Project Connect

Texas State Affordable Housing Corporation Awards $31.5 Million in Private Activity Bonds to Finance Norman Commons

Retrieved on: 
Friday, February 9, 2024
Magnet, Federal Home Loan Banks, Housing, General obligation bond, Homelessness, Project Connect, Sale, Risk, Private, Wells Fargo, Property management

Austin, Feb. 09, 2024 (GLOBE NEWSWIRE) -- The Texas State Affordable Housing Corporation (TSAHC) has awarded $31.5 million in Private Activity Bonds to Foundation Communities to provide capital for the construction and development of Norman Commons Apartments in Austin.

Key Points: 
  • Austin, Feb. 09, 2024 (GLOBE NEWSWIRE) -- The Texas State Affordable Housing Corporation (TSAHC) has awarded $31.5 million in Private Activity Bonds to Foundation Communities to provide capital for the construction and development of Norman Commons Apartments in Austin.
  • When complete, Norman Commons will create 156 units of affordable rental housing targeted for low-income households who earn no more than 60% of the Median Family Income.
  • Norman Commons will be located in East Austin, next to the Boggy Creek neighborhood, in an area that includes apartment communities and commercial buildings.
  • TSAHC approved $31.5 million in Private Activity Bonds to provide the primary financing toward the $62.3 million budget for the project.

Austin Transit Partnership Announces Collaboration with HKS, UNStudio and Gehl to Lead Architecture and Urban Design for Project Connect

Retrieved on: 
Monday, March 6, 2023
History, Culture, Gehl, Project Connect, Capital, UNStudio, HKS, Growth, Education, ATP, Quality of life, Partnership, Connect, Los Angeles Forum for Architecture and Urban Design, Architecture, City, Tourism, Project

AUSTIN, Texas, March 6, 2023 /PRNewswire/ -- The Austin Transit Partnership (ATP) announced a partnership with an international design team led by HKS, UNStudio and Gehl to create system-wide architecture and urban design for the light rail program of Project Connect, a major expansion of Austin's public transit system. Project Connect is a transformative, voter-approved investment that includes light rail, expanded bus routes, and more services across the city.

Key Points: 
  • AUSTIN, Texas, March 6, 2023 /PRNewswire/ -- The Austin Transit Partnership (ATP) announced a partnership with an international design team led by HKS , UNStudio and Gehl to create system-wide architecture and urban design for the light rail program of Project Connect , a major expansion of Austin's public transit system.
  • "We are thrilled to work with this visionary, interdisciplinary design team" says Peter Mullan, ATP Executive Vice President for Architecture and Urban Design.
  • In November 2020, Austin voters approved Project Connect and the creation of the independent entity Austin Transit Partnership to implement this landmark investment in transit.
  • Ben van Berkel, Founder and Principal Architect of global architecture design network UNStudio, adds: "Project Connect will be transformational for the City of Austin.

CapMetro orders 30 chargers from NFI Infrastructure Solutions™ to support zero-emission mobility in Austin

Retrieved on: 
Tuesday, January 3, 2023
NFI, Partnership, Project Connect, VIC, North American Bus Industries, EV, TSX, City, Local Government Act 1985, Transport, OTC, ST, FORCE America, Inc., Heliox, Central Texas, New Flyer

The purchase is part of CapMetro’s five-year contract with NFI subsidiary of New Flyer of America Inc. (“New Flyer”) for up to 171 battery-electric buses and 427 chargers.

Key Points: 
  • The purchase is part of CapMetro’s five-year contract with NFI subsidiary of New Flyer of America Inc. (“New Flyer”) for up to 171 battery-electric buses and 427 chargers.
  • The Heliox depot overhead chargers will support CapMetro's initiative of transitioning to a battery-electric bus fleet.
  • NFI now continues to enable CapMetro’s transition to zero-emission mobility through its reliable, safe, and sustainable infrastructure services,” said Chris Stoddart, President, North American Bus and Coach, NFI.
  • “By leveraging NFI’s extensive experience in smart charging infrastructure, CapMetro will support zero-emission bus deployment in Austin, ultimately delivering cleaner, quieter mobility in Texas.”
    NFI Infrastructure Solutions is a service dedicated to providing safe and reliable infrastructure services for smart, sustainable mobility projects with more than 330 chargers installed to date.

CORRECTION FROM SOURCE: PlaceMKR Purchases Retail Center in Austin

Retrieved on: 
Thursday, December 15, 2022
Acquisition, Partner, Project Connect, City, LP, Partnership, Real estate, Amusement park, Orange, North Central Austin

The 107,000-square-foot property is located along Project Connect and will be the beneficiary of the Orange light rail line connecting Downtown Austin to Tech Ridge.

Key Points: 
  • The fully-leased retail center is located on 13.65 acres in Central Austin and is situated along Project Connect, which will provide convenient access to the Orange light rail line connecting Downtown Austin to Tech Ridge.
  • The retail center is the latest acquisition by PlaceMKR in Austin, which has been one of the fastest-growing cities in the United States since 2018.
  • This retail center is a great fit for our portfolio and will provide significant returns for our investors."
  • In addition to its investment activity, PlaceMKR is also an active developer, having completed several ground-up projects in the Austin market and more on the way.

PlaceMKR Purchases Retail Center in Austin

Retrieved on: 
Thursday, November 24, 2022
Partnership, City, Project Connect, Acquisition, Amusement park, Real estate, North Central Austin, Orange

The 107,000-square-foot property is located along Project Connect and will be the beneficiary of the Orange light rail line connecting Downtown Austin to Tech Ridge.

Key Points: 
  • Austin, Texas--(Newsfile Corp. - November 24, 2022) - PlaceMKR announces that it has, in partnership with Portal Investment Management, purchased 10601 North Lamar Boulevard in Austin, Texas.
  • The fully-leased retail center is located on 13.65 acres in Central Austin and is situated along Project Connect, which will provide convenient access to the Orange light rail line connecting Downtown Austin to Tech Ridge.
  • The retail center is the latest acquisition by PlaceMKR in Austin, which has been one of the fastest-growing cities in the United States since 2018.
  • In addition to its investment activity, PlaceMKR is also an active developer, having completed several ground-up projects in the Austin market and more on the way.

Downtown Austin Alliance reveals 2022 State of Downtown economic impact report

Retrieved on: 
Wednesday, June 1, 2022
Life, State Farm Downtown Building, I-35, Weaver building, CEO, Government, Character, Investment, City, Paramount Theater, Project Connect, Growth, Passiflora, Element, Foundation, Waterloo Park, Housing, Safety, Catering, Commercial property, Nightclub, Tourism, Department store, Central Texas, Austinite

AUSTIN, Texas, June 1, 2022 /PRNewswire/ -- The Downtown Austin Alliance (Downtown Alliance) revealed the 2022 State of Downtown report findings at its Future of Downtown event today at Waterloo Park. The report presents data on a range of economic indicators that impact downtown Austin and has been produced and shared by the Downtown Austin Alliance annually since 2019.

Key Points: 
  • AUSTIN, Texas, June 1, 2022 /PRNewswire/ -- The Downtown Austin Alliance (Downtown Alliance) revealed the 2022 State of Downtown report findings at its Future of Downtown event today at Waterloo Park.
  • The report presents data on a range of economic indicators that impact downtown Austin and has been produced and shared by the Downtown Austin Alliance annually since 2019.
  • The Downtown Austin Alliance (Downtown Alliance) works with key downtown stakeholdersproperty owners, residents, business owners, community organizations and government officialsto advance our collective vision for the future of downtown Austin.
  • As a full-time advocate for downtown, the Downtown Alliance protects and promotes Austin's downtown through full-time advocacy, strategic initiatives and thoughtful planning.

Proterra Selected by Capital Metro In One of the Largest Electric Transit Bus Procurements In North America

Retrieved on: 
Tuesday, September 28, 2021
Capital Metropolitan Transportation Authority, Project Connect, Partnership, Greenhouse, Solution, EV, NASDAQ, Transport, Population, Local Government Act 1985, Silicon, Capital, Maintenance, Proterra (bus manufacturer), CO2, Travel, GLOBE, Renewable energy, Rail transport

The plan approved by Capital Metro also contains options for the agency to acquire an additional 126 40-foot electric transit buses and chargers over five years.

Key Points: 
  • The plan approved by Capital Metro also contains options for the agency to acquire an additional 126 40-foot electric transit buses and chargers over five years.
  • The procurement plan approved by Capital Metro marks one of the largest acquisitions of battery-electric transit buses in North America.
  • Todays announcement is Capital Metros third and largest procurement of Proterra battery-electric transit buses.
  • Over the past year and a half, the agency introduced its first six Proterra electric-transit buses as well as its North Operations electric bus yard, which utilizes Proterra Energy interoperable charging infrastructure to support the agencys growing fleet of electric transit buses.