MMI Receives Site Permit from City of Austin for 460 Unit Multifamily Project
On Wednesday March 16th, 2022 MMI Development received a site development permit authorizing them to begin construction of a 460 Unit Multifamily property located in Austin, Texas.
The project, Progress at Tech Ridge, is anticipated to be completed within 30 months. MMI closed on the construction loan and acquisition of the land in October 2021. The $91M project is expected to be a long term hold for MMI Development and their investment partners.