Portman Breaks Ground on Luxury Community in North Austin

AUSTIN, TEXAS — Portman has broken ground on 2545 Brockton, a luxury community in North Austin. Atlanta-based Portman expects to deliver the 429-unit mixed-use project by approximately March 2028. Located at 2545 Brockton Drive, the development site is adjacent to The Domain, an office, retail, restaurant and residential destination. Portman’s mid-rise community will feature a mix of studio, one-, two- and three-bedroom floor plans. Thirty-nine of the units will have a private rooftop patio. Amenities include a rooftop pool, greenspace and 6,850 square feet of ground-floor retail. Centerbridge Partners arranged an undisclosed amount of financing for the development. According to Austin-based real estate brokerage firm Grossman & Jones, the project cost is approximately $71 million.