McFerrin Park site

A commercial real estate investment and development firm has bought the 14.4-acre plot of land in McFerrin Park that is being eyed for a $300 million mixed-use project focused on affordable housing. 

Austin-based Cypress Real Estate Advisors bought the three-parcel site for $30.1 million from Austin-based Riverchase Holdings, which acquired the properties in June 2017 for $11.2 million.Â