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Dominium is proposing to develop The Sage at Franklin Park, a 298-unit rental community in Southeast Austin (photo) along Pleasant Valley Road. The project will be located next to Franklin Park and Woodway Village, two other Dominium owned apartment communities. The 22.1-acre property is undeveloped and is located at 4605 S Pleasant Valley Road.

The project will consist of 10 apartment buildings, a clubhouse with pool, open space, rain gardens and a playground. Dominium has already applied for a $50 million bond from the Austin Housing Finance Corporation.