COMMENTARY | AUSTIN, Texas — Urban decay is now the law of the land in the Colony Park/Lakeside communities situated on the extreme east of downtown.
What was once a middle class, predominately black neighborhood, has now turned into a haven for out-of-state investors who buy at cheap prices, to only later lease the properties out to undocumented immigrants. The case of real estate magnate, Anthony R. Bertucci, who owns Jetex Family Partnership, Stacm LLC, and a host of other shell corporations, which disguise his massive real estate empire, is all the more bizarre.
Bertucci — who owns 3101 Kenai, a home in Cedar Park, Texas, valued at just under $900,000, according to the Williamson County Appraisal District — owns several properties in the Colony Park/Lakeside neighborhoods. Two of these properties, in Colony Park, are listed under Stacm LLC. as the owners. Another fourteen properties, all lots, are owned by Jetex Family Partnership, according to the Travis County Appraisal District. What’s ironic is that Anthony Bertucci is listed as an officer in both companies, according to a simple Google search. He is also connected to Amct LLC, in which realtor, Tina Bertucci, is listed as an officer. Also listed as an officer, is realtor and former embattled director of the City of Austin Neighborhood Housing and Conservation District.
As we have connected you to some of Mr. Bertucci’s dealings with others in the real estate world, we will now present their total disregard collectively for the residents in the two east Austin neighborhoods spoken of earlier.
One property located on Carwill Drive has been abandoned for almost ten years; being constantly cited by code-compliance for numerous code violations during that period. Another property located on Colony Park Drive has been cited many times and has been foreclosed at least twice by either Mr. Bertucci or his son Christopher F. Bertucci, according the Travis County Deeds. On two occasions, this property was sold to illegal immigrants, through a deed of trust and around the eighth or ninth year of them being in the house-they mysteriously disappeared. We interviewed a nearby resident who wanted to remain anonymous regarding the previous occupants and the reply was ‘they were deported’. There is currently a squatter in one of these properties-who is seeking to expose the city of Austin’s lack of pressure on non-owner occupied property owners. Bertucci filed an eviction and the hearing is scheduled for April 23, 2012, in Judge Yvonne Williams court.
Residents we spoke with are tired of the city of Austin letting Stacm LLC, Jetex Family Partnerships, Anthony R. Bertucci and the likes thereof- get away with creating urban decay in their neighborhoods and will petition the city of Austin to condemn these properties for negligence, constant violations of municipal codes, and Texas health code violations.
This will be an ongoing series so please stay tuned as we continue to expose local corruption.