The Markson pays homage to the legacy of Dan
Markson, former Executive Vice President of Development of The NRP
Group, and pioneer of affordable housing in Austin and throughout
Texas
In partnership with the Housing Authority of the City of Austin
(HACA), The NRP Group celebrated the grand opening of The Markson,
a 330-unit mixed-income housing development in Austin’s coveted
Barton Springs community. As a part of both organizations’
commitment to creating affordable housing options for Austin
residents, more than half of the units will be reserved for
residents earning 80% of the Area Median Income (AMI).
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Officials from the Housing Authority of
the City of Austin, St. Andrew’s Episcopal School, Amegy Bank,
Coats Rose and The NRP Group gathered to cut the ribbon on The
Markson, a 330-unit, mixed-income development in Austin, Texas.
The Markson meets the neighborhood’s demand for quality,
accessible workforce housing, and embodies the vision that Dan
Markson carried throughout his 30-year career. Through his tireless
efforts, bold leadership, and brilliant partnership development,
Dan Markson changed the affordable housing landscape, leading to
the creation of over 29,000 multifamily units in Texas, with more
to come.
The Markson is one of the eight developments created in
partnership with HACA, comprising over 2,300 units throughout the
city. The organization serves over 25,000 Austin residents through
21 Project-Based Rental Assistance Properties, Voucher Programs,
and the Austin Affordable Housing Corporation.
"As a part of our collective vision to provide stable,
affordable housing options to essential workers, The Markson
reflects our unwavering commitment to addressing the affordable
housing shortage in Austin,” said Michael Gerber, President and
CEO of the Housing Authority of the City of Austin. “Dan
Markson's legacy is embodied in The Markson, and this development
will help ensure the integral presence of our community members in
Austin's diverse fabric.”
The Markson offers affordable rents for people who provide
critical services, including teachers and first responders, close
to their places of work. To assist local school teachers in finding
affordable housing, NRP Group is also extending one month of free
rent to all employees of nearby St. Andrew's Episcopal School. The
community's location offers easy access to downtown Austin and
nearby employment centers, like Yeti and NXP, catering to essential
workers and local employees alike.
“Thanks to our continued collaboration with HACA, The Markson
stands as a testament to Dan’s vision and dedication to delivering
housing options for essential workers throughout Texas,” said
Debra Guerrero, Senior Vice President of Strategic Partnerships
and Government Affairs at The NRP Group. “We honor his legacy,
as well as HACA’s vision to provide housing affordability for
Austin families.”
The Markson residents will enjoy an array of outdoor amenities,
including a landscaped pool courtyard with private cabanas, an
outdoor kitchen with grills, bocce ball, volleyball courts, and a
dog park. The property’s sky lounge offers indoor and outdoor
gathering spaces complemented by sweeping views of downtown Austin,
providing a serene retreat for residents, families, and their
guests.
"We are thrilled to unveil The Markson, a project in the heart
of Barton Springs that combines high-quality construction with
affordability," said Parker White, Vice President of Development
at The NRP Group. "NRP has a rich history in Austin, standing
as a pioneering force for affordable housing across Texas through
impactful collaborations with key partners like HACA. Thanks to
this continued support, we can provide essential workers with the
opportunity to live in a vibrant community while investing in the
local economy."
Residents will also have access to a pet spa, bike storage,
conference rooms, co-working lounge space, coffee bar, fitness
center, game room, and package concierge. The community features a
central parking garage with electric vehicle charging stations for
added convenience. The Markson comprises one- to three-bedroom
units with monthly rents ranging from $1,487 to $3,182. Residences
are available in two different in-unit finishes—toffee flat panel
or cream shaker style—and offer stainless steel appliances, pure
white quartz countertops, luxury vinyl plank flooring, and keyless
entry. A selection of units feature outdoor balconies.
Situated within the lush backdrop of the Barton Creek Wilderness
Park, residents of The Markson will have access to a scenic nature
trail, reservoir, the nearby Barton Creek Greenbelt, and over 20
acres of preserved nature area. The entire property is landscaped
with native prairie plantings.
In addition to the Markson, NRP is developing Alameda at Oak
Hill Development in collaboration with the Austin Affordable
Housing Corporation, which will continue to grow affordable housing
options in the Austin market.
About The NRP Group
The NRP Group is a vertically integrated developer, owner,
builder, and manager of best-in-class multifamily housing with a
mission to create exceptional rental housing communities for
individuals and families, regardless of income. Since its founding
in 1994, NRP has developed more than 50,000 apartment homes and
currently manages over 25,000 residential units.
Through its disciplined approach to vetting opportunities, NRP
has established a track record of delivering impressive returns for
investors. The company’s formidable size and depth of talent
provide the experience and infrastructure necessary to execute
developments of varying degrees of complexity and scope in both
urban-infill and suburban locations, including market-rate,
affordable, mixed-income, and senior housing.
The NRP Group is consistently ranked in the Top 10 largest
developers and builders in the U.S. by the National Multifamily
Housing Council and by Affordable Housing Finance. The NRP Group is
a winner of the National Association of Home Builders Multifamily
Pillars of the Industry award for “Builder of the Year,” and a
four-time recipient of the same award for “Development Firm of the
Year.” The NRP Group has become the top multifamily developer in
the U.S. that creates both affordable and market-rate housing at a
national scale. Based on its nearly 30 years of experience and
expertise, NRP now provides construction and property management
services to outside owners and developers. For additional
information, visit www.nrpgroup.com.
About The Housing Authority of the City of Austin
Established in 1937, the Housing Authority of the City of Austin
(HACA) is a public unit of government separate from the City of
Austin. HACA’s mission is to cultivate sustainable affordable
housing communities and partnerships that inspire self-reliance,
growth, and optimism. As a High-Performing housing authority that
assists over 20,000 Austinites, HACA owns and operates 1,839 units
of subsidized housing in 18 developments throughout Austin. For
more information, visit www.hacanet.org, or find us on Twitter
@hacanet.
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MEDIA: Phoebe Schmidt Antenna | Spaces
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