Watershed Development Group
2–10 employees 1 principals
Last updated by Zailyn
About Watershed Development Group
Watershed Development Group is a real estate operator. Watershed Development Group operates in Austin, Texas, Dallas, Texas and Detroit, Michigan. Its investment focus is on Covered Land & Land Banking, Hospitality and Micro-apartments.
Watershed Development Group has focused its real estate development efforts on three property categories: multifamily housing, single‑family subdivisions, and creative “covered land” developments. The company is led by founder Nathan “Nate” Vargo, who has held key development‑executive roles since 2008, meaning Watershed’s team brings at least 17 years of development experience. Vargo has transacted, developed, and planned more than USD 500 million in real estate assets across multifamily, mixed‑use, office, warehouse/distribution, and residential housing. One of Watershed’s recent projects in Austin broke ground in March 2022: a 34,364‑square‑foot multifamily building called Sixth and Chicon, featuring 60 micro‑housing apartments over six floors, with coworking spaces, workout rooms, community kitchens, and rooftop patio, slated for completion in summer 2023.
Principals at Watershed Development Group
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