Endeavor Real Estate Group has stood pat on a property at 600 E. Riverside Drive for 11 years.
The Austin Business Journal reports the firm recently filed a planned unit development (PUD) application for a 1.75-acre property that would have 200 residential units as well as 8,000 square feet for restaurants or retailers. The building could be up to 510 feet tall. The site is currently home to a gaming arcade. (Photo)
If the PUD is approved, it will join several other major projects proposed in Austin’s South Central Waterfront area. Others include Hunt Companies’ plans to build three mixed-use towers at 200 E. Riverside Drive and a 480-foot tower at 311 – 315 S. Congress Ave.
Endeavor is also overseeing the redevelopment of the old Austin American-Statesman office site and a 21-acre site along the Colorado River in East Austin.
Multifamily owners with loans coming due are faced with higher refinancing costs. While this isn’t news, Newmark put numbers to the issue, indicating that loans maturing in Q3 2026 carried an average interest rate of 4.04%, compared to 5.69% on new loans at an average cap rate of 5.5%, resulting in negative leverage. At the...
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An increase in mortgage rates is cooling home sales, with multifamily the biggest beneficiary, according to John Chang, senior vice president at Marcus & Millichap. In a recent video, Chang said that the 10-year Treasury has risen by more than 100 basis points, and the 30-year mortgage rate is up about 130 bps to the...
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The city of Revere is eying a large redevelopment plan that would create 1,700 new affordable and market-rate homes about five miles northeast of downtown Boston. The Revere Housing Authority presented a proposal to the Revere City Council last week requesting a zoning change that would allow for development on a 40-acre site at Cooledge...
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