Abilene Housing Project Advances on Cypress Street
Renovation of a historic downtown building into a 49-unit income-based complex continues, with completion projected for April 2027.
Updated on Nov. 4, 2026 in Construction
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Construction is underway on the Landmark at Cypress, a 49-unit income-based housing complex being built from a historic 55,000 sq. ft. building on the 300 block of Cypress Street in downtown Abilene. The project carries a reported $10 million price tag.
Why it matters
The conversion adds income-based housing to downtown Abilene while preserving a historic structure. Overland Property Group also plans to seek National Historic Landmark status for the building.
Filings put the estimated cost at $9,919,512, against a reported total of $10 million. The 49-unit complex spans six floors of a 55,000 sq. ft. building, and the unit mix is set by income tier, with 4 units at $17,000 to $28,100 and 12 units at $56,000 or more.
The players
Overland Property Group
The developer behind the Landmark at Cypress project, which is also seeking National Historic Landmark status for the building.
The details
Exterior brick restoration, including scraping, painting, new door openings, and brick replacement, is underway alongside new window installation. Electrical, plumbing, HVAC, insulation, gypsum board, ceiling framing, and plaster work are progressing across all six floors.
Timeline
Wednesday morning: a crane hoisted the project sign onto the property.
April 2027: projected completion of the Landmark at Cypress.
Roadmap
The project pairs adaptive reuse of a historic downtown building with income-based housing, with exterior restoration and interior trades running at the same time. Overland Property Group's pursuit of National Historic Landmark status would extend that preservation effort beyond the renovation itself.
The 49 units include income-based tiers ranging from $17,000 to $56,000 or more, giving downtown residents a range of rental options. Work on the 300 block of Cypress Street will continue to affect nearby traffic and access while exterior and interior construction proceeds.
The takeaway
Converting older downtown buildings into income-based housing can preserve historic structures while adding units, and the Landmark at Cypress project is expected to finish in April 2027.
What happens next
The project is projected to be complete by April 2027, and Overland Property Group plans to seek National Historic Landmark status for the building.
Further reading
For more on local building projects, see Construction coverage in Abilene.
Source note: This article includes information reported by Big Country Homepage.
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