Lincoln Property Co. and Kairoi Residential wrapped up construction on Waterline, the Lone Star State’s tallest tower, rising 74 stories in downtown Austin, Texas. The mixed-use property features 352 multifamily units across 33 levels, 703,000 square feet of office space spanning 24 floors and 252 hotel keys taking up 13 stories.
Multihousing New reports Waterline is subject to a $742.5 million self-financed construction loan originated in June 2022, one year before work began.
The development team included general contractor DPR Construction and designer KPF. HKS served as the architect of record. The team delivered the project two months ahead of schedule.
Bosque Residences represents Waterline’s multifamily portion, encompassing one- to three-bedroom units, including penthouse layouts, that range between 701 and 2,803 square feet. Select apartments include waterfall islands, free-standing tubs, as well as wet and dry bars, among other features.
Community amenities include a coworking lounge, conference rooms, a podcast space, a poker venue, a golf simulator, in addition to several swimming pools.
Independence in West Sacramento, a new gated community of 208 townhome-style rental homes developed by Lewis Apartments, opened its leasing office and model homes to the public on Saturday, Oct. 24. Located in West Sacramento’s Southport/Bridgeway Island area, Independence introduces rental homes designed for residents who want the space and privacy of a single-family home...
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CBRE announced the sale of a 4.66-acre parcel at the northwest corner of County Highway MM and U.S. Highway 14 in Fitchburg, Wisconsin. Louisville, Kentucky-based Trilogy Real Estate Fitchburg LLC purchased the property from Fairchild Development LLC for $2.23 million, marking the company’s third location in the Madison market and expanding its footprint beyond its...
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Northmarq has arranged $95.8 million in refinancing for a six-property, 1,461-unit multifamily portfolio owned and operated by E&S Ring across Los Angeles and San Bernardino Counties. The financing was arranged through Voya Investment Management by Northmarq’s San Francisco Debt + Equity team, led by managing director Nathan Prouty, SVP Andrew Slaton and senior investment anaylst...
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