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Planned Austin developments land $280 million to finance construction


Planned Austin developments land $280 million to finance construction
Shonda Novak, Austin American-Statesman
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Four high-profile properties in Austin have received nearly $280 million in construction financing.
Madison Realty Capital announced that it has provided a $278.5 million construction loan for the four properties to the developer, Reger Holdings, a real estate investment and development company based in West Seneca, N.Y.
Madison Realty Capital is a real estate private equity firm based in New York, with regional offices in major markets including Los Angeles and Dallas.
One of the four properties is a 28-story condominium in downtown Austin known as the Linden Residences, which is due to break ground soon at 313 W. 17th Street. The tower is will have 117 condominiums, along with ground-floor retail and 251 parking spaces. Reger said the units have been substantially sold but did not provide a number. ....

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Austin's new $1B mixed-use project breaks ground near Samsung factory


Austin s new $1B mixed-use project breaks ground near Samsung factory
The complex should be completed by 2028.
Courtesy rendering
As if the prospect of a multibillion-dollar expansion of Samsung’s chipmaking operations in Northeast Austin weren’t big enough, the area will also be home to a more than $1 billion mixed-use project along East Parmer Lane.
Reger Holdings, a real estate investment and development company based in West Seneca, New York, has started work on EastVillage, a 425-acre project near Samsung’s manufacturing complex that will feature:
2,000 apartments
Active-adult communities
223,000 square feet of retail space
96,000 square feet of restaurant space
Three hotels with a total of 390 rooms ....

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New mixed-use Austin project could be $1 billion


Construction is due to start soon on the first segment of a 425-acre mixed-use project in Austin s booming northeast technology corridor.
The development, called EastVillage, eventually could be a $1 billion project when fully built out in five phases over time, according to the developer.
Being built just off Parmer Lane, plans for EastVillage include office space, housing, hotels, restaurants, retail, a grocery store and a movie theater. Buildings will include a mix of four- and five- story structures.
Plans also call for pedestrian paths, an amphitheater for festivals, concerts and other gatherings, and 150 acres of wooded parkland that will include hike and bike trails and fields for sporting activities. ....

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