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New development adding apartments, coffee shop and grocery store to East Austin

A target open date has been planned for the summer of 2024 for a development on E. 5th Street. (Lincoln Ventures)

Developers are continuing to transform East Austin, building a new mix-used development with apartments and community amenities.


Austin-based Lincoln Ventures has plans for a new six-story multifamily development at 2700 E. 5th St. With six stories, it will include 625 residential rental units, two levels of co-working space, a café and a grocery store. The development will break ground in the second half of the year with an estimated opening date in the summer of 2024.


“As East Austin continues to grow along with the city, it’s important to tap into the lifestyle needs of the area, and this project captures that energy by providing a unique variety of environments, services and experiences to the residents and the community,” David Kanne, Lincoln Ventures CEO said. “Future residents will be at the center of this dynamic East Austin District while enjoying easy access to public transportation and a city bike trail as well as proximity to downtown Austin and (the Austin airport).”

Local coffee shop Fleet Coffee will be working with Lincoln Ventures for the café. The development will also include fitness amenities like a gym, a spin studio and a yoga room. Other offerings are two outdoor pools, a dog run, a catering kitchen and below-grade parking with direct access to units.

Future residents will be able to choose among studios, one, two and three-bedroom options. Ten percent of the units will be designated affordable housing.

Not yet named, the building will also have two-story “urban row homes” and two-story live and work units along the frontage road.

The current tenant at the site is a construction company known as MasTec.

Lincoln Ventures partnered with Boston-based ELV Associates on the project and will have landscape and architecture services from local designers TBG.

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