Project Description
Two components essential to Austin’s continued growth and success, mass transit and affordable housing, come together at Talavera Lofts, one of Nelsen Partners’ most exciting new low-cost developments. Occupying the southeast corner of East Fifth Street and Navasota Street, the one- acre site is located alongside a former freight corridor dominated by metal-clad industrial sheds and dusty parking lots—somewhat off the beaten path even for the traditionally low-rent residential and nightlife district a short walk away. Yet this particular area is poised for growth: the old railway is now the Red Line, the city’s sole operating route of the city’s light rail system, with the nearest station only a block away from where Talavera has open its doors in 2021. That puts the building’s future residents on an economical, five-minute ride from downtown, a major asset given that ninety of Talavera’s ninety-three units will be reserved for applicants earning as little as a third of the area median income.
At prices well below those of other developments nearby, tenants will enjoy a full suite of amenities, from on-site parking to laundry facilities to exercise equipment, as well as roomy apartments in sizes ranging from five hundred to over 1,300 square feet.