Austin Texas MF Construction Pricing

[Jonathan Orr]

Hey BP, looking at a few development sites in Austin TX.  Have a good understanding of construction pricing for the west coast, but want to see if anyone has opinions on what they are seeing for construction cost for multi family (3-5 story type 5, no podium).  Can be either $/SF, per unit or total.  Yes, I realize it is property and design specific, just want to make sure I am in the ball park for early underwriting.  Doesn't have to include soft cost or any design cost.
Any info is helpful. Thanks!

[Greg Dickerson]

Originally posted by @Jonathan Orr:
Hey BP, looking at a few development sites in Austin TX.  Have a good understanding of construction pricing for the west coast, but want to see if anyone has opinions on what they are seeing for construction cost for multi family (3-5 story type 5, no podium).  Can be either $/SF, per unit or total.  Yes, I realize it is property and design specific, just want to make sure I am in the ball park for early underwriting.  Doesn't have to include soft cost or any design cost.
Any info is helpful. Thanks!

Cost should be $140-$165 a foot depending location, site work, finishes etc.

[Ken Buck]

@Jonathan Orr I'm from there and developed there. The quoted amount is about right from what I'm hearing...I'm looking to learn about your area - build costs in SoCal? 

[Account Closed]

Let me know if you ever want to build in Leander, Tx. I've got 3 acres that will be prime location in a few years.