5th and Brazos - Magellan Development Group

Brazos St & E 5th St , Austin


5th and Brazos

Magellan’s most recent development, to be located at 5th and Brazos in the heart of downtown Austin, will feature studio, one and two bedroom, contemporary-designed units. In addition to the 323 apartments, this mixed-use project will also feature the Thompson and Tommie hotel brands and over 8,000 square feet of first floor retail space.

The hotel components will feature a variety of conveniences, services and amenities including dining and drinking venues, lounges, outdoor pool deck, and a state-of-the-art 5,000 square foot fitness center. Apartment residents will enjoy the amenities offered to hotel guests in addition to apartment resident-only amenities including kitchen/dining/grilling features, outdoor and indoor lounges, firepits, indoor workspaces, bicycle storage and indoor dog run and grooming areas.

Key Stats

  • Site Size: 35,360 sf/ 3,285 m2
  • Number of Stories: 32
  • Building Size: 796,713 sf/ 74,017 m2
  • Residential Rental Units: 323
  • Hotel Rooms: 438
  • Parking Spaces: 385
  • Retail Space: 5,723 sf/ 532 m2
  • Development Team: Magellan Development Group/ Wanxiang America Real Estate Group (China)/ Geolo Capital
  • Architecture: bKL Architecture
  • Total Development Costs: $272,100,000
  • Construction Start: 2018 Q4
  • Initial Occupancy: 2020 Q4