RangeWater Real Estate closed on its latest development project at 11800 Menchaca Road in Austin, Texas.
This acquisition marks another key milestone in the company’s expansion strategy, as it continues to meet the growing demand for high-quality living spaces in one of the nation’s fastest growing and most vibrant markets.
This is RangeWater’s second joint venture partnership with TMGRI (a subsidiary of The Meridian Group), a Dallas-based group that seeks development and opportunistic investment opportunities across the residential and industrial sectors in growth markets in the Southeast, Texas, Arizona, and Colorado.
Already active in the market with seven projects totaling approximately 1,600 residential units, RangeWater is committed to enhancing its Texas portfolio. This new development further strengthens RangeWater’s position in Austin as it continues to seek new land opportunities and properties throughout the state.
Located on 7.94 acres in South Austin, the development will introduce 240 modern rental residences, offering a mix of studio, one-bedroom, and two-bedroom floor plans ranging from 549 to 1,264 square feet. Designed with contemporary living in mind, the community will feature a leasing clubhouse, fitness center, swimming pool, dog park, a speakeasy-inspired garden room, a library, and flexible office spaces—fostering a well-rounded and convenient lifestyle for residents. Additional amenities include grilling stations, outdoor seating areas, and landscaped courtyards.
Strategically positioned near downtown Austin and the SoCo district, the site provides easy access to key employment centers for some of the city’s top employers, including Tesla, Intel, Oracle, Google, Whole Foods, and Facebook, as well as proximity to the rapidly expanding South Austin Entertainment District, featuring a lively mix of residential, retail, and entertainment options. The neighborhood boasts a thriving cultural and culinary scene with popular destinations such as major retail hub SouthPark Meadows, local breweries, as well as outdoor trails and parks less than three miles from the development. Its accessibility to major roadways like I-35 and MoPac ensures seamless connectivity to Austin’s growing tech sector and business hubs.
The project is expected to break ground in the second quarter of 2025, with completion slated for the first quarter of 2027.
