AUSTIN, TX—Due for completion in early 2019, Gables Republic Square will be located at 400 Lavaca St. and will encompass 221 residential units along with a separately owned 159-key Hotel ZaZa. Residents will have access to a music practice room shared with the hotel and limited residential room service provided by Hotel ZaZa. Gables Republic Square will be an Austin Energy Green building (two-star level), which is comparable to LEED certification, and features a design inspired by the surrounding historic Warehouse District.
Joint venture equity has been secured for the development of the downtown 24-story, class-A mixed-use residential and hotel project. Holliday Fenoglio Fowler LP worked exclusively on behalf of the developer, Gables Residential, to arrange the equity for the development of the property through The Carlyle Group. The HFF debt placement team representing the borrower was led by director Robert Wooten and senior managing director Matt Kafka.
“HFF is very pleased to have been involved in the capitalization of such an exciting and transformative project,” Wooten tells GlobeSt.com. “This type of mixed-use development is the future of Austin's urban center.”
The residential lobby and Hotel ZaZa lobby, valet, bar and spa will occupy the ground floor while the hotel ballroom, restaurant and swimming pool will be located on the seventh floor and guest rooms on floors 8 through 12. Floors two through six of the property will be reserved for residential parking and two levels of subgrade parking will be reserved for the hotel.
The property's for-rent homes will include granite or quartz counters in kitchens and baths, stainless steel appliances, upgraded cabinetry, in-unit washers and dryers, wood or wood laminate flooring in all living and dining areas, built-in speakers in kitchen and dining area, eight-foot doors, granite thresholds and balconies. Residents will have access to a rooftop amenity area featuring panoramic views of the city as well as a swimming pool, hot tub, outdoor kitchen, fireplace, club room, library and fitness center.
Steady gains in the US economy have resulted in net positives for the multifamily sector—will this wave continue for the foreseeable future? What's driving development and capital flows? Join us at RealShare Apartments on October 19 & 20 for impactful information from the leaders in the National multifamily space. Learn more.
AUSTIN, TX—Due for completion in early 2019, Gables Republic Square will be located at 400 Lavaca St. and will encompass 221 residential units along with a separately owned 159-key Hotel ZaZa. Residents will have access to a music practice room shared with the hotel and limited residential room service provided by Hotel ZaZa. Gables Republic Square will be an Austin Energy Green building (two-star level), which is comparable to LEED certification, and features a design inspired by the surrounding historic Warehouse District.
Joint venture equity has been secured for the development of the downtown 24-story, class-A mixed-use residential and hotel project. Holliday Fenoglio Fowler LP worked exclusively on behalf of the developer, Gables Residential, to arrange the equity for the development of the property through The Carlyle Group. The HFF debt placement team representing the borrower was led by director Robert Wooten and senior managing director Matt Kafka.
“HFF is very pleased to have been involved in the capitalization of such an exciting and transformative project,” Wooten tells GlobeSt.com. “This type of mixed-use development is the future of Austin's urban center.”
The residential lobby and Hotel ZaZa lobby, valet, bar and spa will occupy the ground floor while the hotel ballroom, restaurant and swimming pool will be located on the seventh floor and guest rooms on floors 8 through 12. Floors two through six of the property will be reserved for residential parking and two levels of subgrade parking will be reserved for the hotel.
The property's for-rent homes will include granite or quartz counters in kitchens and baths, stainless steel appliances, upgraded cabinetry, in-unit washers and dryers, wood or wood laminate flooring in all living and dining areas, built-in speakers in kitchen and dining area, eight-foot doors, granite thresholds and balconies. Residents will have access to a rooftop amenity area featuring panoramic views of the city as well as a swimming pool, hot tub, outdoor kitchen, fireplace, club room, library and fitness center.
Steady gains in the US economy have resulted in net positives for the multifamily sector—will this wave continue for the foreseeable future? What's driving development and capital flows? Join us at RealShare Apartments on October 19 & 20 for impactful information from the leaders in the National multifamily space. Learn more.
© Arc, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to TMSalesOperations@arc-network.com. For more information visit Asset & Logo Licensing.