Austin, TX, June 16, 2022 (GLOBE NEWSWIRE) — Coastal Ridge Real Estate (“Coastal Ridge”) a national multifamily investment, management, and development firm, announced today that they are continuing the expansion of their Stillwell brand with a new project in Round Rock, Texas. The firm will build 225 build-for-rent (“BFR”) units within the larger 1,200-acre mixed-use Avery Centre planned unit development.
The 20-acre site is ideally situated on the University Boulevard corridor, 25 miles north of Austin. Round Rock is home to Texas State University, Texas A&M Health Science Center, and Cornerstone Hospitality.
“Avery Centre allows us to bring the Stillwell brand to Texas and the thriving Austin area,” said Andy Lallathin, Managing Partner at Coastal Ridge. “Stillwell offers our residents the same privacy and outdoor space that comes with homeownership, without committing to a mortgage or maintenance.”
Coastal Ridge launched the Stillwell brand earlier this year with a 274-unit project in Wellen Park, a master-planned community south of Sarasota, Florida. The next Stillwell project is scheduled to break ground this summer in the Columbus, OH MSA, with additional projects primarily throughout the Southeast in the pipeline.
“Our team is actively pursuing additional sites for the Stillwell brand,” said Jerimi Nuckolls, Director of Development at Coastal Ridge. “Our Stillwell product is ideal for master-planned communities as well as one-off…
