04 Lofts

MFB developed 04 Lofts in 2007. This mid-sized complex designed by Dick Clark contains 1 and 2 bedroom condos, all with high-end finish outs and uninterrupted views of Austin's skyline. The 1 and 2 bedroom units are 1000 SF and 2,800 SF, respectively. In the heart of South Congress, this location is one of the best in town.


Steck Town Center

The 28,000 square foot building was originally part of the Hart Graphics printing company and was used as a warehouse for shipping and delivery of products. MFB purchased the property in 2005 and began redevelopment. A section of the building was demolished to make room for the new parking lot, a new facade was built, and a multi-tenant center with a common area loading corridor was created. Current tenants include a sports therapy rehabilitation center, a consignment store, restaurants, a bridal shop, and a flooring store.


2020 W Anderson Ln.

This center is 56,000 square feet and was formerly used as a Lack’s superstore and distribution warehouse. MFB purchased the property in March of 2011 out of bankruptcy. The building’s interior was gutted and the entire facade was redeveloped.  The property is currently 100% occupied by two tenants, LA Fitness and Four Hands Furniture.


6505 Airport

MFB purchased this ~100,000 square foot property in the early 2000s, and the one story building was completely gutted and renovated in 2004. This multi-use property contains office space, a Jack in the Box fast food restaurant, a gas station, and retail stores such as Payless ShoeSource.


Penn Field

Penn Field is a former WWI military airfield. In 1918 there were five brick buildings constructed totaling 168,000 square feet. After the war the site was sold to the Woodward family who used the space to manufacture wooden truck frames and eventually wood furniture. MFB was one of the partners who purchased and redeveloped the original five brick buildings in 2000. The current buildings are completely renovated on the inside as creative office space. Penn Field is recognized as one of Austin’s most high profile redevelopments. 


Lamar Oaks

4001 South Lamar is a 120,424 square foot neighborhood retail center. This property was purchased by MFB in 2011. The former Furr’s Cafeteria located at the front of the property was converted into a micro-hospital/emergency room. The main building is not 100% occupied and houses general retail, a Wheatsville Co-Op grocery store, and an LA Fitness health club.


Red's Porch

This building was purchased by MFB in 2006 and was previously used by an insurance company which was the sole tenant. MFB redeveloped the property by converting the former automotive bays into what is now Red’s Porch. Other tenants in the building today include Evans Dermatology and Citibank.