Chestnut Building

The Chestnut is the most ambitious project MMC Real Estate has undertaken. With the help of the City of Austin (and the housing bond funds administered through the Austin Housing Finance Authority), the builder was able to develop a mixed-use and mixed-income community in Central East Austin near the corner of 12th and Chicon. After the third building is complete, Chestnut will have created at least 43 residential units (with most of them going for households making less than 80% of the region’s Median Family Income ). MMC owns the bottom floor of the first building that has gone up in this historically blighted area near the University of Texas-Austin.