Midtown Commons, the mixed-use apartment and retail development located at Crestview Station, was acquired by MIG Real Estate, a Newport Beach-based real estate investment company, Yahoo! Finance reports. This is the fourth Austin purchase by MIG Real Estate and its eighth community in Texas.
Midtown Commons at Crestview Station has 562 units and 58,883 square feet of commercial space. In addition to its prime spot on the MetroRail, Midtown Commons has studio, one and two bedroom floorplans with high end finishes. The community has two resort-style pools, fire pits and outdoor kitchens, two fitness centers, a yoga studio, a dog park, a community vegetable/herb garden and more.
Retail in the complex includes Midtown Grocery and Cafe, Black Star Co-op, Fuzzy's Tacos, Subway, Modo Yoga and Fat Cat's Desserts. The community is less than a mile from ACC's Highland Mall Campus, where Rackspace will be moving its Austin offices. Midtown Commons is also just four miles from The Domain.