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1500 Royal Crest Dr
Austin, TX 78741
The Element

The Element is a 300-unit affordable apartment community in Austin’s growing Northeast submarket for residents earning at or below 60% of the area median income. It is less than three miles from several major employers including Dell, Samsung, General Motors and Applied Materials. The area is growing, and The NRP Group’s partnership with the Travis County Housing Finance Corporation brings an affordable option to a part of Austin where workers can live near their jobs and a short drive away from leisure hubs like Techridge. The Element is a three-story walk-up garden-style development designed with workers and families in mind.

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Product Type
Affordable 4% LIHTC/Bond
Building Type
Garden
Apartment Homes/Units
300
Construction Duration
19 months
Lifestyle Type
Multi Family
Status
Construction
Completion Date
03/01/2023
Our Involvement
development
construction
management
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