Turnbridge Equities is rolling out a big play less than a mile from Austin FC's Q2 Stadium, with plans for a $70 million mixed-use apartment project that would kick off with about 450 units. Early filings describe a six-story, wood-framed building with ground-floor retail and a separate seven-story precast parking garage on an 8.6-acre stretch of Donley Drive and nearby parcels on Kramer Lane. Construction is slated to begin this year, according to public filings and city records.
What Turnbridge Is Proposing
According to The Real Deal, the $70 million budget and construction timeline come from a filing with the Texas Department of Licensing and Regulation, which is still preliminary and subject to change. Those documents outline roughly 450 apartments, street-level retail space and a stand-alone precast parking structure next to the multifamily building.
Rezoning and the Site
City planning records show that the parcels at 2101, 2105, 2111 and 2201 Donley Drive, covering about 8.55 acres, were rezoned to the North Burnet/Gateway TOD-Gateway subdistrict. That zoning allows a floor-area ratio of up to 12:1 and potential heights of about 491 feet if the developer taps available bonuses. City of Austin materials say the rezoning was approved to encourage transit-oriented redevelopment near the new McKalla station and Q2 Stadium.
Turnbridge's Holdings
In its portfolio, Turnbridge labels the area the "Q2 Stadium Assemblage" and lists the addresses 2101–2201 Donley Drive and 2111–2115 Kramer Lane, noting that it acquired the properties between October 2019 and October 2020. Turnbridge Equities describes the holdings as roughly 13 acres of office and industrial buildings that the firm is positioning for redevelopment.
Where This Fits In North Austin
The site sits less than a mile from Q2 Stadium and about two miles from The Domain, right in the middle of an area the city has been reworking with new zoning and transit investments. In 2024, the Austin Business Journal reported that Turnbridge had previously floated rezoning and conceptual plans for a much taller project on the same assemblage, including ideas that ran up to 45 stories. That history suggests the company may be breaking a larger vision into phased, market-sensitive steps rather than trying to build it all at once.
Transit, Parking and Next Steps
Planning staff have highlighted the walkability potential of the property, noting that with a planned pedestrian crossing the assemblage would sit roughly 0.3 miles from McKalla Station. City of Austin documents say that kind of connection supports higher density and active ground-floor uses, which lines up with the mixed-use approach in Turnbridge's early plans. The rezoning package also lays out a development-bonus system that ties extra height and floor area to community benefits, so the ultimate scale of the project will depend on what Turnbridge agrees to provide during site-plan review and permitting.
For now, the filings remain preliminary and subject to change, and a Turnbridge associate named in the public documents did not immediately respond to requests for comment, The Real Deal reported. If financing and permits line up, Turnbridge's timetable calls for work to start later this year, with the project moving through the city site-plan process where neighbors and staff will finally get a closer look at design details and mitigation plans.
