Wood Partners, in partnership with ParkProperty Capital, has officially broken ground on Alta Ed Schmidt, a new 336-unit multifamily development in Hutto, Texas. Situated at 2001 County Road 119, just northeast of Austin, the project is part of a strategic push to meet the area’s rising demand for quality housing amid explosive population and job growth.

Construction on the Alta Ed Schmidt community began recently, with completion targeted for the third quarter of 2026. Once finished, the development will comprise 10 three-story residential buildings offering a mix of modern apartment layouts and finishes. Units will feature 42-inch shaker-style cabinetry, wood-style flooring, stainless steel appliances, and full-size washers and dryers. Ground-floor units will include private fenced yards.

Residents will have access to a variety of on-site amenities, including a swimming pool, a fenced dog park, and a coffee station. Additional recreational facilities—such as pickleball courts, disc golf course, parkland, and walking trails—will be developed in coordination with the City of Hutto and made available to the public as well.

The project's location in Hutto, a burgeoning suburb just 28 miles from downtown Austin, was a strategic choice for the joint venture. The Williamson County Economic Development Partnership has identified Hutto as a major growth corridor in the metro area, citing its balance between suburban charm and urban convenience.

According to the Partnership, the municipality is projected to gain 32,800 new residents and 11,700 new housing units, making it one of Central Texas’ most dynamic residential submarkets. The proximity to large employers such as Amazon, Dell Technologies, Walmart, The Home Depot, IBM, HEB, Paradigm Metals, and Gulf Coast Paper Company further boosts the area’s appeal.

This latest groundbreaking follows Wood Partners’ June 2024 launch of The Albright, a 261-unit luxury community in Austin. It also aligns with broader development trends in the region, as Austin continues to attract both residents and investors amid a strong post-pandemic economic recovery.

In the city’s urban core, development momentum is equally strong. Pearlstone Partners recently commenced construction on The Belvedere, a three-building, 158-unit luxury condominium project in downtown Austin. The developer secured a $154.5 million construction loan from Benefit Street Partners to finance the high-profile development.

The combination of strong employment drivers, quality-of-life offerings, and a growing demand for housing underscores the value of new projects like Alta Ed Schmidt.

Originally reported by Jeffrey Steele in Multi Housing News.