Thank you for sharing!

Your article was successfully shared with the contacts you provided.

AUSTIN, TX-LodgeWorks, which is developing the area’s first aloft hotel, has obtained $19.4 million in construction financing. LodgeWorks, which received funds from RockBridge Capital LLC, will operate the hotel upon its completion later this year.

The financing involve a $15.6 million first mortgage and a $3.8 million mezzanine investment in the project. Specific details about the financing were not available at press time. Representatives from the Columbus, OH-based RockBridge Capital were not available for comment. An update will follow.

The Domain is a $500-million-plus mixed-use project being developed by Indianapolis-based Simon Property Group. The development is bordered by Burnet Road and Braker Lane on the northwest side. The 30-acre first phase opened in March 2007. Domain II broke ground in summer 2008.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.