Accesso will break ground on the multi-phase mixed-use project at the property at 7700 Parmer Lane in 2027, and will also renovate the existing office buildings on the campus, currently the fourth-largest office campus in the metro at 911,573 square feet.
The Austin Business Journal reports that the renovations would expand the campus to more than 3 million square feet, with new buildings and multi-level parking replacing the campus’s expansive parking lots. The first phase of redevelopment, which will take several years to complete, will consist of multifamily and retail development. There is 100,000 square feet of retail space planned to be built for the project in all, and the first phase of development will see about 300 of the project’s 1,500 multifamily units built.
Future phases of the redevelopment will add more property uses. In 2020, Accesso secured zoning to add 800,000 square feet of office space and a 340-room hotel to the property.
HSL Properties paid $31.85 million for the Luma Apartments, a 180-unit project at 2600 W. Ina in Tucson, according to Real Estate Daily News. The sale comes out to just over $175,000 per unit. The seller was Village at The Foothills Owner LLC, of Beverly Hills, California, which can be traced to MC Residential in...
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ARCTRUST Private Capital and Edison Equity Residential broke ground on Serenova at Dripping Springs, a 175-residence, 55+ age-restricted community in Dripping Springs, Texas. The groundbreaking follows the August closing of the project’s construction loan, provided by North River Partners. This project follows the duo’s effort on Serenova at Woodforest, which broke ground in October 2025. Located adjacent to...
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An RK Investors-led team obtained an $81 million construction loan for Sutherland at Piper Glen, a 299-unit multifamily development underway in Charlotte’s Piper Glen neighborhood. The financing was provided by Western-Southern Life Insurance Company. The financing was arranged by Nate Sittema, Kristen Reilley and Elliott Voreis with CBRE’s Debt & Structured Finance team. Currently under...
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