Track Record
Projects
Across multifamily, hospitality, residential subdivision, and creative covered land — a portfolio built on discipline, creativity, and execution.
$500M+
Assets Developed
5
Featured Projects
3
States
7x+
Best Equity Multiple
Studio Haus
Cutting-Edge Hospitality
Hospitality — New Construction
A 60-key, cutting-edge hospitality project located in Austin's vibrant East 6th Street Transit Oriented District. Designed in an urban luxury format with Class A touches and exceptional convenience, the project is constructed using cold-form metal framing technology — reducing construction waste and environmental impact while accelerating delivery timelines.
Project Highlights
- 60 hotel keys — urban luxury format
- East 6th Street Transit Oriented District
- Cold-form metal framing construction technology
- Reduced environmental impact vs. conventional construction
- Spring 2025 completion
Kramer
Creative Covered Land
Office-to-Education Conversion / Covered Land
A value-add office building in North Austin, adjacent to the Domain — Austin's emerging second downtown. Watershed converted and tenanted the property as a K–3rd grade primary education facility, creating stable cash flow while the surrounding submarket matured. The deal was sold in 2023, generating a 7x+ deal-level equity multiple and a 3.5x equity multiple to investors.
Project Highlights
- Office-to-education adaptive reuse
- Tenanted as K–3rd grade primary school
- Over 2 acres in the path of growth
- 7x+ deal-level equity multiple
- 3.5x equity multiple to investors
- Sold 2023
Sylvan
Luxury Single-Family Houses
Luxury Residential Subdivision
A luxury single-family residential subdivision in Austin's sought-after East Travis Heights neighborhood within the East Riverside submarket. The project involved subdivision creation and the development of high-end homes in one of Austin's most dynamic urban infill locations, achieving more than 10x equity growth for investors.
Project Highlights
- Luxury single-family residential subdivision
- East Travis Heights — premium Austin infill location
- East Riverside submarket
- Equity growth of more than 10x
- Subdivision creation business plan
North Texas Subdivisions
Single-Family Lot Development
Ground-Up Residential Lot Infrastructure
A multi-site residential lot development program spanning Grayson and Collin Counties in North Texas — one of the fastest-growing submarkets in the country. Watershed, in partnership with Mitchell Development, acquires land and self-performs all infrastructure work including dirt work, utilities, and roadway construction through a vertically integrated platform. Finished lots are sold to major national homebuilders.
Project Highlights
- Grayson County and Collin County, North Texas
- Ground-up infrastructure: dirt work, utilities, roadway
- Vertically integrated platform — self-perform capability
- Partnership with Mitchell Development
- Finished lot sales to national homebuilders
- One of the fastest-growing US submarkets
Detroit Restoration
Early 1900s Apartment Restoration
Multifamily Historic Renovation
A moderate value-add renovation of a 1920s brick apartment complex in Detroit's Midtown neighborhood, near Wayne State University. In partnership with Moontower Capital, Watershed executed a renovation strategy that mixed the building's original historic charm with curated modern upgrades. The results were remarkable — rents on renovated units increased by 2.5x — and the asset has been re-tenanted and stabilized as a long-term hold.
Project Highlights
- 1920s brick apartment complex — historic renovation
- Midtown Detroit — adjacent to Wayne State University
- Partnership with Moontower Capital
- 2.5x rent increase on renovated units
- Fully stabilized and cash-flowing
- Moderate value-add business plan
Have a Property to Discuss?
Watershed is actively acquiring new projects across Austin and the DFW metroplex. Use subject line “NEW PROJECT” when reaching out.
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