The unique redevelopment of the TownLake YMCA property at 1100 West Cesar Chavez Street is a once-in-a-generation partnership between MP Austin, an affiliate of Millennium Partners, and the Greater Austin YMCA.
Through this vibrant partnership, Millennium Partners will make it possible for the Greater Austin YMCA to bring its wellness mission to life in exciting new ways for the community it serves.
The new 110,000 sq. ft. onsite YMCA facility, which includes 18,000 SF of a YMCA Tomorrow Academy preschool area (projected to serve more than 100 children) that is available to the general public at a location where there is no publicly available childcare services today. The new TownLake YMCA will also provide dedicated space for mental health and counseling services, a small performing arts theater, a community garden, art studios, coworking spaces, and meeting spaces for local non-profit and community-focused organizations. In addition to market-rate housing, the project will also include approximately 90 high-quality, deeply affordable rental units with a majority of two-and three-bedroom options suitable for families.
Millennium Partners looks forward to working with the City of Austin, the Old West Austin Neighborhood Association, the West Austin Youth Association, Austin Pets Alive!, the Trail Conservancy, and a host of other stakeholders to create positive change in the community through strong partnerships like this one, with the goal of serving the Austin community for generations to come.
Mario Palumbo is the managing partner responsible for directing and managing the day-to-day operations of Millennium Partners. In addition, he oversees Millennium Partner’s largest investment vehicle- the Completed Asset Fund, with over $2.75 Billion in assets. The portfolio contains Millennium’s office, retail, theater, extended-stay and parking assets throughout the country.
Mr. Palumbo has 30 years of experience managing a high-performing, best-in-class real estate company including a large commercial portfolio and all aspects of complex, large-scale urban real estate development projects. He is a results-oriented team leader, adept at navigating challenging environments while managing financial, technical, regulatory, logistical and personnel challenges.
Mr. Palumbo joined Millennium Partners in 1997. He initially oversaw the development of Millennium’s mixed-use Ritz-Carlton developments in Washington, DC, Georgetown and Battery Park City in lower Manhattan.
Mr. Palumbo received his JD from the Stanford Law School and his MBA from the Stanford Graduate School of Business. He holds an undergraduate degree in economics from Princeton University, from which he graduated summa cum laude. He attended Phillips Exeter Academy for high school. Mr. Palumbo is chair of the board of The Friends of the High Line and a member of the Board of Governors of the Real Estate Board of New York Board.
As Managing Director at Millennium Partners, Richard G. Baumert brings more than two decades of experience creating distinctive residential and commercial developments across the U.S. He is recognized for his intuitive understanding of designing spaces and programs that strengthen communities and revitalize urban neighborhoods.
Since joining Millennium Partners in 2001, Baumert has contributed significantly to the company's national growth. He initially spearheaded hotel development efforts that brought the Ritz-Carlton back to New York City, before expanding his portfolio to include projects in D.C., Miami, and San Francisco. For the past several years, Baumert has focused on Millennium Partners' extensive Boston projects, overseeing all aspects of residential and commercial development including design, programming, marketing, sales, and operations. His Boston portfolio includes transformative residential, mixed-use, and commercial projects such as Millennium Place, Millennium Tower Boston, and Winthrop Center—the latter recognized as the largest Passive House office building in the world and the most sustainable building in the U.S. in a northern climate.
With Millennium Partners' success in the Boston market, Baumert is now directing his expertise toward the company's work in Austin, Texas. As part of this new venture, Baumert will apply his extensive experience in forging meaningful partnerships with local organizations and stakeholders to ensure the development addresses Austin's unique needs while adhering to Millennium Partners' philosophy of creating sustainable, thriving urban destinations.
As a committed community advocate, Baumert serves on the Board of Directors for the YMCA of Boston and is eager to apply insights from this relationship to Millennium Partners' collaboration with the YMCA of Austin for their Texas development.
Prior to joining Millennium Partners, Baumert honed his eye for five star hospitality as general manager of a historic hotel and conference center. He holds a Bachelor of Arts degree from Buffalo State College and a Master of Arts degree from The Ohio State University.
For over 30 years, Millennium Partners has redefined urban luxury living by transforming overlooked neighborhoods in America’s gateway cities into thriving, mixed-use destinations. From pioneering high-rise residential living in NYC to launching iconic partnerships with Ritz-Carlton and Four Seasons and now introducing their own Millennium-branded five-star properties, they’ve set new standards in lifestyle innovation. With features like FLX fitness centers, exclusive Owners’ Clubs, La Vie® social network, and culinary collaborations with chefs Michael Mina and John Fraser, their developments continue to drive record-breaking demand. Backed by a $5 billion portfolio, Millennium Partners delivers vibrant, sustainable communities where people live, work, and thrive.
The market-rate residences will embody the signature five-star lifestyle that defines every Millennium development—delivering refined living with panoramic views of Austin’s skyline and beyond. Nestled along the lakefront, these homes offer unmatched access to scenic park trails, convenient public transit, a state-of-the-art YMCA facility, and a host of vibrant community amenities. As the vision comes to life, stay tuned for exciting updates and new details on this transformative waterfront destination.
Initial designs include 90 high-quality, affordable rental units with a majority of two-and three-bedroom options suitable for families.
At the heart of the redevelopment is a new, 110,000-square-foot YMCA designed to serve as a catalyst for community wellbeing. The facility will feature 50,000 square feet of dynamic, youth-focused programming space—including a 18,000-square-foot early education center—reflecting a bold vision centered on the key drivers of health: accessible, high-quality early education and childcare, comprehensive wellness and mental health services, affordable housing, and strong connectivity to surrounding neighborhoods. This transformative project is built to uplift lives and foster lasting impact across the greater Austin community.
Stay informed about this exciting partnership between MP Austin and the Greater Austin YMCA. Enter your information below to receive the latest updates, news, and progress on this transformative community development.
Thank you for reaching out to MP Austin. We look forward to a successful partnership with the Greater Austin YMCA and the positive impact it will bring to Austin and the surrounding communities. We will keep you informed as the project progresses.
For media inquiries please contact:
Laura Bowman
lbowman@3pointpartners.com
3 Point Partners
1601 Rio Grande St, Suite 441
Austin, TX 78701
