Parallel CO Announces 502-Bed Development Near the University of Texas

by Katie Sloan

Austin, Texas — Parallel CO, a new venture formed by industry veterans David Pierce and Kristen Penrod, has announced plans for MUZE, a 502-bed student housing development located blocks from the University of Texas campus in Austin.

The 18-story high-rise is scheduled for delivery in fall 2019. Community amenities will include a rooftop swimming pool, outdoor theater and kitchen area, fitness center, community gathering spaces and a state-of-the-art study floor with spaces for individual and group study. Units will be fully furnished with a custom designed furniture package. The architect for the project is Rhode Partners and Rogers-O’Brien is the general contractor. Sixthriver will provide interior and product design services.

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