With the increased density and expense of downtown Austin, urbanites moving here are looking for convenient, cost effective, green solutions that fit their on the go lifestyles. Fourth & addresses these needs in an attractive, sustainable package.
Austin, TX (PRWEB) July 30, 2015
Capsa Ventures, a real-estate development company that builds sustainable mixed use spaces for urban life, announced today that it will start developing property in East Austin, near Plaza Saltillo Station.
Situated on 2.1 acres at the corner of 4th Street and Chicon Street, the Fourth & project is expected to include approximately 130,000 square feet of live/work condominium units, and street level commercial condominiums. When completed, the 97 residential unit and 42,000 SF commercial project will be among the largest single mixed-use developments in East Austin and will deliver an exceptional urban lifestyle as well as easy access to downtown’ Austin’s employment centers. Additionally Fourth & will be built to the standards of Austin Energy’s Green Building Program.
“Capsa Ventures is very pleased to launch this project and to help bring sustainable housing and commercial to East Austin,” said Rance Clouse, CEO of Capsa Ventures. “Not only do we expect this property to be an asset to East Austin, we believe it will be a very welcome addition to the area for the countless residents who will enjoy the walkable urban neighborhood springing up just east of downtown Austin.”
The Fourth & project is owned by and the project's capital, including both equity and debt are provided through the Butler Family Interests. The Butler Family has previously worked successfully with Rance Clouse on Pease Place and Towns on Cumberland.
“With the increased density and expense of downtown Austin, the urbanites moving here are looking for convenient, cost effective, green solutions that fit with their on the go lifestyles. Fourth & addresses these needs in an attractive, smart, sustainable package that works for residents and the community alike,” concluded Clouse.
About Capsa Ventures
Capsa Ventures is an Austin, TX based developer focused on creating sustainable urban projects in fast growing medium sized markets. Rance Clouse, Capsa’s CEO has a long history of building in Austin, including green townhomes Towns on Cumberland, and the noted solar developments Pease Place and 904 West. Clouse’s prior endeavors include several developments in the Phoenix, AZ area and founding Homes Direct, Inc which was acquired by Belgravia Capital.