Wilson Capital Puts Dev Site Entitled for Apts on Market

A fully entitled high-rise site close to Austin FC’s home pitch is up for grabs.

Austin-based Wilson Capital is marketing its development site, planned for a 28-story apartment tower at 2500 Braker Lane, just across from the Aguilar Street entrance to Q2 Stadium in North Austin. The offering includes three contiguous lots totaling roughly 1.3 acres, with approvals in place for a 307-unit multifamily project, according to marketing materials first reported by the Austin Business Journal.

JLL’s Graham Schmergel and Reid Gilbreath are handling the listing. The brokers declined to comment.

The approved site plan calls for a 289,393-square-foot tower with a mix of studio, one-, two- and three-bedroom units averaging 943 square feet. More than 300 parking spaces would be wrapped into floors one through six. One parcel is vacant; the other two contain small commercial buildings that appear to be empty, according to the outlet.

In a statement, Wilson Capital President Taylor Wilson said the sale is part of an “ongoing review” of the firm’s portfolio. He declined further comment.

The move marks a shift from earlier signals. In March 2025, while addressing delays at the firm’s downtown Wilson Tower project, Wilson said the company still intended to move forward on its project at 2500 Braker. Since then, plans appear to have changed.

Wilson Tower, once expected to break ground in 2023 at the northeast corner of Fifth and Trinity streets in Austin, remains stalled. The site plan for that project — on the former Avenue Lofts site — is set to expire July 10.

The Braker Lane listing offers a rare, fully entitled high-rise opportunity in North Austin’s stadium district — without the entitlement risk that has bogged down many urban towers, according to the publication.

Instead, Wilson Capital has been focusing on suburban multifamily development in Pflugerville, Round Rock, Lakeway and Dripping Springs.

Wilson is also pursuing large-scale land acquisitions, including the $2.15 billion, 932-acre Blue Sky master-planned community in Lockhart.

— Eric Weilbacher