Dallas apartment builder makes Austin debut with $30M complex

A Dallas development firm has broken ground on a $30 million luxury apartment complex in the Austin market on State Highway 71 in the Village of Bee Caves.

Criterion Property Co. LP is building the 293-unit Windsor at Bee Caves Village on a 19-acre site near Hill Country Galleria and the Shops at the Galleria. Major construction is expected to be complete by year-end with the first residents moving in January 2007.

The project will include a 7,000-square-foot community center with pool, spa and game room.

Windsor is Criterion's third such project since the company's formation in 2004, joining two other developments in Massachusetts.

"Criterion is pleased to start our expansion in the Austin and Texas markets with this transaction, and we are actively seeking other developments in Texas," said Criterion President and Principal Pretlow Riddick.