units, residents can expect premium finishes including granite countertops, spacious 42-inch shaker-style cabinets, elegant wood-like flooring, stainless steel appliances, and the convenience of in-unit full-size washers and dryers alongside ground-floor units that feature private fenced yards.

Notably, Wood Partners has been active in the Austin market, having launched The Albright, a luxury 261-unit apartment complex in June 2024. This further emphasizes the company’s commitment to providing quality living spaces that cater to the demands of modern residents.

About Wood Partners

Wood Partners stands out as a national leader in multifamily community development and construction across the United States. With an impressive portfolio, the company has been involved in the acquisition and development of over 110,000 multifamily homes valued at approximately $23 billion. Currently, Wood Partners oversees more than 80 properties nationwide, translating to about 25,000 homes. With its headquarters located in Atlanta and offices in 18 key markets across the country, Wood Partners consistently ranks among the top five multifamily developers in the United States.

About ParkProperty Capital

Backed by the Otto family, a high-net-worth German family with extensive global real estate experience, ParkProperty Capital (PPC) is a multifamily real estate investment firm. Since its inception in 2020, PPC has completed 24 investments, including the current project in Hutto, guiding it towards a diverse portfolio featuring nearly 7,000 multifamily units valued at $2.04 billion. PPC operates from Atlanta for its U.S. investments while maintaining its fund management platform in Hamburg, Germany.

This new development is poised to provide outstanding housing options for Hutto's burgeoning population, ensuring that the community continues to flourish amidst Austin's expanding influence and growth.