Austin Pacific One, LLC is helping Austin, TX, residents battle the rising costs of housing with the acquisition of 9.9 acres in Lockhart for the construction of an apartment community. The project will feature 120-240 units.
Austin, TX – Sep 15, 2021 – Vee Khuu and Delphine Nguyen, co-founders of Austin Pacific One, LLC, announced that groundbreaking is expected to occur during the first quarter of 2023 with completion 18 months later. It’s a strategic development opportunity for the area, with apartments that will be situated less than 30 minutes away from a Tesla plant and the Austin-Bergstrom International Airport. The apartment community is located next to SH-130, the fastest highway in TX.
“My business partner and I are excited about this new project, which will lead to the development of an apartment community in an area of Austin that already witnessed exponential growth,” said Khuu, CEO of Austin Pacific One, LLC. “As we contemplate our rezoning and development process, I feel a wave of excitement about the opportunities ahead. We’ll be able to provide housing for an underserved market that is in dire need of new rental units – very exciting!”
The project is particularly important as an increasing number of people are being pushed from their long-time homes in the Austin area due to high property taxes. It also provides housing opportunities for a population that’s experiencing housing difficulties due to increasing home prices. The project represents a wise investment for individuals or organizations that want to invest in real estate.
An entrepreneur and real estate investor, Nguyen assists clients in obtaining financial stability through passive real estate investing that produces multiple income streams. She and her husband have invested heavily in the triangle cities of Austin, Dallas and Houston over the past two years, as that’s where most of America’s fastest growth is taking place.
Khuu began his career in 2008 in the U.S. and has invested in over $20 million worth of real estate, from single homes to small and large apartments. He also hosts a podcast called “Real Estate Lab,” in which he interviews some of the most successful people in the real estate industry.
The new apartment community by Austin Pacific One, LLC is unique in that its goal is to provide affordable housing for a highly underserved population. The lack of affordable housing options has created a crisis for many people. Austin Pacific One, LLC’s approach is innovative and providing a solution to a major problem in the Austin area.
About Austin Pacific One, LLC
Austin Pacific One, LLC is a multi-family investment and development company specializing in diverse areas such as commercial properties and multi-family developments. Founders Vee Knuu and Delphine Nguyen have had many years of experience within the real estate market which has allowed them to excel at their trade.
Media Contact
Company Name: Austin Pacific One, LLC
Contact Person: Vee Khuu
Email: Send Email
Country: United States
Website: https://www.veekhuu.com/