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"An Austin developer says her company has started construction downtown on a project designed to provide moderately priced "workforce housing," potentially for up to 90 people.

Weaver Buildings, a real estate development firm owned by Jen Weaver, is constructing the 45,000-square-foot mixed-use project, called Capitol Quarters, at 1108 Nueces St. The site formerly housed an office building that was torn down last year.

The project also will have no parking for residents – something Weaver said is a first for a residential project in downtown Austin.

The new Capitol Quarters building will have 30 units, each with three bedrooms and two bathrooms. The building could be ready for its first residents early next year.

The cost for the residential spaces are estimated to be $1,400 per person, if there were three people in the unit. Three people could come together to sign a lease, or one tenant could sublease to other residents.

“Austin’s downtown has the highest residential rental rates in the state of Texas,” Weaver said. “Urban living should be available to a broader variety of incomes." "

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