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"We recognize the strong growth trajectory of the Mercer County market and the unique prospects presented by this property," says Stephen Cassidy, president of Denholtz Associates.
It will take creativity, but the affordable housing crisis is one that will not be ignored by lenders, investors or developers. Besides, tax credits may not be the sector's biggest issue.
What makes The Triangle unique is the type of deal creativity necessary in Austin, i.e., the use of a condo map to legally divide the retail from the multifamily, making each piece more valuable.
From the biggest and most significant transactions, to this year's top prospects for investment and development, Real Estate Forum presents the "Best" of the commercial real estate industry.