After a three-year stall, LV Collective's long-planned East Austin development is back in motion, albeit in a leaner form. State filings show the wedge-shaped project at 2700 East Fifth Street, now branded as The Right Angle, is slated to break ground in June 2026 on a downsized mixed-use building that would blend apartments with retail and co-working space. The target completion date is September 2028.
According to The Real Deal, a Texas Department of Licensing and Regulation filing lists The Right Angle as a roughly $106 million project with 476 residential units at 2700 East Fifth Street. The filing cites a June 2026 construction start and a September 2028 finish, and credits Dallas-based WDG Architecture as the designer. The Real Deal also notes that Austin's recent multifamily wave, with roughly 16,000 completions last year, helped nudge rents down about 5 percent compared with 2023.
LV Collective's own project page once described an "East 5th" concept that swung for something bigger, with about 508 residential units, two levels of co-working space, a cafe and an "urban grocery." LV Collective's site still lists the 2700 E. 5th address and several amenity features that line up with earlier marketing for the site. The firm's portfolio also includes student-focused projects such as Moontower and Paseo, which have helped shape its playbook for dense rental housing in Austin.
Earlier Plans Were Much Larger
County records and previous announcements pointed to a far more ambitious version of this project. Earlier proposals topped out at roughly 625 rental units and an estimated construction budget of nearly $134 million. The Real Deal reports that the original outline included townhomes, duplexes, two floors of co-working space and a grocery, elements that appear to have been pared back in the new filing.
The downsizing reflects a rethinking of what fits the site and the current market rather than any change of address. The parcel still occupies a triangular wedge between East Fifth Street, Pleasant Valley Road and the Austin Area Terminal Railroad, a quirky slice of land that has been waiting years for something substantial to land on it.
What The Change Means For East Austin
The slimmer blueprint tracks with the kind of adjustments developers are making across Austin as demand patterns and financing conditions shift. For nearby residents, the new plan likely means less intense construction density than the earlier, supersized version, while the remaining retail and co-working space still promises fresh neighborhood amenities.
Whether the June 2026 start date actually holds will depend on city permitting and financing lining up on schedule. For now, the state filings put The Right Angle back on the map after several quiet years. Interested residents and potential tenants can keep an eye on public records and city permits for signs of site work and contractor activity. We will continue to track official filings and developer announcements as the project moves toward its proposed 2028 delivery.
