Found 5 blog entries tagged as under construction.

Image: STG Design / Pearlstone Partners / Prospect Real Estate

TOWERS writes, "The 41-story Vesper condo tower is now complete in the Rainey Street District of downtown Austin, with its first phase of move-ins kicking off this week. According to developers Pearlstone Partners and sales agency Prospect Real Estate, the building is currently 67 percent sold. The 452-foot tower broke ground in the summer of 2021, situated on a small 0.4-acre site at the edge of the neighborhood at 84 East Avenue, pretty tightly hemmed in on three sides by the Camden Rainey Street apartment building and a famously garish Homewood Suites. 

It’s just one of a forest of towers now rising in the Rainey District, with the perspective of the aerial shot below showing not one, not two, not three, but four separate tower projects underway…

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Austin, Dallas and Houston (Getty)

TheRealDeal writes, "real estate in the Texas Triangle is magnetic, according to the Urban Land Institute.

Austin has the fifth-best real estate market in the nation going into 2024, the Austin Business Journal reported, citing the ULI’s Emerging Trends in Real Estate study, which compiled data and insights from over 2,000 industry experts to analyze shifts in the market and make predictions for the coming year. 

Austin’s ranking, down from No. 3 last year, reflects the city’s status as a “magnet city,” attracting both people and companies. Over recent years, Austin has seen significant investments from major corporations, such as Tesla and Samsung, which have drawn substantial business to the area. 

The city’s industrial sector is thriving,…

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Austin American-Statesman writes, "amid ongoing demand for industrial space in Central Texas, a project near Austin-Bergstrom International Airport landed $18 million in financing.

MDH Partners, an Atlanta-based real estate investment company, closed on $17.8 million in financing from Regions Bank for the project, called 71 Logistics Center.

The industrial building, which will have 216,000 square feet of space, broke ground in August on 45 acres near the airport. 

The building is at Texas 71 and Norwood Lane, 6 miles southeast of the airport, in the five-county Austin region that is home to more than 2.2 million people.

Once completed in the second quarter of next year, 71 Logistics Center will increase MDH Partners’ Texas footprint to…

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Growth continues to define the I-35 corridor through Central Texas. Get an interactive map in the article. RAMZI ABOU GHALIOUM | SABJ

Austin Business Journal reports, "the San Antonio and Austin metros have more more than 55,000 apartment units under construction, highlighting the immense fortune developers are poring into the emerging metroplex.

Just looking at the I-35 corridor between the two big cities, 23,000-plus units are proposed, under construction or have come online in the past 12 months, according to data from MRI ApartmentData, a multifamily analytics firm tracking Sun Belt markets.

That shows multifamily developers and investors are eager to keep pouring money into dense housing in the region. To be sure, there are thousands of single-family homes in the pipeline as well, although many experts have said denser, more affordable housing is desperately needed to…

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Austin American-Statesman writes, "Pearlstone Partners is doubling down on its commitment to growing in Austin.

Over the next three years, the Austin-based real estate investment firm said it plans to add three new projects totaling upwards of $700 million to its expanding portfolio. The new developments will further redefine the skyline and urban living in the city, Pearlstone officials say.

The privately held Pearlstone — one of the largest providers of for-sale housing in and near downtown Austin —already has invested about $500 million in two completed residential projects and three that are under construction.

Now, it is seeking capital partners for three future projects. The planned projects will add an additional $700 million to…

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