Genesis, KTGY Complete 54-Story Austin Tower
KTGY and Genesis Real Estate Group delivered The Travis, a 54-story glass residential tower in downtown Austin. KTGY designed the tower; Genesis was the developer. Genesis secured $173.4 million in construction financing from JPMorgan Chase.
Situated on Rainey Street, the design provides over 400 premium riverfront units with unobstructed views of Lady Bird Lake and the Waterloo Trail. The base of the structure is an eight-story mid-rise podium that integrates residential units, parking, amenities, and a retail corner. The amenity offerings include one of the largest elevated amenity decks in the area, with a pool, and a wellness studio. Additionally, The Travis features a coffee shop with outdoorseating, a large bike room, a river-facing artist loft, and a podcast and sound recording studio tailored to modern content creation.
Multiple connections were incorporated along the west façade of the building’s base, reinforcing the project’s integration into the surrounding Rainey Street and Waterloo Greenway context.
Other News
Greybrook Picks Up 334-Unit Mansfield Rental Community
The Greybrook U.S. Multifamily Income & Growth Fund acquired Evolv, a 334-unit multifamily property in Mansfield. Greybrook landed a $39.2 million acquisition loan from Greystone as part of the deal. The fixed-rate Fannie Mae loan carries a five-year term, with three years of interest-only payments followed by a 35-year amortization schedule. Greystone’s financing team included Richard...
Learn more
Legacy, CrossHarbor Teaming Up on 444-Unit Richardson Apartment Community
Legacy Partners, together with their equity partner CrossHarbor Capital Partners, has acquired a 10.4-acre site in Richardson, Texas, with plans to develop Legacy Arapaho, a 444-residence apartment community. The partnership recently closed on the site at 250 E. Arapaho Rd. with a construction loan from First United Bank of Durant, Oklahoma. The existing vacant two-story...
Learn more
Aspen Square Spins Off 395-Unit Marietta Rental Asset
Aspen Square Management offloaded the Legacy at West Cobb in Marietta, Georgia, for $48 million. The 395-unit apartment complex was sold to Acento Partners. Andrew Mays and Paul Vetter of Berkadia Atlanta represented the seller. Berkadia also arranged a $36 million acquisition loan. The property was 88% occupied at the time of sale. Berkadia’s Mays...
Learn more
Brokers
View All-
Remax Real Estate Professionals
Re/Max Real Estate Professionals
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Greg Corbin
Northgate Real Estate Group
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout