$97.3M Student Housing Tower Proposed in Austin’s West Campus
A new state filing puts construction value and a delivery schedule behind Somerset Partners’ proposed Rio Grande Street tower.
Another student housing tower is moving through the development process in Austin’s West Campus.
Somerset Partners is proposing Ventnor Avenue at 2307 Rio Grande Street, with an October 23 state registration describing 300 units across 30 stories. The approximately 466,000-square-foot development carries a $97.3 million construction estimate.
Rhode Partners is the architect, and 2307 Rio Grande LLC is the registered owner. The latest proposal reaches approximately 400 feet, with parking arranged across three below-ground and two above-ground levels.
The residential program includes study areas, shared amenity spaces, a fitness center and a pool deck, placing student-focused facilities within the tower.
The site plan remains under review. The filer’s schedule calls for construction to begin February 1, 2027, and finish July 14, 2028.
Overview:
- Project: Ventnor Avenue
- Developer: Somerset Partners
- Owner: 2307 Rio Grande LLC
- Location: 2307 Rio Grande Street, Austin, Texas
- Sector: Student housing
- Estimated Construction Cost: $97.3 million
- Units: 300
- Floors: 30
- Proposed Height: Approximately 400 feet
- Architect: Rhode Partners
- Status: Proposed; site plan under review
- Filed Start: February 2027
- Filed Completion: July 2028