AUSTIN (Austin American-Statesman) – Post Properties Inc. is moving forward with its long-delayed South Lamar Blvd. apartment project.

The 298-unit development at 1500 S. Lamar had been proposed years ago but hit several bumps along the way. The community will replace an older complex that had low rents.

The $41.7 million project will include 8,555 sf of street-level retail and is slated to be finished by third quarter 2012.

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