What is this travesty?

[Antny12]

Where’s that development going? Is it in that spot?

[Mimmyu]

May not have been NIMBYs, but something sure killed the affordable housing apartments going up at Harris Ridge. They took down the sign, and now it's "moderately priced".

[Valdorama]

From the bizjournal article:

A California real estate firm is buying an abandoned, half-built apartment complex in Northwest Austin and plans to transform the decaying site into a future phase for its nearby 300-acre mixed-used project.

The move is the latest in a string of new developments at Parmer Innovation Center, a sprawling project packed with Fortune 500 companies that could eventually become yet another hub for retail, housing and office in North Austin.

Karlin Real Estate wants to incorporate the 28-acre apartment property at 12600 McAllen Pass, called the IO at Tech Ridge, into Parmer Innovation Center across the street, potentially for restaurants and multifamily housing, said Matthew Schwab, managing director with Karlin.

Trammell Crow Co. is the master developer and CBRE Group Inc. handles leasing for Parmer Innovation Center, where General Motors, Home Depot, Natera Inc., Allegran and Blue Apron operates. 3M Corp. plans to move in next year.

Although Parmer Innovation Center looks like a small business park now, Schwab said Karlin wants to build out the property, which is roughly the same size as The Domain.

Karlin will pay $10.85 million as the winning bidder on the IO at Tech Ridge property in a bankruptcy court auction held earlier this month, beating out six bidders, according to federal court documents and attorney Eric Taube with Waller Landsden Dortch & Davis LLP. Taube represents the apartment owners, IO at Tech Ridge LP, who reportedly abandoned the project two years ago and filed for Chapter 7 bankruptcy last December. Taube said construction stalled while litigation in state court proceeded.

[Antny12]

Wow that’s absolutely enoumous for the area and north Austin in general. Glad to see it get transformed into something like that. Best case scenario right there.