Format
Full
City
Austin
State/Province
TX
Country
USA
Metro Area
Austin
Project Type
Mixed Residential
Location Type
Other Central City
Land Uses
Multifamily For-Sale Housing
Single-Family For-Sale Housing
Keywords
For-sale housing
Mixed residential
Single-family detached housing
Workforce housing
Site Size
3.9
acres
acres
hectares
Date Started
2006
Date Opened
2008
Situated in a rapidly gentrifying neighborhood in Austin, Texas, Chestnut Commons is a transit-oriented infill community featuring 32 cottage-style residences and 32 for-sale flats above garages. This housing typology–smaller-than-average homes arranged to maximize density–has the advantage of making homeownership more affordable, with initial sales prices ranging from $149,000 to $260,000. The developers of Chestnut Commons–locally based Momark Development LLC, and Benchmark Land Development–donate half of the project’s profits (beyond an initial 20 percent gross profit threshold) to the nonprofit Austin Community Foundation, resulting in a total contribution of over $1.1 million toward community development in the city.
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Format
Full
City
Austin
State/Province
TX
Country
USA
Metro Area
Austin
Project Type
Mixed Residential
Location Type
Other Central City
Land Uses
Multifamily For-Sale Housing
Single-Family For-Sale Housing
Keywords
For-sale housing
Mixed residential
Single-family detached housing
Workforce housing
Site Size
3.9
acres
acres
hectares
Date Started
2006
Date Opened
2008
Date Completed:
Case Study/Profile Type: DCS
Website: http://www.austinchestnut.com
World Region: North America
Developer(s): Momark Development LLC, Benchmark Land Development
Website (Dev.): http://www.momarkdevelopment.com, http://www.benchmarktx.net
Designer(s): Bosse & Turner Associates
Website (Des.): http://http://www.somearchitect.com/