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Construction-to-permanent financing of $93 million was recently secured for One De Haro, a four-story 60-foot tall building with two-thirds office and one-third light industrial uses totaling 133,427 square feet.
Financial terms of the transaction were not disclosed for the complex that for decades served as the headquarters for McDonald's until the firm's relocation last year to approximately 470,000 square feet of space at Sterling Bay's 1045 W. Randolph St. in Downtown Chicago.
The recently sold 81,660-square-foot creative office and adaptive-reuse project fully leased to H-E-B is located amid the trendy East Austin neighborhood.
With an estimated completion in fourth quarter 2020, One Esterra Park will offer 245,000 square feet of class-A office space in a six-story building designed with technology tenants in mind.
The development will incorporate 233 residential units, 25,000 square-feet of retail, 5,300 square-feet of office space, and a 4,000 square-foot event space.
“Building communities requires some sort of incentives program—but it must be one that is predictable and sustainable, transparent and accountable, and smartly devised and strategically deployed,” said Gov. Murphy in his address.
Real Estate Forum is searching for young professionals who have made a noticeable impact on the industry. The application deadline for nominations is fast approaching at July 17, 2019.
Urbanspace will relocate from its current headquarters at 801 W. 5th St. by year end, while the neighborhood coffee shop and bar are anticipated to open in time for SXSW 2020.